A widely followed crypto analyst Ethereum (ETH) He predicts that the price will continue to rise despite the rival’s recent rally.
Crypto strategist Michaël van de Poppe told his 642,900 Twitter followers that Phantom (FTM) has seen a strong gain this week before seeing a short pullback. told. The trader expects FTM to hold the support between $0.22 and $0.24 before the bulls push the altcoin price towards $0.50.
“There was a very strong movement in FTM last week. A return to $0.26 is a good sign. There will probably be a correction at some point to $0.24 and $0.22, but I wouldn’t be surprised if it hits $0.40-0.50 in a week or two.”
FTM is currently trading at $0.24. A rise towards the analyst’s target means an increase of over 100%.
Next, the strategist focuses on blockchain scaling solution Polygon (MATIC), envisioning a rally where the altcoin price could retest the $1.30 level.
“He’s been showing strength lately. […] Also, it is expected to continue towards $1 and higher in the next few weeks, potentially retesting $1.30.”
Crypto analyst Eight Global pointed to Litecoin (LTC) in his news release. The analyst noted that LTC outperformed other altcoins:
“Litecoin is moving strongly as the range break continues. Many altcoins are making new lows, but Litecoin has not made new bottoms and broke the resistance at $65, thus making a significant run to $80.”
The analyst added that Litecoin could rally to around $96, but for that to find support at key price levels along the way.
You can follow the current price action here.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.