Trader Michaël van de Poppe Says Solana Rival To Explode by Nearly 70%, Updates Outlook on Bitcoin and Ethereum
A closely followed crypto analyst says that one Solana (SOL) rival may be gearing up for a double-digit breakout.
Crypto trader Michaël van de Poppe tells his 740,700 followers on the social media platform X that Aptos (APT) may surge by more than 65% from its current value after breaking out of a key resistance level.
He also believes the announcement that Aptos will support stablecoin USDC on its blockchain is a bullish catalyst.
“APT is one of those chains with a massive capacity to facilitate transactions. The price action looks excellent too. Broke a significant resistance zone and great news is coming in! Holding above there we’ll likely see a run towards $17 and $20.”
APT is trading for $12.09 at time of writing, up nearly 22% in the last 30 days.
Next up, the analyst predicts that Bitcoin (BTC) will tag $100,000 on Friday. However, he warns there may be a sudden pullback afterward.
“Bitcoin is going to hit the $100,000 [November 22nd]. Absolutely insane. However, the coming corrections are going to be flash crashes and those moments are the ones to be stepping in if you aren’t already.”
Source: Michaël van de Poppe/X
Next up, the analyst says that altseason, when altcoins start to outperform Bitcoin, will likely begin once Bitcoin and alts have a correction.
“The theory still stands on BTC. We’ll have a massive sweep/flash crash downwards causing altcoins to drop massively. From that point, rotation game happens and we’re having a multi-month altseason. Before that happens, $100,000 per one Bitcoin is around the corner.”
Source: Michaël van de Poppe/X
Looking at his chart, the trader suggests Bitcoin may retrace to the $85,327 level.
Bitcoin is trading for $98,797 at time of writing, up 1.7% in the last 24 hours.
Lastly, the analyst says that Ethereum (ETH) is potentially on the verge of breaking out against Bitcoin as the ETH/BTC trading pair shows a bullish divergence on the daily chart.
A bullish divergence, which suggests price will start to increase, occurs when the price of assets records lower lows while indicators, such as the Relative Strength Index (RSI), a momentum oscillator indicator, are witnessing higher lows.
“A massive bullish divergence starts to wake up on ETH. It’s a great sign.”
Source: Michaël van de Poppe/X
The analyst suggests if ETH/BTC flips 0.036 BTC into support it will confirm a bullish reversal has started.
ETH/BTC is trading for 0.03340 BTC ($3,297) at time of writing, down 2.45% in the last 24 hours.
Generated Image: Midjourney
