A widely followed crypto trader is forecasting bullish continuations for a handful of altcoins including XRP, Chainlink (LINK) and Polygon (MATIC).
Analyst Michaël van de Poppe tells his 660,300 Twitter followers that the cross-border payments solution XRP will likely witness a deeper pullback at around $0.65 before it regains its bullish momentum.
According to Van de Poppe, the rally following the dip could send XRP to as high as $0.90.
“Mega move. For scalps, I’d be interested in the ranges of $0.65-0.69 on this one. If that sweep happens, probably we’ll have a new leg up after.”
At time of writing, XRP is worth $0.72.
Next up is the decentralized oracle network Chainlink. Van de Poppe is predicting a massive rise in LINK’s value after the altcoin recovered support at $6.
“So far, so good for Chainlink.
Needs to hold above $6.”
Looking at the trader’s chart, he appears to predict that LINK could rally to as high as $16. At time of writing, LINK is trading for $6.92.
The last altcoin on the analyst’s radar is the blockchain-scaling solution Polygon. According to Van de Poppe, MATIC could dip as low as $0.75 before starting its next leg up.
“Two areas of interest on this one. Aggressive approach, I’d be interested at $0.79-$0.80. Conservative approach, I’d be interested at $0.75. Probably not done with this upwards momentum.”
At time of writing, MATIC is worth $0.798.
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The post Crypto Analyst Predicts Extended Rallies for XRP, Chainlink (LINK) and Polygon (MATIC) – Here’s His Outlook appeared first on The Daily Hodl.