Crypto analyst Michaël van de Poppe shared his insights on several cryptocurrencies, predicting bullish trends for some and cautioning on others.
NEAR: A Bull Run on the Horizon?
Van de Poppe believes the layer-1 protocol Near (NEAR) is nearing the end of its accumulation phase and is poised for a significant price increase. He sees the current price action as a classic altcoin bull run pattern, suggesting a double-bottom retest is forming, a strong indicator of a price floor before a rally. NEAR is currently trading around $3.45.
XRP: Limited Upside Potential?
While acknowledging XRP’s impressive 500% rally in four weeks, Van de Poppe suggests most of the upside potential may already be realized. He anticipates consolidation before any further significant price increases, advising potential buyers to look for dips in the $1.50-$2.25 range. XRP is currently priced at $2.57.
SUI: Long-Term Bullish, But with Risks
Van de Poppe remains bullish on Sui (SUI) in the long term, predicting a potential 9x rally if a full bull cycle materializes. However, he warns of a possible drop to $1.50, representing a 40-50% loss. Conversely, a successful bull cycle could yield returns of 300-800%. SUI is trading at $3.41.
Sonic (S): Riding a Strong Uptrend
Van de Poppe is optimistic about Sonic (S), another layer-1 altcoin, noting its strong upward trend and significant social media buzz. He believes the uptrend will continue, suggesting buying dips in the $0.675-$0.775 range. Sonic is currently priced at $0.86.
Disclaimer: This information is for general knowledge and shouldn’t be considered financial advice. Always do your own research before investing in cryptocurrencies./p>
