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Popular analyst Michael van de Poppe, known for his predictions for Bitcoin ($BTC) and altcoins, shared with his followers the levels to follow and target levels in four altcoins.
Having examined Polygon (MATIC), Near Protocol ($NEAR), Solana ($SOL) and Sui ($SUI), Poppe evaluated MATIC first.
1-Polygon (MATIC)
Stating that Polygon lagged behind $SOL and Avalanche ($AVAX) but gained upward momentum again, Poppe said that the $ 0.89-0.96 levels are important for MATIC.
At this point, the analyst said that MATIC could make a possible correction up to these levels, and argued that in case of a correction, these levels would be ideal for entry.
Poppe said that after a possible correction, MATIC will start an upward move towards $1.30.
MATIC continues to trade at $1.01 at the time of writing.
Request 01 – $MATIC
Lagging behind on $SOL and $AVAX but starting to get momentum.
Anything in the $0.89-0.96 region is an excellent entry at a retest.
Continuation seems likely towards $1.30. pic.twitter.com/dTWhvqvcHU
— Michaël van de Poppe (@CryptoMichNL) December 28, 2023
2- Near Protocol ($NEAR)
Pointing out that $NEAR has recently experienced an increase of over 100%, Poppe said that $NEAR will go horizontal before another upward wave occurs.
Stating that he will wait for the $NEAR price to fall below $ 3.40 for re-entry, the analyst said:
“$NEAR has had a huge rally, up over 100%.
Expect a longer period of consolidation before another momentum is likely to emerge.
In this context, I am not interested in $NEAR until the correction in price reaches $3.40 and then I will look for potential entries.”
$NEAR continues to trade at $3.89 at the time of writing.
Request 02 – $NEAR
Massive run upwards as it rallied with more than 100%.
Expect a more extended period of consolidation before another impulse is likely to occur.
In that regard, not interested until we reach <$3.40, and then I'm looking for potential entries. pic.twitter.com/lRJ8MAc1NL
— Michaël van de Poppe (@CryptoMichNL) December 28, 2023
3-Sui ($SUI)
Stating that $SUI is also gaining momentum along with Ethereum-based altcoins Arbitrum ($ARB) and Optimism (OP), Poppe said that $SUI is ready to rise against $BTC.
“Ecosystems are warming up and waking up with $SUI, $ARB and OP.
Here, the $SUI/$BTC pair looks ready to make a nice bullish test again in the 0.00001710 region.
If this happens, $SUI will begin an uptrend towards 0.00003000 $BTC.”
$SUI continues to trade at $0.83 at the time of writing.
Request 03 – $SUI
The ecosystems are heating up, and $SUI is waking up alongside $ARB and $OP.
Looking for the $BTC pair here, which is ready to do a beautiful retest at the 0.00001710 area.
If that holds, an uptrend likely starts to 0.00003000 $BTC. pic.twitter.com/zWfDcHAJDB
— Michaël van de Poppe (@CryptoMichNL) December 28, 2023
4-Solana (LEFT)
Poppe, who last examined Solana, the star of 2023, said that $SOL experienced a tremendous rise in two months, increasing by over 500%.
Stating that interest has now shifted to Ethereum and other altcoins, the analyst said that the next long-term entry levels for $SOL are between $70-80.
“Solana is up tremendously, up more than 500% in two months.
As interest shifts towards $ETH and other altcoins, $SOL has probably completed its rise for now.
I would be interested in long-term entries into Solana at $70-80.”
$SOL, which went up to $126, continues to be traded at $107 at the time of writing.
Request 04 – $SOL
Massive upward run, it rallied by more than 500% in two months.
Rotation is happening towards $ETH and other ecosystems, so probably $SOL is done for now.
Higher timeframe trading; interested at $70-80 for long-term entries. pic.twitter.com/1eis2RfSBr
— Michaël van de Poppe (@CryptoMichNL) December 28, 2023
*This is not investment advice.