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What's Next for Cardano and Chainlink? Analyst Michaël van de Poppe Predicts Path of Six Crypto Assets
As the new month kicks off, crypto analyst and trader Michaël van de Poppe is eyeing Cardano (ADA), Chainlink (LINK) and four additional altcoins.
Van de Poppe tells his 348,000 Twitter followers that Ethereum competitor Cardano is looking strong against Bitcoin (BTC), holding support at 0.000039 (3,900 sats) on the ADA/BTC chart.
The analyst is looking for ADA to set higher lows and begin a significant uptrend in mid-to-late July.
“Cardano bouncing from the area that I wanted it to bounce on. Good signal, next step is breaking 4100 sats.”
Van de Poppe says that top oracle project Chainlink is following his expected trajectory.
After remaining in an accumulation zone for a short while longer against BTC, the analyst anticipates LINK will go for the 0.0006 resistance zone again within the next couple weeks.
Van de Poppe says the open blockchain project Waves appears healthy, as it manages to remain above both the 100 and 200-day weekly-moving averages (WMA).
If WAVES is able to surmount 0.00051 sats, it may be able to tear through 0.00072 for 65% gains, says the trader.
“WAVES is showing strength here as it’s still acting above the 100-Day and 200-Day MA. I’d prefer to see it sustain above 4000 sats and test the 5100 sats area again.
If that’s tested another time, most likely continuation to 7000 sats for +65%.”
Some other assets that Van de Poppe believes are looking healthy heading into July are proof-of-stake, scalable blockchain network Tomochain (TOMO); cross-chain decentralized lending protocol Kava; and liquidity infrastructure for decentralized finance (DeFi) Kyber Network Crystal (KNC).
Featured Image: Shutterstock/Liu zishan
by:Daily Hodl Staff