Crypto analyst Michael van de Poppe says traders looking for prime opportunities may find them in Cardano (ADA), Chainlink (LINK), and Near Protocol. Could now be a good time to invest? Is a bullish breakout on the way?
The analyst tells his 589,000 Twitter followers that Cardano may have further to fall as it knocks hard on a big support level.
Van de Poppe says that he expects ADA to drop over 18% from current prices before it sees a macro reversal.
“ADA
Overall, the level of support on $ADA is currently at $0.80.
Honestly, I think we’ll lose that level and get a drop towards $0.65 region (daily order block) before we can reverse, as the liquidity is taken then too.”
Looking at Chainlink, the analyst says the market’s top oracle network is approaching heavily discounted levels, optimal for long-term LINK bulls. Van de Poppe says that a further 40% drop for Chainlink is in the cards and that a break of the $15 mark will be the turning point bulls need.
“LINK
Two things.
1. This one is getting into optimal investment areas.
2. The region around $8-9 is probably best. Not sure whether we’ll be hitting, but that seems likely.
If reclaim $15 happens -> party time.”
Van de Poppe has also got his eye on developer-focused NEAR Protocol. He maps out a possible price trajectory that sees NEAR bounce off the $10, finding support, and then igniting a bull run.
“NEAR
This one is interesting around $10.
Still marked that level down for a potential setup.”
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