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In an X post shared yesterday, the renowned cryptocurrency trader and analyst Michael van de Poppe shared some of the tokens that have caught his attention. According to the post, van de Poppe pointed out Arbitrum (ARB), Injective (INJ), and Chainlink (LINK) as his top 3 altcoin picks for the next bull run.
Request 01 – $ARB
— Michaël van de Poppe (@CryptoMichNL) November 16, 2023
Update on this one, which didn't really hit the exact levels as mentioned in the chart, but the theory remained the same.
Had a correction and retest and is now seeking for new highs at $1.36. pic.twitter.com/b7hTz664as
Although ARB did not exactly hit the levels van de Poppe predicted earlier, the theory remained the same. With the altcoin’s recent correction and retest, his analysis pointed out that ARB has now the potential to target a new high of $1.36.
ARB / Tether US 1D (Source: TradingView)
Van de Poppe’s warning about a correction might already be in play as ARB’s price slipped by over 6% in just the past 24 hours. As a result, CoinMarketCap indicated that the altcoin was worth about $1.08 at press time. ARB also saw its price decline by 8.04% in the past seven days.
Request 02 – $INJ
— Michaël van de Poppe (@CryptoMichNL) November 16, 2023
This one is showing a ton of strength.
If there's going to be a retest, then I think the area at $15.30-15.75 is a must-hold area and, therefore, a long zone.
Target might be $22 if it breaks the high. pic.twitter.com/AjrrLI3M59
With regards to INJ, van de Poppe highlighted in his X post that the token is showing “a ton of strength.” He believes that $22 is a very realistic target for the altcoin, although it might look to retest the $15.30-$15.75 level before making the move up.
INJ / Tether US 1D (Source: TradingView)
INJ suffered a very similar fate to ARB as its price plummeted 10.90% throughout the past day. This caused INJ’s trading value to drop to $15.97. Meanwhile, the token’s intraday volume dropped by over 13%, which left it standing at $110,322,807.
Request 03 – $LINK
— Michaël van de Poppe (@CryptoMichNL) November 16, 2023
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
Lastly, van de Poppe also stated that LINK shows “massive strength,” which he believes could propel the cryptocurrency’s price as high as $20. LINK’s price might first dip to $12.50, but the analyst pointed out that this could be the perfect opportunity to buy.
LINK / Tether US 1D (Source: TradingView)
LINK also suffered a more than 8% loss since yesterday, bringing its value down to $13.85 at press time. This means that the token was trading very close to its 24-hour low price of $13.67. Its latest price dip also ended up punching its weekly performance down to -4.09%.
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