Widely followed crypto analyst Michaël van de Poppe shared his predictions for three popular altcoins.
Van de Poppe told his 613,800 Twitter followers that leading smart contract platform Ethereum (ETH) is gaining momentum after rebounding from monthly lows of under $1,000 on June 18 and 19. told.
“There’s a great retest here on Ethereum.
It looks likely to continue towards $1,440.”
At the time of writing, Ethereum It is trading at $1,133, down about 7.50% in the last 24 hours.
The crypto analyst, who also studies Phantom (FTM), said that he watches the altcoin’s price action in the lower timeframe (LTF) as an indicator of whether the FTM correction is over.
“FTM looks interesting given the fact that we are retesting previous peaks here.
I’m not saying the fix is over, but this is definitely an area where I’d like to see continuity with the comeback aiming for a new high.”
Phantom is currently trading at $0.2677, down 6.99% on the day.
Koinfinans.com As we reported earlier, XRP is the last altcoin on Van de Poppe’s watchlist. While the analyst noted that many altcoins are consolidating after last week’s rally, he sees XRP’s pullback from Friday’s high of $0.38 to $0.34 as a potential launch pad for a new rise.
“At this point, many altcoins are just consolidating after a breakout late last week.
There is a good retest available on XRP here. For a potential long position, this could be my space.”
You can check the price movements 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.