Alt Coin

Here’s What’s Next for Cardano (ADA) and Fantom (FTM) After Latest Crypto Rally: Analyst Michaël van de Poppe

Popular crypto analyst Michaël van de Poppe thinks altcoins will display a wide range of responses to the market’s current price momentum.

Van de Poppe tells his 578,600 Twitter followers that proof-of-stake blockchain Cardano (ADA) is taking liquidity and working upwards into resistance.

Source: CryptomichNL/Twitter

The dealer says the Ethereum (ETH) competitor would possibly proceed to maneuver up in direction of the $1.45 price vary, however he cautions that he “wouldn’t chase a long here.”

ADA is buying and selling at $1.19 at time of writing.

Van de Poppe additionally thinks the native token of one other ETH competitor, Fantom (FTM), may very well be about to scrape up towards resistance.

“This one is showing strength now too after sweeping the lows for liquidity. Looking to see whether we can chase the resistance at $1.50 and that’s going to be a heavy one. Until then we can have some momentum upwards.”

Source: CryptomichNL/Twitter

FTM is buying and selling at $1.40 at time of writing.

Van de Poppe urges warning with high-throughput blockchain Zilliqa (ZIL).

Last week, ZIL surged from round $0.049 all the way in which to a excessive of greater than $0.118. The 87th-ranked crypto asset by market cap is buying and selling at $0.102392 at time of writing.

“Wouldn’t really chase any trade here, wouldn’t short it either until confirmation. For some trades, first level I’d be looking at is the $0.08 region.”

Source: CryptomichNL/Twitter

Conversely, Van de Poppe thinks MANA, the native asset for digital actuality platform Decentraland, may very well be on the verge of breaking out.

“This one is slowly waking up here. Fighting resistance, but if it breaks that, liquidity pops up and we could see a continuation of 35% towards $3.75.”

Source: CryptomichNL/Twitter

MANA is buying and selling for $2.69 at time of writing.

The analyst additionally sees potential positive factors on the horizon for RUNE, the native asset for decentralized change protocol THORChain.

“This one is continuing to show strength. Minimal correction should lead towards further upwards momentum as it’s currently fighting resistance. Looking at $9.30 to hold. If we break upwards, then $13-14 might be possible.”

Source: CryptomichNL/Twitter

RUNE is buying and selling for $11.99 at time of writing.

Check Price Action

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Daily Hodl are usually not funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your duty. The Daily Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please observe that The Daily Hodl participates in internet affiliate marketing.

Featured Image: Shutterstock/IM_VISUALS

Related posts

Crypto Strategist Predicts Breakout for Ethereum Challenger Fantom (FTM), Says Solana (SOL) Primed To Rally

Crypto Advisor

Over $1,142,000,000 in Crypto Liquidated in Just 24 Hours As Bitcoin Trades Below $40,000, According to Coinglass

Crypto Advisor

Top Crypto Analyst Predicts Rally to New All-Time Highs for Curve (CRV), Says One Mid-Cap Altcoin Looks Fantastic

Crypto Advisor

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More