A popular crypto analyst has updated his predictions for a handful of altcoins, including Chainlink (LINK) and Cardano (ADA), amid the current bear market.
Michaël van de Poppe tells his 642,900 Twitter followers that the decentralized oracle network Chainlink is “showing strength” in overcoming resistance.
“We want to hold above $7 to continue, then target $8.50 or $9.25.”
LINK is trading at $7.33 at the time of writing. The 22nd largest crypto asset by market capitalization is up nearly 10% in the last 24 hours and nearly 25% in the last 7 days.
Van de Poppe also believes that Ethereum (ETH) rival Cardano is “still in critical territory.”
At the time of writing, the ADA is trading at $0.307, respecting Van de Poppe’s key support area based on analyst charts.
Van de Poppe also follows the price dynamics of Hedera Hashgraph (HBAR), a public network for peer-to-peer payments. HBAR is just one resistance away from triggering a rally above 14%, according to crypto strategists.
“This looks like the rest of the market. It faces significant resistance and once it breaks, it will open the gate to the next region at $0.06.”
HBAR is switching owners for $0.048 at the time of writing.
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Featured image: Shutterstock/Terablete
