A closely followed crypto analyst says a rival to Solana (SOL) could be gearing up for a series of rallies.
In a new strategy session, crypto trader Michaël van de Poppe told his 737,600 followers on social media platform if it manages to break out of the top of a trading range. tied at $0.52.
“Very strong movements on the markets for SEI. I expect this to break through this resistance zone, and if it does, then I suspect we’ll see this one hit the all-time high in the next four to six weeks. Imitating SUI.
SEI is trading at $0.4892 at the time of writing, down 4.5% in the last 24 hours. SEI reached an all-time high of $1.14 in March.
Next, the analyst believes that Ethereum (ETH)-based decentralized oracle provider Chainlink (LINK) could rise by more than 23% from its current value after breaking through a resistance level.
“A huge round of LINK at $13 here. I expect bullish momentum to occur and we consider $18 as our next target. The low on LINK is reached. It’s still a great opportunity.
LINK is trading at $14.60 at the time of writing, down 3.6% in the last 24 hours.
Finally, the analyst claims that the Ethereum scaling solution native asset Optimism (OP) could climb double digits if it manages to break through a key resistance level at $2.
“The markets are ready to burst. The old Layer 1s have evolved a lot, now it’s time for Layer 2 to follow. OP is one of them. I expect a 60% move once this resistance is broken.
OP is trading at $1.77 at the time of writing, up 4% in the past week.
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