Analyst Predicts Upside Rallies for Solana, Chainlink, Polygon, and Two Other Altcoins – Here Are His Targets
A well-known crypto strategist is making bullish predictions for several altcoins, including Solana (SOL), Chainlink (LINK), and Polygon (MATIC).
The analyst, Michaël van de Poppe, took to the social media platform X to share his thoughts with his 692,000 followers. He believes that Solana, a smart contract platform, is ready for an upward move following its consolidation period. After bouncing from its recent low of around $79, SOL could potentially reach $140.
Currently, SOL is valued at $103, marking a more than 6% increase in the past day.
Van de Poppe also has his eyes on Chainlink, the native asset of the decentralized oracle. LINK has been holding crucial levels and he sees it reaching $25 in the near future. At the time of writing, LINK is valued at $14.98, with a 2% increase in the last 24 hours.
The analyst’s attention next turns to Polygon, a blockchain scaling solution. Despite underperforming, MATIC’s higher timeframe support levels have held, and liquidity has been absorbed. Van de Poppe predicts a potential surge, with the next rally possibly reaching the $1.25-1.50 region. Currently, MATIC trades at $0.817.
Van de Poppe is also keeping an eye on Arbitrum (ARB), an Ethereum scaling solution. After finding support at the $1.60 level, ARB appears to be ready for a significant surge. The analyst believes that if it returns to the $1.40-1.60 area, it presents an entry opportunity. However, Van de Poppe expects the Layer 2 solutions to continue gaining momentum, with ARB potentially reaching $3-$4. At the time of writing, ARB is valued at $1.85.
Lastly, the analyst has high hopes for Polkadot (DOT), the native asset of the interoperable blockchain. Despite a recent pullback, Van de Poppe sees potential for a more than 100% rally. DOT’s strong weekly candle and a 30-40% correction within a bull market indicate a prime opportunity for an upward impulse move. The analyst suggests a potential target of $15 for Polkadot.
These predictions from Michaël van de Poppe present potential opportunities for traders and investors in Solana, Chainlink, Polygon, Arbitrum, and Polkadot to monitor these altcoins closely.