Top Crypto Analyst Van De Poppe Updates Three Altcoins: LINK, MANA And RUNE

A top crypto analyst and trader, Michaël van de Poppe, is looking into three altcoins, Chainlink (LINK), Decentraland (MANA) and THORChain (RUNE), which he believe are ready to move up.

Chainlink (LINK)

The analyst shared with his 604.4K followers on Twitter that Chainlink is could be setting up for an uptick after falling 86% of its all-time high of $53.

“This one is still having a massive correction since the all-time high in 2021.

However, looking like we’ll be having an upwards breakout too.

For that, it has to crack $7.50. If that breaks, I think we’ll be seeing $9 and potentially $10 next.”

Request 02 – $LINK

This one is still having a massive correction since the ATH in 2021.

However, looking like we'll be having an upwards breakout too.

For that, it has to crack $7.50. If that breaks, I think we'll be seeing $9 and potentially $10 next. pic.twitter.com/UBhHsXZPnn

— Michaël van de Poppe (@CryptoMichNL) May 22, 2022

At time of writing, LINK trades at $7.25, up 2.9% on the daily chart.

Decentraland (MANA)

Looking next into MANA, van de Poppe highlights that it should first clear initial resistance at $1.12 in order to trigger a breakout rally.

“Facing low timeframe resistance around $1.12.

If that breaks and we flip if (like the scenario gives), a long trigger is activated towards $1.40.

Supports; $0.99 and $1.04.”

Request 03 – $MANA

This one is a copy/paste of the entire market structure.

Facing LTF resistance around $1.12.

If that breaks and we flip if (like the scenario gives), a long trigger is activated towards $1.40.

Supports; $0.99 and $1.04. pic.twitter.com/xRyEtfUhQs

— Michaël van de Poppe (@CryptoMichNL) May 22, 2022

At the time of writing, MANA trades at $1.04, up 1.1% on the daily chart.

THORChain (RUNE)

The third altcoin on van de Poppe’s list is THORChain (RUNE), which should float above the support at $2.90 in order to have a chance at rallying toward $3.28.

“This one is showing some momentum here, just like everything. 

The BTC pairs are getting crushed, and I think it will last for a bit more (Dominance going up).

However, USD trades can be done. 

Would like to see it hold around $2.90 to avoid further drops.”

Request 04 – $RUNE

This one is showing some momentum here, just like everything.

The $BTC pairs are getting crushed and I think it will last for a bit more (Dominance going up).

However, USD trades can be done.

Would like to see it hold around $2.90 to avoid further drops. pic.twitter.com/WFsU1CvzUe

— Michaël van de Poppe (@CryptoMichNL) May 22, 2022

At the time of writing, RUNE trades at $3.06, up 3.3% on the daily chart.