While the decline in Bitcoin (BTC) and altcoins continues to deepen, popular analyst Michael van de Poppe, known for his successful analysis, shared with his followers the levels to follow and target levels in four altcoins.
Having examined Arbitrum (ARB), Chainlink (LINK), Cosmos (ATOM) and Sui (SUI), Poppe first evaluated ARB.
1-Arbitrum (ARB):
Stating that the correction in Arbitrum continues, the analyst argued that $ 1.40-$ 1.85 in ARB is a good entry level in the rise to $ 3.
“I mentioned that corrections were taking place in the ARB.
“This zone between $1.40-$1.85 is a good opportunity zone to enter where I would look to buy ARB before a potential rally towards $3.”
2-Chainlink (LINK):
The analyst stated that LINK is ready to rise and that he expects levels of 25-30 dollars.
Request 01 – $LINK | @chainlink
This one looks primed for continuation.
The $BTC pair is making higher highs, higher lows & held a higher timeframe support level.
Expecting a breakout to $25-30 in the coming months to occur. pic.twitter.com/JIIJ1QgB2H
— Michaël van de Poppe (@CryptoMichNL) January 21, 2024
3-Cosmos (ATOM):
Stating that Cosmos, like Polkadot, is behind, the analyst stated that if ATOM holds on to the area between $ 7.50 and $ 9.00, it may rise to $ 22-26 in the next rise.
Cosmos has been lagging behind like Polkadot.
Crucial area to hold, if this area between $7.50-9.00 is going to hold, likely a breakout to $22-26 seems next. pic.twitter.com/WK9EgBcHid
— Michaël van de Poppe (@CryptoMichNL) January 21, 2024
4-Sui (SUI):
Stating that there was a general correction in Sui, Poppe stated that the current level is the most suitable area for entry.
“There is also a general correction in Sui, which is a good thing.
Before the upward trend continues, current levels become the most suitable area for entries.
Buy the dips.”
Request 05 – $SUI | @SuiNetwork
This one is also having a general correction, which is fine.
The optimal zone for entries is coming up, before the upwards trend is continuing.
Buy the dips. pic.twitter.com/bmYY0uY7oG
— Michaël van de Poppe (@CryptoMichNL) January 21, 2024
*This is not investment advice.
