Cryptocurrency trader Michaël van de Poppe is leaning bullish on a top-10 altcoin by market cap while outlining a path forward for blockchain oracle Chainlink (LINK) and the native asset of the layer-1 blockchain Sui (SUI).
Starting with the third-largest crypto asset by market cap, Van de Poppe tells his 767,000 followers on the social media platform X that payments altcoin XRP could skyrocket by 213% from the current level.
According to the widely followed trader and analyst, the “optimal” entry level for a long opportunity on XRP is below $2.80.
“Is $10 possible? Yes.”
XRP is trading at $3.19 at time of writing
Next up is Sui. Van de Poppe says that if Sui’s immediate support holds, SUI could appreciate by approximately 36% from current levels.
“Very simple structure here.
Hold above $4 and we’ll see $6.
Lose this and the entire structure has been destroyed.”
SUI is trading at $4.42 at time of writing.
As for LINK, the widely followed crypto trader says the blockchain oracle “looks great” but could fall by around 19% from the current price if Bitcoin (BTC) turns bearish.
“Perhaps, if Bitcoin has that correction, there’s some more downside to happen to $21 – $22.
From that point, I expect we’ll see upward momentum towards $30 – $35 as the next target region.”
LINK is trading at $25.99 at time of writing.
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The post Crypto Trader Michaël van de Poppe Says Top-10 Altcoin Could Go Up 213%, Updates Outlook on Sui and Chainlink appeared first on The Daily Hodl.