A renowned crypto strategist is anticipating a significant market reversal for a decentralized oracle operating on the Ethereum blockchain. Michaël van de Poppe, an analyst with a substantial following, expresses his bullish sentiment towards Chainlink (LINK). He predicts that the altcoin’s immediate resistance will crumble if it experiences another upward move, with a breakout towards $18 potentially on the horizon. As of now, LINK is trading at $10.96.
Van de Poppe also assesses Ethereum’s prospects and shares a chart indicating that if the cryptocurrency successfully surpasses a crucial resistance level, it could rally above $3,300. He ponders whether Ethereum will exhibit upward momentum or undergo a retest at $2,000. A breakout is possible if it manages to test $2,750 again. At present, Ethereum is valued at $2,479.
Furthermore, the analyst highlights Optimism (OP), the native asset of the layer-2 solution, as another altcoin to watch. Van de Poppe suggests that OP is just one resistance level away from experiencing a substantial upward surge. He anticipates that the coming week will witness the awakening of the Ethereum ecosystem. If OP surpasses $1.75, it could be party time for investors. Currently, OP is trading at $1.56.
Please note that the opinions expressed in this article are not investment advice. It is crucial for investors to conduct thorough research before engaging in high-risk investments involving Bitcoin, cryptocurrency, or digital assets. All transfers and trades are conducted at the investor’s own risk, and any resulting losses are their responsibility. The Daily Hodl does not endorse the buying or selling of cryptocurrencies or digital assets, and it is not an investment advisor.
