cryptocurrency

Here’s What’s Next for Binance, Chainlink, and Four Additional Altcoins, According to Top Analyst

Popular crypto strategist Michael van de Poppe is outlining what will happen to half a dozen altcoins including Binance Coin (BNB) and Chainlink (LINK).

Van de Poppe tells his 622,300 Twitter followers that BNB, the interest token of the Binance crypto exchange, is still in a strong uptrend, but expects a slight pullback in the near term.

“We’re looking to see if $295 backs up the support. If that’s the case (and I doubt we’ll retest), I’m assuming $375 is next.”

source: Van de Poppe / Twitter

At the time of writing, BNB is trading at $316, flat on the day.

Next up is Chainlink, a decentralized oracle network. According to the crypto strategist, he is also anticipating a minor pullback for LINK before it rises to its upside target of $12.

“We expect to see an $8 contract as support and then a $12 contract on the board for a potential target.”

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source: Van de Poppe / Twitter

At the time of writing, LINK is swapping hands for $8.51, down 2.29% from today.

Another coin on Van de Poppe’s radar is Litecoin (LTC) peer-to-peer payments network. The analyst says that LTC should keep its immediate support intact to maintain its uptrend.

“The trend is still bullish, but it is facing critical resistance at $65. I would like to see it hold above $58 and I would look for long positions around $60. If these are pending, there is no doubt that we will see a continuation to $75 and possibly $95 “.

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source: Van de Poppe / Twitter

At the time of writing, LTC is trading at $61.75, up 1% over the past 24 hours.

Smart contract platform Harmony (ONE) is also on the Van de Poppe list. According to the trader, Harmony is flashing aggressively in the Bitcoin (ONE/BTC) pair.

A clear support block should be established around 0.00000115 BTC ($0.027). If this is the case, then I would assume another payment towards 0.00000165 BTC ($0.039). Entries are also in the region of 0.00000114-0.00000125 BTC ($0.027 – $0.030).”

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source: Van de Poppe / Twitter

At the time of writing, ONE/BTC is worth 0.00000124 BTC ($0.03).

The fifth altcoin is Celer Network (CELR), a scaling platform designed to enable off-chain transactions in a secure manner. Van de Poppe expects a 40% rise for the CELR as long as the bulls hold the closest support to the currency.

“The trend is to the upside, as consistently higher lows are being created. I would like to see $0.0235-0.024 hold as support and after that $0.034 is possible.”

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source: Van de Poppe / Twitter

At the time of writing, CELR is up over 3% on the day at $0.025.

Van de Poppe is also monitoring the price movement of the Reserve Rights (RSR) token, a cryptocurrency that aims to facilitate the stability of an asset-backed stablecoin known as Reserve Token (RSV). According to the crypto strategist, the RSR is a bit tricky to trade because losing support at $0.007 could lead to a drop of more than 17%.

“Currently on support, but if I lose that, I don’t know if I want to play $0.0065 or if I want to play $0.00575. The goals are clear, and most likely $0.01 can be achieved if support is suspended.”

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source: Van de Poppe / Twitter

The RSR is flat intraday, and it is trading at $0.0074.

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured image: Shutterstock/Roman Amanov


#Heres #Whats #Binance #Chainlink #Additional #Altcoins #Top #Analyst

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