Investors are watching these levels for BTC, ADA, ETH, FTM, RSR and VET this week! After a big sell-off in recent days, the crypto market is slowly picking up speed as the weekend approaches. Michael van de Poppe, a prominent crypto analyst, reports to his 493,000 Twitter followers that he is researching price ranges for Bitcoin (BTC), Ethereum (ETH) and a number of famous altcoins. cryptocoin.comNow it’s time for details.
Levels for Bitcoin and ETH
“We are in a short-term recovery in Bitcoin,” says Van de Poppe. He believes price corrections are a healthy part of bull market cycles. He reminds that Bitcoin can correct below $48-50k while continuing its rise. According to the analyst, the first and foremost region of Bitcoin was affected by this correction. Considering the recent 16-18% decline, it wouldn’t be shocking to see a short-term recovery from this region. The same can be said for ETH, he thinks.
Then Poppe looks at Cardano, which fell from $2.38 on Nov. 8 to $1.87 today. While Cardano continues to fix it. He says a correction could be seen around $1.50.
Van de Poppe then moves on to Phantom (FTM), a scalable blockchain platform for DeFi and DApps. It claims that the native token FTM can be traded between $1.50 and $2.00. The other altcoin that the analyst is examining is VET. Traderr believes that VeChain (VET) has the potential to outperform BTC if it can stay between 0.00000173 and 0.00000198. RSR, the native token of the anti-inflation Reserve Project and its associated token Reserve, is the last coin on the list (RSV). Van de Poppe points to the “range between 0.00000052 and 0.00000112 BTC for the RSR. At the time of writing, RSR is trading at $0.0368, up 2.4% in the last 24 hours.
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