One closely watched crypto analyst believes that a Solana (SOL), rival is preparing for a number of rallies.
Michael van de Poppe, a crypto trader, told his 737.600 followers in a recent strategy session on social media platform X, that Sei, the native token for the layer-1 Blockchain, could reach $1 if the SEI can breach the upper limit of a range of trading at $0.52.
SEI has made some very strong market moves. This is expected to breach this resistance area, and I expect this stock will run up towards its all-time highest in the next four or six weeks. Imitating SUI .”
SEI currently trades at $0.4892, down by 4.5% over the past 24 hours. SEI hit an all-time record high of $1.14 back in March.
The analyst also believes that Chainlink, a decentralized oracle based on Ethereum (ETH), may rise by more than 23 percent from its present value once it breaks out of a level of resistance.
Here’s a massive flip at $13. The upward momentum will continue and I anticipate that $18 is the next goal. The low for LINK has been reached. There’s still an incredible opportunity .”
LINK has fallen 3.6% over the past 24 hours to $14.60.
The analyst also says that the native currency of Ethereum’s scaling solution Optimism could rise by double digits if the asset can overcome a critical resistance level, which is $2.
The markets are about to explode. It’s now time for layer-2s. The layer-1s moved extensively and it is the turn of layer-2s. OP is among them. Once it has broken through the resistance .”, I expect a 60% movement.
OP currently trades at $1.77, an increase of 4% over the past week.
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Sources of Images include Pixabay Creative Commons & Midjourney
The Invezz published the first version of this article, titled ‘Very strong moves’: Analyst sees rallies for Solana Rival and updates forecast for two Ethereum-based Altcoins.
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