A closely followed crypto analyst is revealing his forecasts for a handful of altcoins, including Chainlink (LINK), Polygon (MATIC) and Floki (FLOKI). Here are the details…
Van de Poppe expects bullish for altcoin projects
Trader Michaël van de Poppe tells his 659,400 Twitter followers that he is bullish on the decentralized oracle network Chainlink. According to Van de Poppe, he expects LINK to rise to $8 as long as it stays above immediate support. “Chainlink looks positive. As we had a slight divergence below the lows (LINK) returned to the range and resulted in a test at $5. As long as $5.50-6.00 remains as support, the markets are looking at a situation where we are sweeping the highs. This will result in a rally towards $8,” he says.
On the other hand, Van de Poppe says that Poygon (MATIC) looks ready for an uptrend after starting June with a bearish start. The analyst said, “This looks good. A big step up to $0.50 which resulted in a chain liquidation reaction on the long side. All of these have been taken. We will probably break out, we need to flip $0.75. I want to retest around $0.55 or flip around $0.75 for a long time,” he says.
FLOKI and OCD are also on the list
Another altcoin on the trader’s list is the memecoin Floki. According to Van de Poppe, FLOKI is currently in the middle of a trading range and expects memecoin to either test support or break above the high of its range before accumulating the token. “Just like many altcoins, this one is between levels. Preferably, you’d like to see an HL (higher low) done here (we’re technically biased down). If it holds $0.0000235, long-term purchases can be made. Best case: converting $0.0000308,” he said.
The last altcoin on the analyst’s radar is OKB, the utility token of crypto exchange OKEx. According to Van de Poppe, he expects OCD to rise as long as it respects the $42 support.
Meanwhile, OCD is doing well as an asset. I expect OKX to become a major player in the markets in the next few years and OKB to start showing strength. If we hold above $42 and break $47, I’m waiting for $59 next.
There is a 2x bullish expectation in the market
Meanwhile, Van de Poppe tweeted yesterday that it is only a matter of time before the altcoin market cap rises above the next resistance level. In his analyst post, he predicted that the sum could break the $150 billion resistance in the next few weeks, which will likely result in targeting the next $225 billion barrier. From a technical standpoint, the total altcoin market cap was trading between the 9-day and 20-day EMA lines at press time. However, technical indicators were showing that the total would fall below the longer EMA line in the next 24 hours.
Traders and traders alike will want to keep an eye on the daily RSI line as it tries to cross below the daily RSI SMA line. If these two lines intersect, a significant bearish flag will be triggered, signaling that the total altcoin market cap will drop over the next 48 hours. If this bearish flag is confirmed, the total could drop to the next key support level around $95.181 billion in the next few days. Further, as sellers continue to put pressure on the altcoin market, it could also see the total lose support of $95.181 billion and fall as low as $87.365 billion next week.
On the other hand, if the total altcoin market cap can close a one-day candle above the 9-day EMA line in the next 48 hours, it could make a move towards the next key resistance level at $108.716 billion. Breaking above this resistance level will open a path for it to rise to $127,208 billion.
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.