A widely followed crypto analyst believes that one Ethereum (ETH)-based altcoin is preparing for a major breakout.
Cryptocurrency trader Michael van de Poppe told his 727,900 followers on social media platform The market is performing well, and the outlook for the week is bullish.
He also highlights key levels of resistance on the weekly chart, including $12.20, $16.05, and $18.55.
“Chainlink is still consolidating above key resistance and turning it into support. I think anything between $9 and $11 would be an interesting buy. However, this remains a once-in-a-lifetime opportunity.”
Source: Michael van de Poppe/X
Chainlink is trading at $11.10 at the time of writing, up 4% in the past 24 hours.
Next, he says Bitcoin (BTC) is showing bullishness on the 12-hour chart after rebounding from the $60,000 level.
“As I explained over the past few days, I think Bitcoin is heading for a monthly low in the first week of October. (Friday) is Unemployment Day, so I think it will get quite a bit of attention. Significant Support holding and reversing upwards here shows strength.”
Source: Michael van de Poppe/X
At the time of writing, Bitcoin was trading at $62,117, up more than 2% in the past 24 hours.
Finally, he stated that the layer 1 blockchain SEI (SEI) native asset could trend upwards after rebounding from the key support level at $0.39.
“SEI is looking good. It’s a big correction, but it’s at support so there could be an upside trend from this move. If this is not the case, we expect it to correct to $0.31. If we reverse things here, I think we will follow the path of SUI.”
Source: Michael van de Poppe/X
SEI is trading at $0.41 at the time of writing, up more than 6% in the past 24 hours.
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Disclaimer: The opinions expressed on The Daily Hodl do not constitute investment advice. Investors should perform due diligence before making high-risk investments in Bitcoin, cryptocurrencies, or digital assets. Please note that transfers and transactions are made at your own risk and you are responsible for any losses you may incur. The Daily Hodl does not recommend buying or selling any cryptocurrencies or digital assets. The Daily Hodl is also not an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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