An analyst closely followed in the crypto industry has predicted a rally for an Ethereum (ETH)-based altcoin. Apart from that, it also updated its forecasts for three different digital assets.
Michaël van de Poppe tells his 647,000 Twitter followers that Polygon (MATIC) will likely offer a 60% opportunity if it drops to around $1. told.
“This altcoin looks set to break significantly upwards. With the retest, it can be considered for purchase if it reaches around $1, and then it can easily reach $1.60.”
Another altcoin on the analyst’s radar is Ethereum rival Avalanche (AVAX). According to Van de Poppe, AVAX bulls can wait for a drop towards the support level near $17.50 for entry.
“There is the same point here. We may be dealing with a continuation, but you definitely don’t want to chase processes. Entries can be made around 17.50 dollars.”
NEWS CONTINUES BELOW
Another altcoin that the trader is following is Injective (INJ). Van de Poppe thinks INJ, which has risen nearly 40% in the last seven days, may not present any opportunity until it corrects to $2.30 or $2.08 for longer futures.
“There’s a strong runner here, but the points of interest are a little lower. I would be interested in a jump move at $2.30 and quick moves at $2.08”
Koinfinans.com Finally, as we reported, Van de Poppe examines Verasity (VRA), an Ethereum-based altcoin. Although the VRA looks very strong, he thinks the bulls should wait for a correction of around 40% before opening a position. This corresponds to the range of $ 0.004.
“This looks strong and has already put in a massive 250% performance. So, I prefer to be patient about entering honestly. You might be interested when there is a correction towards $0.004. This is the area for me before a new upward expansion takes place.”
You can follow the current price action here.