Ethereum

Bitcoin

Polkadot

Chainlink

Time

Renowned market expert Michael Van de Poppe has recently shared his insights on the current state of the cryptocurrency market, highlighting potential breakout opportunities for altcoins.&nbsp; 
As the largest cryptocurrency on the market, Bitcoin (BTC), consolidates in a <a href="https://www.newsbtc.com/bitcoin-news/bitcoin-volatility-reaches-historic-low/" target="_blank" rel="noopener ">price range </a>between $67,000 and $70,000, Van de Poppe’s latest market update suggests that this may be the ” final time” to invest in altcoins before a potential breakout.&nbsp; 
<h2 id="altcoins-analysis">Altcoins Analysis</h2> 
In a series of social media <a href="https://x.com/CryptoMichNL/status/1799758541713993907" target="_blank" rel="noopener nofollow">posts</a>, Van de Poppe analyzes specific altcoins, including Sui (SUI), Chainlink (LINK), Floki Inu (FLOKI), Fantom (FTM), and Polkadot (DOT), offering valuable insights for investors. 
One of the altcoins that has caught Van de Poppe’s attention is SUI, which, according to his analysis, has shown strength in the market with a <a href="https://www.newsbtc.com/analysis/xrp/xrp-price-aims-0-550/" target="_blank" rel="noopener ">higher low</a> formation. Van de Poppe suggests that if momentum provides a breakout above $1.17, SUI could continue its uptrend toward $1.60 (currently trading at $1.067). 
Chainlink (LINK) is another altcoin Van de Poppe considers “heavily undervalued.” Drawing on historical data, he points out that LINK has delivered a 150% return in previous cycles, making it an attractive investment opportunity at its current trading price of $16.037. 
<img loading="lazy" decoding="async" class="size-large" src="https://www.tradingview.com/x/zjKU78VC/" alt="Altcoins" width="1815" height="858"> 
However, Van de Poppe also advises caution with certain altcoins. For instance, FLOKI, despite its substantial 1200% increase since the beginning of its recent run, carries a “higher risk of a heavy correction.” He suggests that interested investors wait for a 30-40% correction before considering an investment. 
Van de Poppe also draws attention to Fantom’s native token FTM, which has been forming lower highs and <a href="https://www.newsbtc.com/news/banks-bust-bitcoin-booms-price-skyrockets-40-during-us-banking-crisis/" target="_blank" rel="noopener ">lower lows.</a> With multiple tests of the $0.60 support, a price breakdown seems likely. If a breakdown occurs, he identifies two potential areas of interest between $0.4924 and $0.6113 for swing trading. 
<h2 id="crucial-support-levels-for-ethereum">Crucial Support Levels For Ethereum&nbsp;</h2> 
Regarding Polkadot, Van de Poppe highlights its potential as a market leader in the <a href="https://www.newsbtc.com/meme-coin/notcoin-falling-wedge-triangle/" target="_blank" rel="noopener ">Real-World Asset</a> (RWA) sector. He emphasizes that Polkadot is currently undervalued and is in the process of implementing RWA within its ecosystem. Despite the price not reflecting the “thriving ecosystem,” Van de Poppe expects this will change. 
In addition to these lower-cap altcoins compared to the largest, Van de Poppe provides <a href="https://x.com/CryptoMichNL/status/1800090798500851908" target="_blank" rel="noopener nofollow">insight</a> into Ethereum (ETH). In a separate analysis, the market expert suggests that ETH is looking for a higher low and expects confirmation of S-1 filing approval for the long-awaited Ethereum ETFs in the US in the coming weeks. 
Interestingly, on the 3-day <a href="https://www.newsbtc.com/news/bitcoin/buy-or-sell-bitcoin-now-ultimate-bias-guide/" target="_blank" rel="noopener ">Ethereum/BTC</a> chart, Van de Poppe identifies the 0.05-0.051 BTC range as a key support area for Ethereum. 
<img loading="lazy" decoding="async" class="size-large wp-image-612310" src="https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=860&amp;resize=860%2C457" alt="Altcoins" width="860" height="457" srcset="https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=1617 1617w, https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=860&amp;resize=860%2C457 860w, https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/06/GPs1CrzWEAAu4j9.png?w=1140 1140w" sizes="(max-width: 860px) 100vw, 860px" data-recalc-dims="1"> 
Featured image from DALL-E, chart from TradingView.com

Last Chance: Market Expert Reveals Why Now Is The Perfect Time To Invest In These 5 Altcoins

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