342
129 shares, 342 points

Crypto strategist and trader Michael van de Poppe has great hopes for a handful of altcoins following Bitcoin (BTC)’s rise to ATH. The analyst expects serious increases in some altcoin projects.

Michael van de Poppe: I think Chainlink is still in the spotlight

In his new analysis, Michael van de Poppe shares his latest analysis of the decentralized price streaming service Chainlink (LINK). Michael van de Poppe adds the following to his comments on the subject:

At this stage, I think Chainlink is still of interest if you want to take a position on this. I think that’s perfectly fine, just ready for an exit.

Michael van de Poppe: Curve DAO Token may padol

Next on Michael van de Poppe’s list is the Curve DAO Token (CRV). Before making a new breakout, the analyst expects the coin to move sideways in the short term. Michael van de Poppe adds the following to his comments on the subject:

The Curve DAO Token is seeing this nice retest here… It’s a nice build here where we’ll see continued progress towards resistance, and we’ll be paddling at a later stage.

Michael van de Poppe: There could be a breakout in this altcoin project

Next, Michael van de Poppe looks at Skale (SKL), a decentralized application (DApp) protocol designed to help developers bypass congestion on the Ethereum network. Michael van de Poppe thinks the SKL will start to rise next month. Michael van de Poppe adds the following to his comments on the subject:

Most likely in November, we will experience this breakout in Skale 1400 Sats before we experience the new impetus, the last impulsive wave.

Michael van de Poppe: A breakout will most likely occur in the price of this altcoin

Michael van de Poppe then analyzes the graph for The Graph. Michael van de Poppe adds the following to his comments on the subject:

And that’s on the list… It has underperformed in the past months and has actually only seen one surge of impulses in 2021. But if support continues here… If it continues to make higher lows, a breakout will most likely occur.

Analyst: THORchain moves to post a higher bottom

The crypto analyst says he is taking action to issue the decentralized cross-chain liquidity protocol THORchain (RUNE) a higher bottom. This indicates that there may be another upward movement, according to the analyst. Michael van de Poppe adds the following to his comments on the subject:

When I see this major rebound, I assume we will give ourselves a slight consolidation, give ourselves a higher low, and then start moving on.

Michael van de Poppe: I expect VeChain (VET) to reach these levels

As for the supply chain platform VeChain (VET), Michael van de Poppe said that he is sticking with his early October forecast and expects the coin to drop to at least 0.00000149 BTC (0.094) before a sustainable uptrend begins. Michael van de Poppe adds the following to his comments on the subject:

I am still waiting for VeChain (VET) to reach these levels.


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