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- Crypto strategist Michaël van de Poppe sees a bullish setup for altcoins like NEAR, XRP, SUI, and Sonic despite market corrections. A double-bottom retest signals possible breakouts, with NEAR showing historical potential for 300-500% surges.
- XRP’s recent 500% surge has slowed, but Van de Poppe suggests a $1.50-$2.25 buy zone for a potential rebound. SUI remains strong but could drop to $1.50 before a 300-800% upside in a full bull cycle.
A widely followed crypto strategist, Michaël van de Poppe, has set his sights on a significant breakout for layer-1 altcoins. With Bitcoin’s dominance hovering near 52%, the possibility of an altcoin rally is increasing. According to him, multiple assets—including NEAR Protocol (NEAR), XRP, Sui (SUI), and Sonic (S)—are lining up for strong bullish moves.
The analyst pointed out that NEAR Protocol, an Ethereum rival, is showing classic signs of an upcoming surge, with trading volume surging over 100%. However, at the time of writing, NEAR suffered a major fall of 14% in the last 24 hours. Despite this major fall, historical patterns suggest potential 300-500% surges from similar setups.
Van de Poppe notes a familiar pattern for altcoins entering a bull cycle. He explains that prices initially surge, then undergoes a full correction before a significant rally begins. Strong upward movements often originate from a double-bottom retest, which is unfolding now. He said:
At first, it runs up, then fully corrects before the real run occurs. Those runs start from the double-bottom retest—that’s happening right now. Good accumulation area.
XRP Surges 500% Within Four Weeks—What’s Next?
Ripple’s XRP has already delivered major gains in this cycle, but according to Van de Poppe, its next move remains uncertain. While the altcoin surged 500% within four weeks, taking its market cap to around $30 billion, the analyst believes that most of the upside has already been captured.
“My best guess is that most of the upside is captured already, and only the laggards are buying in at these levels,” he stated. However, he also left room for the unexpected, noting that XRP could still defy expectations and stage another massive rally.
For those looking to enter, Van de Poppe suggests watching for a price dip between $1.50 and $2.25, calling that range a solid buy zone. At the moment, XRP remains a wildcard with increased institutional adoption—while its short-term upside could be capped, it still has the potential for another breakout if market conditions align.
SUI Holds Strong, But a Major Drop Is Possible
Among the trending smart contract platforms, Sui (SUI) has caught the attention of traders. Van de Poppe remains bullish on SUI for the long term but warns that a sharp decline to $1.50 is still in play.
“This has been one of the trending ones and I think it will continue to show strength… I think that, ultimately, the area at $2.50 is the key zone,” he explained.
If SUI loses the trend and drops below $1.50, it could face a 40-50% decline. On the flip side, if it enters a full bull cycle, the upside potential ranges between 300% and 800%. SUI has also secured its position for the best crypto projects for 2025 list by CNF.
The final layer-1 altcoin on Van de Poppe’s watchlist is Sonic (S), which has been experiencing strong momentum. Describing it as “the new, shiny, diamond in the markets,” the analyst suggests that Sonic’s uptrend is far from over.
