Analysts Micheal Van De Poppe Maps the Future of These Altcoins-Will Bitcoin Face the Heat?
The post Analysts Micheal Van De Poppe Maps the Future of These Altcoins-Will Bitcoin Face the Heat? appeared first on Coinpedia Fintech News
Crypto markets have maintained a decent rally through the past weekend as the Bitcoin bulls held a value above $24,000. The second-largest crypto, Ethereum is heading toward $1700. With the mounting momentum, the altcoins are also believed to maintain a notable upswing.
A well-known analyst, Micheal van de Poppe, maps the targets for some of the altcoins that may leap long in the coming days.
Chainlink (LINK)
Chainlink price has been trading within a parallel channel and after the recent rebound from the lower support, the price has maintained a fine upswing. Presently, the LINK price after the recent rebound of more than 18% has displayed the possibility to secure levels above the pivotal resistance at $9.42. However, after securing these levels, the price may rise beyond $10 in no time.
“ Opportunity of Lifetime.
Slightly breaking out, if we get a retest around $7.80 I would be happy to long, resistance around $8.50-9.00, before we continue towards $15-20,”
Fantom (FTM)
Fantom price underwent a fine upswing to mark the yearly highs beyond $0.64 but quickly dropped heavily to mark the bottom close to $0.43. However, the price has begun to rebound but is being restricted below $0.6 at the moment. However, the analyst believes more downward trend is yet to come, post to which a fine upswing may make its way out.
“ Gave a substantial correction towards $0.42.
Massive bounce of 40% from there.
Looking at a case of $0.48 as a potential entry, might already been hit at $0.52.
Continuation upwards seems likely,”
Polygon (MATIC)
Polygon price has been trading within a steep upswing, carrying massive strength to reclaim the positions above $2 at the earliest. Despite the recording of a couple of bearish candles during the weekend, the bulls have again dominated the rally by triggering a rebound. However, the price may quickly find a base and rebound to rise beyond $1.6 in the coming days, to validate a notable upswing ahead.
“Slight correction took place, continuation towards next resistance around $1.65.
If there’s a dip towards $1.25-$1.35, then I’m assuming we’ll be buying for the continuation on the rally.
The trend is simple,”
Avalanche (AVAX)
After breaking from a massive falling wedge, the price kick-started a magnificent upswing. However, the price was left rejected multiple times from the crucial resistance and with the recent rebound, the token could trigger a notable upswing to slice through these levels and reach the threshold above $25.
“Difficult chart, it’s in between levels, trend is still up.
Great bounce from $18 and looks for continuation.
Would be interested between $18 – $19, targeting $25 or higher,”
