Here’s What’s Next for Solana (SOL), Chainlink (LINK) and One Additional Altcoin, According to Crypto Strategist

October 29, 2023

A widely followed analyst and trader is laying out what he thinks is in store for a trio of altcoins including Solana (SOL) and Chainlink (LINK).

Crypto strategist Michaël van de Poppe tells his 669,500 followers on the social media platform X that Ethereum (ETH) rival Solana is in the midst of a strong uptrend that could take the altcoin close to $40.

“Solid strength, solid upward trend.

Wouldn’t be surprised if we reach $36-$39 on this one.

If the markets make a deeper correction, I’d be keen to get some SOL at $26-$28.”

At time of writing, SOL is trading for $31.70.

Next up is the decentralized oracle network Chainlink, which Van de Poppe says is finally doing really well after months of consolidation.

“Broke out of the multi-month range and continues to show strength. I won’t be surprised if we rally towards $12.50-13.00.

If we’ll be getting a deeper correction, buys at $9.60-10.00 on this one before continuation.”

At time of writing, LINK is trading for $10.89.

Another altcoin on the trader’s radar is the layer-2 scaling solution Arbitrum (ARB). Van de Poppe says that he’s expecting more rallies for ARB but a shallow pullback is in the cards.

“I’m expecting bullish continuation on this one.

Preferably, entries around $0.85-0.88 are required before continuation to $1.11.

A renewed test of the resistance at $0.98 is likely going to end up with a breakout to the upside.”