A popular cryptocurrency analyst shared his comments on three altcoin projects. The analyst explained his expectations and the levels to be considered in these altcoins. Here are the details…
Important predictions from altcoin analyst
Cryptocurrency strategist Michael van de Poppe shared his comments on three different altcoins in his latest posts. Ethereum (ETH) is primarily on the analyst’s radar. cryptocoin.com As we have also reported, ETH is the second largest cryptocurrency and largest altcoin by market capitalization. Van de Poppe told his followers on Twitter that ETH could rally. According to the analyst, Ethereum looks set for a quick rally after reclaiming important support in the short time frame.
The analyst says that Ethereum must surpass $1,100. Then, he states that we will see around $1,250. Currently, Ethereum is changing hands at $1,170, up 4%. As we reported, it gained momentum after a new step was taken in the Merge update. The cryptocurrency has experienced a 7.8% increase in value in the last 7 days.
Analyst conveyed his expectations for BNB
After ETH, Michael van de Poppe seems to have BNB on his radar. According to the analyst, we are in the process of preparing for the continuation of the rise in BNB. The analyst points to $215 as the most important area for BNB to hold. Saying that BNB is standing well above this level, the analyst also conveyed the next levels. According to the analyst, the $ 240 and $257 levels are next. At the time of writing, BNB is up 1.4 percent, changing hands at $238. The increase in the last 7 days is around 8.6 percent.
What are the next levels in Phantom (FTM)?
Michael van de Poppe finally conveys his expectations for Phantom. According to the expert, the retracement of an important support area is behind the rise of FTM. Van de Poppe marks $0.26 as the critical level. A reversal of this level as support will likely trigger a rally to new highs.
A move above $0.26 could trigger a rally to $0.29 for FTM, according to the analyst who posted a chart for Phantom. At the time of writing, Phantom is up 2.7 percent, changing hands at $0.26. So, for now, it seems to have managed to rise above the levels stated by the analyst. The last 7-day increase of the cryptocurrency, which is in the 71st place by market value, is around 2 percent. Currently, the total value of the cryptocurrency market is under $1 trillion. Around $962 billion. Considering that last year this amount was 3 trillion dollars, the difference is quite clear. Time will tell what the general market situation will lead to.
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