A closely watched crypto analyst says a rival to Solana (SOL) may be gearing up for a series of rallies.
In a new strategy session, crypto trader Michaël van de Poppe explains tells are 737,600 followers on the social media platform
“Very strong movements in the markets for SEI. I expect this to break through this resistance zone, and if it does, I’m guessing we’ll see it head towards all-time highs in the next four to six weeks. Mimicking SUI.”
SEI is trading at $0.4892 at the time of writing, down 4.5% in the last 24 hours. SEI reached an all-time high of $1.14 in March.
Then the analyst believes that Ethereum (ETH)-based decentralized oracle provider Chainlink (LINK) could rise more than 23% from its current value after breaking through a resistance level.
“A huge spin from LINK for $13 here. I expect upside momentum to take place and we will see $18 as the next target. The low point for LINK has been reached. It’s still a great opportunity.”
LINK is trading at $14.60 at the time of writing, down 3.6% in the last 24 hours.
Finally, the analyst say that the native asset of the Ethereum scaling solution Optimism (OP) could rise by double digits if it can break a key resistance level at $2.
“The markets are ready to break out. The old layer 1s have been moving extensively, now it is time for the layer 2s to persevere. OP is one of them. I expect a 60% move once it breaks this resistance.”
OP is trading at $1.77 at the time of writing, up 4% in the past week.
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