Altcoins

LINK, ADA, CRV & SKL: Best Time to Accumulate These Altcoins Amidst Crypto Crash! Here’s Why

Written by: Nidhi Kolhapur

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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May 9, 2022

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The entire satoshi street is red; Bitcoin extended its decline during the weekend and is now on track for its sixth successive weekly loss. This pattern occurred for the first time since 2014. The BTC bears have pulled down the entire crypto markets and thus the market capitalization has dipped below $1.6 trillion.

In a recent youtube video, Popular Crypto Analyst Michael Van De Poppe, Shared the top 4 altcoins that are best to accumulate this crypto crash. 

LINK/USDT

According to Poppe, after a month of consolidation at the lower lows and getting the lower highs, LINK got pumped. In fact, the trend is currently acting as the ultimate bear cycle stage. He says that LINK Price is currently in a position that can potentially generate favorable returns for long-term investors.

As per the analyst, It is the right time to start accumulating that from here all the way towards $7, averaging, you get that for $9, and the all-time high is $52. If the downwards risk is approximately 30% to 50%, the upside potential is at least 500%. 

I think it’s always a plus if the project is fundamentally still doing well, says Poppe

CRV/USDT

Poppe stated that CRV Price must stay above the support level at $1.93 to ignite a bullish momentum. If the tokens gain bullish momentum and surge above $2.20, CRV Price will likely hit $3 in an extended bull run. Further, the price may retest the $3.50 level and potentially have a bullish continuation in which we are eager to crack these highs here at $6.00.

Also Read : Bitcoin 3-Day Death Cross! BTC Price To Plunge More In Coming Days

SKL/USDT

According to analyst, the SKL Chart depicts that SKL/USDT will likely retest the lows again. And This level can be the entry zone that can trigger massive profits in the coming years. 

SKL Price might see more sideways action hovering between $0.10  to $0.13. Overall this could be a positive sign for the new investors to enter the trade. Traders can exit taking profit at 0.30 & $0.40 levels. Poppe stated that SKL can potentially ignite a 5x rally if bulls manage to recover a key price area.

ADA/USDT

As per Poppe, Traders can accumulate Cardano somewhere in the $0.70 range, with the potential for rallying to his target above $1.00. If the bulls fail to move above $1, then ADA Price will likely drop to $0.38 which remains the second accumulation zone.

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Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

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