One analyst popular in the cryptocurrency market says that Cardano (ADA) offers an epic opportunity for long-term bulls. Also, the analyst is updating his outlook for 4 altcoin projects.
“There is long-term potential in Cardano (ADA)”
Crypto analyst Michaël van de Poppe says smart contract platform Cardano (ADA) is navigating the price area that will offer huge upside potential for its long-term holders. The analyst notes that ADA is likely in the process of establishing a bear market base. In this context, the analyst makes the following statement:
Huge long-term space to buy for investments. It’s even possible that this is the low of the bear market.
Cardano (ADA) is now trading at the level where last year’s rally started. As such, Cardano has almost wiped out all of its 2021 bull market gains. This indicates a complete pullback and the value of the cryptocurrency being reset. At press time, ADA is trading at around $0.40 per day.
Other altcoins on the analyst’s radar: LINK, QNT, RSR and DOGE
The popular analyst is also closely following the decentralized oracle Chainlink (LINK). According to Michaël van de Poppe, LINK is in a position to rally towards a target of $9.20 after breaking out of the bearish trend in the altcoin’s lower time frame. For this he uses the following expressions:
LINK: It has to play.
At the time of writing, LINK is trading at $7.72, down 2.71% on a daily basis.
His analyst then moves on to Quant (QNT). Van de Poppe says he’s looking at two key levels for QNT for a potential bounce game. From this point of view, he draws attention to the following levels:
For some jumping games, you have to look at the same levels. Played $160 area. Now we have that support again. Or we’re looking at $140 for a game.
Another altcoin on Michaël van de Poppe’s radar is the Reserve Rights Token (RSR). He expects the RSR to start a fresh increase if it clears its immediate resistance at $0.007. For this, he says:
This seems to be in the middle of the pack. $0.0055 followed by the $0.007 target.
At press time, the RSR is changing hands at $0.006246, up 1.23% in the last 24 hours.
cryptocoin.comDogecoin (DOGE) is the most talked-about crypto currency in recent days. So the analyst is also interested in DOGE. Van de Poppe notes that shorting at DOGE is a good idea. However, he says not immediately. He says he will wait to buy at the bottom levels in the following days.
The analyst then points to the technical levels for DOGE. He states that the $0.15, 0.13, 0.11 and $0.085 levels will be critical for the popular meme coin. Meanwhile, the analyst emphasizes that $0.11 and $0.085 are ideal for large long trades.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Risk Disclosure: The articles and articles on Kriptokoin.com do not constitute investment advice. Bitcoin and cryptocurrencies are high-risk assets, and you should do your due diligence and do your own research before investing in these currencies. You can lose some or all of your money by investing in Bitcoin and cryptocurrencies. Remember that your transfers and transactions are at your own risk and any losses that may occur are your responsibility. Cryptokoin.com does not recommend buying or selling any cryptocurrencies or digital assets, nor is Kriptokoin.com an investment advisor. For this reason, Kriptokoin.com and the authors of the articles on the site cannot be held responsible for your investment decisions. Readers should do their own research before taking any action regarding the company, assets or services in this article.
Disclaimer: Advertisements on Kriptokoin.com are carried out through third-party advertising channels. In addition, Kriptokoin.com also includes sponsored articles and press releases on its site. For this reason, advertising links directed from Kriptokoin.com are on the site completely independent of Kriptokoin.com’s approval, and visits and pop-ups directed by advertising links are the responsibility of the user. The advertisements on Kriptokoin.com and the pages directed by the links in the sponsored articles do not bind Kriptokoin.com in any way.
Warning: Citing the news content of Kriptokoin.com and quoting by giving a link is subject to the permission of Kriptokoin.com. No content on the site can be copied, reproduced or published on any platform without permission. Legal action will be taken against those who use the code, design, text, graphics and all other content of Kriptokoin.com in violation of intellectual property law and relevant legislation.