Cryptocurrency strategist Michaël van de Poppe to 642,900 Twitter followers Phantom (FTM) altcoin announced a strong bullish trend this week before experiencing a temporary pullback.
Analyst Michaël van de Poppe Evaluates Three Altcoins
The trader said he expects FTM to hold support in the $0.22 to $0.24 price range before the bulls push it towards $0.50:
“There was a very strong move in FTM last week. It is back to $0.26 which is a good sign. There will probably be a correction at some point where I can see $0.24 and $0.22, but it wouldn’t surprise me if it hits $0.40-0.50 in one to two weeks.”
Such a strong move on $FTM the past week.
Back to $0.26, which is a good sign.
Probably some correction will happen at some point, through which I’d be eyeing $0.24 and $0.22, but wouldn’t surprise me if this runs to $0.40-0.50 coming 1-2 weeks. pic.twitter.com/tSwuIuL9Nd
— Michaël van de Poppe (@CryptoMichNL) December 1, 2022
At the time of writing, the FTM altcoin price is trading at $0.2472, with an increase of 0.32% in the last 24 hours.
Next, the same strategist focused on blockchain scaling solution Polygon (MATIC) and predicted a rally that could possibly retest the $1.30 price level:
“He’s been showing strength lately. If he bids $0.84 long, I’ll be looking for a price there. Moreover, I expect it to continue towards $1 and above, potentially retesting $1.30 over the next few weeks.”
Request 01 – $MATIC
Showing strength recently.
If $0.84 grants a long, I’d be looking for one there.
Further, expecting continuation towards $1 and higher in the coming few weeks, potentially a retest at $1.30. pic.twitter.com/3IqDxw4n1w
— Michaël van de Poppe (@CryptoMichNL) December 2, 2022
At the time of this writing, MATIC is trading at $0.92, down 0.28% in the last 24 hours.
In the Eight Global newsletter, Van de Poppe focused on the peer-to-peer payment network Litecoin (LTC) and said it outperformed other altcoins:
“Litecoin is moving strongly as it continues to break out of its range. Many altcoins saw new lows, but Litecoin did not, breaking the resistance at $65 and making a significant rise towards $80.”
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android and iOS Start live price tracking right now by downloading our apps!