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Popular analyst Michael van de Poppe, known for his predictions for Bitcoin and altcoins, shared with his followers the levels to follow in four altcoins.
Having examined Chainlink (LINK), Arbitrum (ARB), TAO and INJ, Poppe first evaluated ARB.
1-Arbitrum (ARB)
Stating that the important levels for Arbitrum are $ 1.15 and $ 0.91, Poppe said that ARB increased but experienced a correction from the level of $ 1.15. However, Poppe stated that ARB is looking for new peaks from here to $1.36 and will reach them.
2-Injective (INJ)
Stating that Injective shows great strength, the analyst said that if INJ is to make a retest, the $ 15.30-15.75 region must be kept.
The analyst stated that if there is a correction in this area and this area is held, this area is a long-term entry zone.
Poppe recently stated that if INJ breaks the $19 high, the price could reach $22.
3-Chainlink (LINK)
Stating that Chainlink showed great strength along with the markets, the analyst said that if there is a correction to the level of $ 12.50-13.20 and it holds, $ 20 will be seen in LINK.
Request 03 – $LINK
Massive strength on the markets, and also on Chainlink.
I'm not sure whether we'll be seeing the level at $12.50-13.20.
If we do, then I'm interested to buy the dip before $LINK goes to $20. pic.twitter.com/ipd8C9p1jj
— Michaël van de Poppe (@CryptoMichNL) November 16, 2023
4-TAO
Finally, the analyst who examined TAO stated that TAO is one of the top earners recently.
According to the analyst, TAO appears as a very promising project for the coming period.
“The entry level for TAO for trading purposes may be at $158. However, if there is a decline, $135-145 would be a good entry level. TAO will continue to rise and the first target for TAO will be $210-220.”
Request 04 – $TAO
One of the largest gainers recently and is, to me, a very promising project for the upcoming cycle.
For trading purposes; an agressive entry can be taken at $158, but defensive $135-145 with a first target of $210-220. pic.twitter.com/gp0jPFTNKh
— Michaël van de Poppe (@CryptoMichNL) November 16, 2023
*This is not investment advice.