Cryptocurrency analyst Michaël van de Poppe, known for his insightful market analysis, recently shared his thoughts on some altcoins that he believes have the potential to make significant moves in the near future. One of the coins that caught his attention is Near (NEAR), a layer-1 protocol that he believes is on the verge of starting a bullish phase.
According to van de Poppe, NEAR is currently in the final stages of its accumulation phase before embarking on a bull run. He highlighted a double-bottom pattern on the chart, indicating a potential price floor formation before a significant upward movement. At the time of writing, NEAR is trading at $3.45.
Moving on to XRP, van de Poppe acknowledged the massive gains the coin has already made in this cycle. While he believes that most of the upside potential may have been realized, he also mentioned the possibility of another rally in the future. He suggested buying the dip in the lower price range of $1.50-2.25, with XRP currently priced at $2.57.
When it comes to Sui (SUI), a smart contract platform, van de Poppe expressed long-term bullish sentiment but warned of a potential drop to $1.50. He also mentioned the possibility of a 9x rally for SUI if it enters a real bull cycle, with the current price at $3.41.
Lastly, van de Poppe discussed Sonic (S), another layer-1 altcoin that he believes is in a strong uptrend. He predicted that Sonic could surpass $1 and advised buying the dips in the price range of $0.675-0.775. At the time of writing, Sonic is priced at $0.86.
In conclusion, van de Poppe’s analysis provides valuable insights into the potential price movements of these altcoins. Investors should consider his observations and conduct their own research before making any investment decisions in the volatile cryptocurrency market.
Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
Check Price Action
Follow us on Twitter, Facebook, and Telegram
Surf The Daily Hodl Mix
Featured Image: Shutterstock/Alexxxey/Mia Stendal