Trader Michaël van de Poppe Says Solana Rival To Explode by Nearly 70%, Updates Outlook on Bitcoin and Ethereum
A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a double-digit breakout.
Crypto trader Michaël van de Poppe tells his 740,700 followers on the social media platform X that Aptos (APT) may surge by more than 65% from its current value after breaking out of a key resistance level.
He also believes the announcement that Aptos will support stablecoin USDC on its blockchain is a bullish catalyst.
“APT is one of those chains with a massive capacity to facilitate transactions. The price action looks excellent too. Broke a significant resistance zone and great news is coming in! Holding above there we’ll likely see a run towards $17 and $20.”
APT is trading for $12.09 at time of writing, up nearly 22% in the last 30 days.
Next up, the analyst predicts that Bitcoin (BTC) will tag $100,000 on Friday. However, he warns there may be a sudden pullback afterward.
“Bitcoin is going to hit the $100,000 [November 22nd]. Absolutely insane. However, the coming corrections are going to be flash crashes and those moments are the ones to be stepping in if you aren’t already.”
Source: Michaël van de Poppe/X
Next up, the analyst says that altseason, when altcoins start to outperform Bitcoin, will likely begin once Bitcoin and alts have a correction.
“The theory still stands on BTC. We’ll have a massive sweep/flash crash downwards causing altcoins to drop massively. From that point, rotation game happens and we’re having a multi-month altseason. Before that happens, $100,000 per one Bitcoin is around the corner.”
Source: Michaël van de Poppe/X
Looking at his chart, the trader suggests Bitcoin may retrace to the $85,327 level.
Bitcoin is trading for $98,797 at time of writing, up 1.7% in the last 24 hours.
Lastly, the analyst says that Ethereum (ETH) is potentially on the verge of breaking out against Bitcoin as the ETH/BTC trading pair shows a bullish divergence on the daily chart.
A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.
“A massive bullish divergence starts to wake up on ETH. It’s a great sign.”
Source: Michaël van de Poppe/X
The analyst suggests if ETH/BTC flips 0.036 BTC into support it will confirm a bullish reversal has started.
ETH/BTC is trading for 0.03340 BTC ($3,297) at time of writing, down 2.45% in the last 24 hours.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Generated Image: Midjourney
The post Trader Michaël van de Poppe Says Solana Rival To Explode by Nearly 70%, Updates Outlook on Bitcoin and Ethereum appeared first on The Daily Hodl.