Popular analyst Michael van de Poppe, known for his predictions for Bitcoin (BTC) and altcoins, shared with his followers the levels to follow and target levels in four altcoins.
Having examined Polygon (MATIC), Near Protocol (NEAR), Solana (SOL) and Sui (SUI), Poppe evaluated MATIC first.
1-Polygon (MATIC)
Stating that Polygon lagged behind SOL and Avalanche (AVAX) but gained upward momentum again, Poppe said that the $ 0.89-0.96 levels are important for MATIC.
At this point, the analyst said that MATIC could make a possible correction up to these levels, and argued that in case of a correction, these levels would be ideal for entry.
Poppe said that after a possible correction, MATIC will start an upward move towards $1.30.
MATIC continues to trade at $1.01 at the time of writing.
2- Near Protocol (NEAR)
Pointing out that NEAR has recently experienced an increase of over 100%, Poppe said that NEAR will go horizontal before another upward wave occurs.
Stating that he will wait for the NEAR price to fall below $ 3.40 for re-entry, the analyst said:
“NEAR has had a huge rally, up over 100%.
Expect a longer period of consolidation before another momentum is likely to emerge.
In this context, I am not interested in NEAR until the correction in price reaches $3.40 and then I will look for potential entries.”
NEAR continues to trade at $3.89 at the time of writing.
3-Sui (SUI)
Stating that SUI is also gaining momentum along with Ethereum-based altcoins Arbitrum (ARB) and Optimism (OP), Poppe said that SUI is ready to rise against BTC.
“Ecosystems are warming up and waking up with SUI, ARB and OP.
Here, the SUI/BTC pair looks ready to make a nice bullish test again in the 0.00001710 region.
If this happens, SUI will begin an uptrend towards 0.00003000 BTC.”
SUI continues to trade at $0.83 at the time of writing.
4-Solana (LEFT)
Poppe, who last examined Solana, the star of 2023, said that SOL experienced a tremendous rise in two months, increasing by over 500%.
Stating that interest has now shifted to Ethereum and other altcoins, the analyst said that the next long-term entry levels for SOL are between $70-80.
“Solana is up tremendously, up more than 500% in two months.
As interest shifts towards ETH and other altcoins, SOL has probably completed its rise for now.
I would be interested in long-term entries into Solana at $70-80.”
SOL, which went up to $126, continues to be traded at $107 at the time of writing.
*This is not investment advice.