Michaël van de Poppe Predicts a Bullish Phase for This Ethereum (ETH) Rival, Says XRP (XRP) and Sui (SUI) Face Key Tests

Widely followed crypto strategist Michaël van de Poppe believes that one Ethereum (ETH) rival is in a position to ignite a real bullish phase.

Michaël van de Poppe, a crypto strategist with a large following, has identified one Ethereum (ETH) competitor that he believes is poised to begin a genuine bull phase.

Van de Poppe updates his 776,000 followers on the social media platform X, revealing that layer-1 protocol Near (NEAR) appears to be forming a cycle bottom.

The analyst explains that NEAR is probably in the final stages of its accumulation phase before starting a bull run.

“This is the typical chart of a standard Altcoin bull run.

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.”

A double bottom pattern is a bullish reversal formation that shows an asset establishing a price floor before launching an upswing burst. NEAR is trading for $3.45 at the time of this writing.

The trader examines the payments altcoin XRP next, noting that the coin has already seen substantial gains this cycle and that any remaining upside potential will probably be limited. However, he adds that XRP might do the unexpected and spark another significant rally.

“In four weeks, the price rallied by 500% on a $30 billion asset.

My best guess is that most of the upside is captured already and only the laggards are buying in at these levels.

My second best guess is that we’ll consolidate before we continue to go up, which probably takes time. In that sense, you still want to be buying the dip if you’re interested in this one.

The question is, where?

Anywhere in the lower areas of the range, so let’s say $1.50-2.25. That’s a good region.”

At the time of writing, XRP is valued at $2.57.

Moving on to the smart contract platform Sui (SUI), Van de Poppe expresses long-term optimism for the altcoin but cautions against a drop to $1.50. He also thinks that SUI might experience a 9x rally if it manages to pull off a real bull cycle.

“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…

Invalidation? Sub $1.50… If it loses the trend sub $1.50 -> your potential loss is 40-50%. If it really turns into a bull cycle, then your upside might be 300-800%.”

SUI is trading for $3.41 at the time of this writing.

The final altcoin on the trader’s radar is fellow layer-1 altcoin Sonic (S). According to Van de Poppe, Sonic is in a strong uptrend that he anticipates will carry it past $1.

“The new, shiny, diamond in the markets.

Strong bullish trend and a lot of momentum on social media.

Likely not going to stop in the coming period.

From a trader’s perspective, I think that you’d be willing to buy the dips… So then the region between $0.675-0.775 is the area to go for…

Targets? New highs. Uptrend is clear.”

S is worth $0.86 at the time of writing.

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