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Van de Poppe Looks Into Five Altcoins: LINK, NEAR, LOOKS, RSR, AUDIO

Michaël van de Poppe, a leading crypto analyst, is looking into what the next moves could be next for Chainlink (LINK), NEAR Protocol (NEAR), LooksRare (LOOKS), Reserve Rights Token (RSR) and Audius (AUDIO).

Chainlink (LINK)

The analyst shared with his 580.4K followers on Twitter that Chainlink looks like one to outperform Ethereum (LINK/ETH).

“The goal is not to outperform BTC, but to outperform ETH.

I still think that LINK is a massive one to have in your portfolio.”

At the time of writing, LINK trades at 0.00492 ETH, down 1% on the daily chart.

NEAR Protocol (NEAR)

The analyst then turns his focus on smart contract platform NEAR Protocol, and notes that NEAR is beginning to form bullish momentum.

“This one is showing some momentum here.

Crucial support to hold and potential buy the dip opportunity: area around $14.

Resistance points: $18 and $20 zone.”

At the time of writing NEAR trades at $16.12, down 8.3% on the daily.

LooksRare (LOOKS)

Next up is LOOKS, the native token of non-fungible token (NFT) marketplace LooksRare. The analyst notes that LOOKS has been trading within a wide range between $2 and $3.50.

“A bit in between levels.

A clear resistance point can be found around the $3.50 barrier here.

A clear support point can be found at $2. In between, based on the daily timeframe.”

At the time of writing, LOOKS trades at $1.91, down 12% on the daily.

Reserve Rights Token (RSR)

Reserve Rights Token (RSR) is cryptocurrency that facilitates the stability of the asset-backed stablecoin known as the Reserve Token (RSV). The analyst is interested in RSR’s price action against Bitcoin (RSR/BTC), which he believes is at a possible inflection point.

“Very simple chart at this point.”

Looking at the analyst’s chart, RSR/BTC should flip resistance at 0.00000005 BTC to support in order to continue a bullish momentum. If that doesn’t happen, RSR could correct down to 0.00000037 BTC levels. At the time of writing, RSR trades at 0.0000003807 BTC.

Audius (AUDIO)

Van de Poppe’s last altcoin on the list is Audius (AUDIO), a decentralized sharing and streaming protocol for audio files. The analyst projects AUDIO to remain bullish after clearing resistance at $1.25.

“This one is looking decent. Could even be continuing towards $2.25. Looking at $1.25 for dip buys on this one.”

At the time of writing, AUDIO trades at $1.49.

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