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 A widely followed crypto analyst says altcoins are ready for the next big leg up while predicting a huge rally for one Chainlink (LINK) competitor.
 In a new thread, crypto strategist Michaël van de Poppe tells his 692,000 followers on the social media platform X that altcoins could double up in the coming months.
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 Van de Poppe says the TOTAL3 chart, which tracks the total market cap of all crypto excluding Bitcoin (BTC) and Ethereum (ETH), appears to have printed a bullish higher low setup at around $450 billion.
 “Altcoins are ready to have their next push and could possibly go 2x in the next months. Crucial areas holding, through which a higher low is established and the next push could start.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFZnzjmW0AAlb0q?format=jpg&amp;name=4096x4096" alt="GFZnzjmW0AAlb0q" width="1063" height="499">
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 Source: Michaël van de Poppe/X
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 At time of writing, TOTAL3 is trading at $481 billion.
 Van de Poppe goes on to say that he believes Bitcoin will rally to the $48,000 to $50,000 level before its April halving when BTC miners’ rewards are cut in half.
 After the rally, the analyst predicts that Bitcoin will witness a correction down to $38,000, which he notes will give altcoins the room to make a new run to the upside.
 “My general theory is that Bitcoin is consolidating in the coming months. Pre-halving a final run towards resistance at $48,000-50,000, after that another correction to $36,000-38,000 and from there altcoins to continue outperforming Bitcoin.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFbRiFwXcAAOdGl?format=jpg&amp;name=medium" alt="GFbRiFwXcAAOdGl" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
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 Bitcoin is trading for $42,686 at time of writing.
 Concluding his <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> with Chainlink rival API3 (API3), Van de Poppe says that the decentralized oracle provider is “waking up” and heading toward a price tag of between $4.60 and $4.80 as long as it can maintain its support around $2.50.
 “Oracles are starting to fire up, as PYTH and LINK have been showing a tremendous amount of momentum. API3 is also waking up, as we can see with the recent push. As long as it stays above $2.50, I think a rally to $4.60-$4.80 is possible.”
 <figure id="attachment_190710" aria-describedby="caption-attachment-190710" style="width: 100%" class="wp-caption alignnone"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GFZnh4CWkAAmATv?format=png&amp;name=4096x4096" alt="GFZnh4CWkAAmATv" width="1063" height="499">
 <figcaption id="caption-attachment-190710" class="wp-caption-text">
 Source: Michaël van de Poppe/X
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 API3 is trading for $3.14 at time of writing.
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Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-altcoins-ready-to-witness-next-push-to-the-upside-predicts-rallies-for-chainlink-challenger-tbt78968.html">https://thebittimes.com/trader-says-altcoins-ready-to-witness-next-push-to-the-upside-predicts-rallies-for-chainlink-challenger-tbt78968.html</a>

Trader Says Altcoins Ready To Witness Next Push to the Upside, Predicts Rallies for Chainlink Challenger

TheBitTimes

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