A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a series of rallies.
In a new strategy session, crypto trader Michaël van de Poppe tells his 737,600 followers on the social media platform X that the native token of the layer-1 blockchain Sei (SEI) could soon hit $1 if it can break out of a trading range’s upper bound at $0.52.
“Very strong moves on the markets for SEI. Expecting this to break through this resistance zone, and if that’s the case, then I’m assuming we’ll see this one have a run toward the all-time high in the coming four-six weeks. Mimicking SUI.”
SEI is trading for $0.4892 at time of writing, down 4.5% in the last 24 hours. SEI reached an all-time high of $1.14 in March.
Next up, the analyst believes that the Ethereum (ETH)-based decentralized oracle provider Chainlink (LINK) may increase more than 23% from its current value after breaking out of a resistance level.
“A massive flip of LINK at $13 here. I expect upward momentum to take place and that we will see $18 as the next target. The low on LINK is in. It’s still a tremendous opportunity.”
LINK is trading for $14.60 at time of writing, down 3.6% in the last 24 hours.
Lastly, the analyst says that the native asset of the Ethereum scaling solution Optimism (OP) could soar by double digits if it can break through a key resistance level at $2.
“The markets are ready to break out. The old layer-1s have been moving extensively, now it’s time for the layer-2s to follow through. OP is one of them. I’m expecting a 60% move once it breaks through this resistance.”
OP is trading for $1.77 at time of writing, up 4% in the last week.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Follow us on X, Facebook and Telegram
Generated Image: Midjourney
Read the full article here
