A widely followed crypto strategist is outlining what’s on the horizon for XRP, Chainlink (LINK) and one controversial new altcoin.
Looking at the cross-border payments solution first, analyst Michaël van de Poppe tells his 667,200 followers on the social media platform X that he’s waiting for XRP to flash signs of strength.
“Full retrace on this one after the win of the SEC case. Personally, I’m buying strength. This means that I’m looking for a breakout above $0.54. A retest there is a great one for longs.”
Based on the trader’s chart, he appears to predict that XRP will rally above $0.70 if it takes out its immediate resistance at $0.54.
At time of writing, XRP is trading for $0.513.
Next up is the decentralized oracle network Chainlink. According to Van de Poppe, LINK is likely gearing up for bullish continuation after bouncing from its September low of $5.76.
“This one is showing upward momentum, and I think that the bottom is in.
Retests are ready to be bought. If we get a $6.15-6.40 retest, that’s an entry towards $8.”
Looking at the trader’s chart, he appears to predict that LINK could soar as high as $8.59.
At time of writing, Chainlink is worth $6.86.
The last altcoin on the trader’s radar is Worldcoin (WLD), a controversial crypto project that uses iris-scanning technology. Van de Poppe believes that WLD is still in a downtrend, but also that it may offer opportunities for short-lived rallies.
“I’d be looking for a retest lower to get myself going on a trade. Big move upwards and substantial correction since. Aggro approach: $1.35 area. Less aggro: $1.11.”
At time of writing, WLD is trading for $1.38.
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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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