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COINTURK NEWS > Technical Analysis > Michael Poppe Predicts Altcoin Surge with New Price Target
Technical Analysis

Michael Poppe Predicts Altcoin Surge with New Price Target

In Brief

  • Michael Poppe forecasts potential price surge in favorite altcoin.

  • Chainlink sees agreements with major financial institutions.

  • ADA Coin's channel within Cardano (ADA) remains untested despite BTC's rise.

Ömer Ergin
Ömer Ergin 1 year ago
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Cryptocurrency analyst Michael Poppe shared his latest forecast for one of his favorite altcoins just hours ago. Despite a weekend lull in altcoin activities, Bitcoin $76,587 is trading close to its 24-hour peak. Many altcoins saw little movement over the past 24 hours. What altcoin did Poppe set a price target near $20 for? What are the expert predictions for Bitcoin and other altcoins?

Contents
Chainlink (LINK)Altcoin Bull Market and ADA Coin

Chainlink (LINK)

LINK Coin’s price stands above $15. Chainlink $10, having agreements with many significant financial institutions, is one of the projects with long-term potential. Recently, the project secured a deal with Trump’s initiative, WLFI, to connect its stablecoins to other networks, showcasing its technology to the world once again.

To boost token interest, Chainlink initiated staking services a few years ago, encouraging community participation in network activities by facilitating communication across various networks and dominating the data services sector.

Michael Poppe shared the following graph, predicting that a price surge might gain momentum in the coming week. If proven correct, another attempt could be made at the decision point of $19.77.

“A slightly strong bounce in LINK. I assume we will start seeing its continuation in the coming weeks. Remember, this is my first preferred support region. We are looking for a higher low for continuation.”

Altcoin Bull Market and ADA Coin

In his assessment of ADA Coin today, Ali Martinez mentioned that the search for a new peak continues within the ascending channel. If the $0.72 level holds, Cardano (ADA) $0.241858 could reach up to $0.92. The recent rise in BTC prices set the stage for recovery from the base region, although the channel’s top line hasn’t been tested yet.

DaanCrypto, analyzing Bitcoin’s performance against altcoins, considers the time might almost be right, albeit limited, for a shift.

“Throughout the past month, 57 of the top 100 altcoins outperformed BTC. Even during the wildly fluctuating 1-2 weeks of altcoin runs, the performance wasn’t as widespread as in previous cycles. Last year, only 27 of the top 100 coins outperformed Bitcoin.”

The increase in the number of altcoins and fierce competition signals that we might face something different from the usual bull runs.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 18 May, 2025 - 4:12 pm 18 May, 2025 - 4:12 pm
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