LINK, SUI, ARB, and ATOM Worth Predictions: What’s Subsequent for the Tokens?

• If LINK accumulation will increase, the worth might double in a number of months.
• SUI might fall beneath $1 whereas ARB entries may very well be between $1.40 and $1.85.
• ATOM may get away to $26 if it holds the $7.50 to $9.00 vary.

Crypto analyst Michaël van de Poppe posted his predictions about some cryptocurrencies, together with Chainlink (LINK), Sui Community (SUI), Arbitrum (ARB), and Cosmos (ATOM).

For LINK, van de Poppe famous that the token might proceed its uptrend within the coming months. He additionally talked about that the worth might hit as excessive as $25 to $30.

LINK’s Potential Stays Bullish

LINK’s value at press time was $15.20. So, if it runs to $30, it means the cryptocurrency’s value might shut in on a 2x inside a number of months.

A take a look at the 4-hour chart confirmed that LINK’s volatility jumped in the previous couple of days. Nevertheless, indications from the Bollinger Bands (BB) confirmed that the volatility had lowered. In a extremely bullish case, LINK has the potential to achieve $16.50 within the brief time period.

But when promoting strain will increase, the worth might fall again to $14.45. In the meantime, the Accumulation/Distribution (A/D) indicator was 114.62 million. 

An evaluation of the A/D confirmed that over 2 million LINK tokens have been accrued since January 1. Ought to the buildup proceed to outpace distribution, then LINK may breakout and head towards $25.

SUI Sub $1 Might Be a Steal

For SUI, the analyst famous {that a} correction may lead it beneath $1. He, nevertheless, talked about that the worth might run upwards a lot later. So, market members must be trying to purchase the dip.

SUI went by way of an 8.24% correction within the final 24 hours, bringing the worth right down to $1.02. On January 15, SUI reached a brand new excessive of $1.43.

Nevertheless, the surge led holders of the token to take some revenue, main the RSI to 33.40. The RSI studying suggests excessive bearish momentum. But when the studying falls beneath 30.00, SUI could be overbought.

On this occasion, the worth might reverse upwards. Additionally, if there is a rise in purchase bids, the 1.618 Fibonacci degree reveals that SUI may hit $1.69.

ARB to Bear Deeper Correction

When van de Poppe talked about ARB, he famous that the token was present process a obligatory correction. However on a constructive notice, he added {that a} run to $3 may very well be inevitable. So, merchants ought to stay up for having entries round $1.40 to $1.85.

From the 4-hour chart, the 9-day EMA (blue) was at $1.80. The 20-day EMA (yellow), however, was at $1.83. Since ARB has damaged beneath each EMAs, it implies that the worth might proceed to lower.

As van de Poppe identified, ARB might drop as little as $1.40. Within the meantime, market gamers ought to be careful for the $1.65 area which appears to be a big focal point.

ATOM to $26?

In accordance with the analyst, ATOM has been lagging. However he additionally famous if the worth maintains its keep beneath $7.50 and $9.00, it might get away to $22 to $26.

Coin Editon thought of the ATOM/USD 4-hour chart and noticed that there have been makes an attempt to rise to $10. Nevertheless, the resistance at $9.95 ensured that the efforts had been rejected. 

ATOM had additionally dropped beneath the $9.55 assist, confirming that the worth motion was weak. Moreover, alerts from the Aroon indicator confirmed that the worth might nonetheless lower. 

This was as a result of the Aroon Down (blue) was 100% whereas the Aroon Up (orange) was 50%. A state of affairs like this infers that sellers are aggressive in comparison with consumers. 

Nevertheless, there’s a likelihood that sellers may get exhausted. When this occurs, bulls may capitalize on the chance and doubtless ship ATOM within the $22 path.