Crypto analyst Michaël van de Poppe, famous for his predictions, maps out what’s next for Ethereum rival Phantom (FTM), Polygon (MATIC) and three other altcoins. In this post, let’s take a look at the trajectory of Poppe’s January 10 tweets.
Analyst examines altcoin prices in BTC parity
Michaël van de Poppe tells his 555,100 Twitter followers that Fantom, a highly scalable blockchain for businesses, is currently trading at a significant support level against Bitcoin (FTM/BTC):
Very simple, a great escape was seen. Based on this, the first area to look for a long spot position is the area we bounce. It looks very decent.
- Currently, the FTM/BTC pair is trading at 0.000053 BTC ($2.52), just above Van de Poppe’s entry point of 0.00005 BTC ($2.11).
Another altcoin on the analyst’s radar is Blockchain scaling solution Polygon. According to Van de Poppe, MATIC is still bullish despite its latest correction as HH and HL continue to record levels:
The green zone is a very important area that needs to be protected. If it rises above $2.15-2.20, I assume another bullish run could occur.
Next up is Blockchain gaming platform Enjin Coin, which Van de Poppe says is approaching two strong support levels after a sharp correction from the ATH level of $4.84. Poppe shares the critical support in the chart below.
WOO, the token of decentralized fintech startup Woo Network, is threatening to mount a massive resistance and rally against Bitcoin (WOO/BTC), according to its analyst.
This is gearing up for a big debut. It’s constantly testing resistance as it builds HL levels. Another breakout = bullish continuation.
cryptocoin.com The last altcoin on the list we quoted is the highly efficient Blockchain Zilliqa (ZIL). According to Van de Poppe, Zilliqa has managed to remove its strong resistance against Bitcoin (ZIL/BTC) and now looks set to form another rally at 0.0000014 BTC ($0.05):
This has had an uptrend (remember ATOM and LINK. Right now in a support area, it might be a good spot), just as the altcoins in December were a great buy.
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