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.
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X , Facebook and Telegram
Surf The Daily Hodl Mix
Generated Image: Midjourney
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Trump and Wall Street: How long will the love affair last?
Share link:In this post: Wall Street loved Trump’s win at first—stocks jumped, Bitcoin soared, and borrowing costs hit rock bottom, but some sectors started cracking fast. Tax cuts and deregulation made financial and energy stocks shoot up, but tariffs and plans to deport workers freaked out economists and markets. Tariffs mean higher prices for Americans, and even Walmart’s warning it’ll have to raise prices if Trump pushes through with his trade war.
OpenAI could face a bigger problem than Elon Musk’s lawsuit against it
Share link:In this post: OpenAI’s much bigger threat comes from government regulation since it has more power than Elon Musk. If the government chooses to investigate the shift of OpenAI from a non-profit to a Public Benefit Corporation, there will be severe repercussions. The AI company’s dual model has sparked controversies
Spot Bitcoin ETFs see record $2.42B inflows as Chinese ETFs suffer historic $2B outflows
Share link:In this post: Spot Bitcoin Exchange Traded Funds saw almost $2.5 billion in investments in a single week. However, the Chinese ETFs have seen a series of outflows, amounting to $2 billion worth of withdrawals. The Bitcoin rally helped elevate the spot ETF market, especially with Bitcoin close to reaching $100000.
The clash of Bitcoin and benchmark stock indexes
Share link:In this post: The S&P 500 is up 25% this year, with financial and cyclical stocks leading, boosted by optimism around a Trump administration and steady economic growth. Bitcoin has surged 40% this month, nearing $100,000, driven by aggressive trading, retail investor enthusiasm, and headlines hinting at government support. MicroStrategy’s stock hit a $100 billion market cap, tripling its Bitcoin holdings’ value, but its wild 32% drop from intraday highs shows cracks in the frenzy.
Trending news
MoreCrypto prices
More
