Experienced cryptocurrency analyst and trader Michael van de Poppe evaluates the current situation of three altcoins, including Solana (SOL) and Chainlink (LINK), and outlines what’s next for these altcoins. Here are the altcoins on the analyst’s watchlist and his comments.
Cryptocurrency analyst and trader Poppe stated on social media platform X that Solana, which is considered as a rival to Ethereum (ETH), is in the middle of a strong uptrend that could reach $40. Evaluating the current view of SOL, the analyst said, “Strong outlook and strong uptrend. If we reach $36-39 this time, I won’t be surprised. If there is a deeper correction, I would like to buy some SOL at $26-28.”
After SOL, Poppe evaluated Chainlink and stated that the popular altcoin is finally in good shape after months of consolidation. In his comment on LINK, the analyst said, “It has broken out of the range that has been maintained for a few months and continues to show strength. I won’t be surprised if it rises towards $12.5-13. If there is a deeper correction, it is necessary to buy at $9.60-10 before it continues.”
The third altcoin on Poppe’s watchlist is Layer 2 scaling solution Arbitrum (ARB). The analyst expressed his expectation for the rally in ARB to continue, highlighting the possibility of a shallow pullback and said:
I expect the rally in ARB to continue. Ideally, it could pull back to around $0.85-0.88 before reaching $1.11. If there is such a pullback, it is necessary to start buying at these levels. Testing the $0.98 resistance will likely result in an upward breakout.
According to the latest data, ARB is currently trading at $0.9328 with a market cap of $1.19 billion and a 1.45% increase in the last 24 hours.