Crypto trader and analyst Michaël van de Poppe says one Ethereum (ETH)-based altcoin is gearing up to ignite a huge burst to the upside.
Van de Poppe tells his 807,700 followers on X that he is bullish on the decentralized oracle Chainlink (LINK) in its Bitcoin pair (LINK/BTC).
According to the trader, LINK/BTC appears to have bottomed out and is poised to rally to 0.0004389 BTC, printing gains of over 160%.
“LINK has one of the best setups in the space, right now.”
A bullish LINK/BTC pair indicates that Chainlink is rising in value faster than Bitcoin. At time of writing, LINK/BTC is worth 0.0002 BTC ($23.17).
The trader is also keeping a close watch on the supply chain-focused altcoin VeChain (VET). Van de Poppe believes that VET is trading close to a crucial accumulation zone following the release of a fundamental update.
“VeChain is about to break out upwards, based on TA (technical analysis). However, they’ve just released a new version of the Whitepaper for VeBetter where AI is being integrated within the ecosystem. They keep on evolving…
When we’re talking about the case of a breakout, historically we’ve seen breakouts of more than 200% from this build-up. I’m sure it will be the same once the Weekly MA (moving average) is cracked.”
Van de Poppe says he is targeting $0.12 for VET. At time of writing, VET is trading at $0.024
Another coin on the trader’s radar is the governance and utility token of Wormhole (W), a decentralized interoperability protocol. According to the analyst, W appears to be in the midst of a bullish breakout with a target at $0.17.
“This is a case that I’d be interested to be buying the dip on W if I had the opportunity. Clear break above the weekly MA indicating that we’ll see a lot of upwards momentum.”
At time of writing, W is worth $0.12.
Generated Image: Midjourney
