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Cryptanalyst Michael van de Poppe named 3 known altcoins that approached the rebound point
The list is opened by the decentralized network of oracles Chainlink (LINK). Although LINK’s exchange rate behavior is worrying, van de Poppe predicts that in the near future the asset will gain a level of support and begin a rally:
“Link is not currently on the best schedule, but I expect a follow-up move to $12.5, after which there will be a bearish pullback and several repeated tests, and then the bullran will start again”
At the moment, LINK is trading in the range of $7 – $8 and if the forecast is met, the rate may grow by more than 60%.
This is followed by the enterprise-oriented VeChain (VET) blockchain. Although the asset is far from its all-time high, the analyst believes that VET has practically emerged from its bear market:
“VET lost support around $0.045 and began to fall to the high of the previous 2020 cycle. I think that in the near future VET expects to reach the level of resistance and sideways. He’s almost done away with the bear market.”
And rounding out the analyst’s list is the blockchain platform for video sharing Verasity (VRA). Van de Poppe noted that VRA has already experienced a serious bear market, but the altcoin will re-test its lower levels and only then will be able to reverse the trend:
“VRA has experienced a heavy bear market and the final minimum for it may be $ 0.0035, although much depends on the market structure. Overall, I expect to see an upward momentum of the order of 40 to 60% to $0.012, after which there will be a bearish retest.”
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