A Twitter analyst, who is famous for his predictions, is trying to predict the bottom levels for Terra (LUNA), which stands out with its durability in the declines, and MATIC and FTM, where the bears are in control.
Get ready for these bottoms for LUNA, MATIC and FTM
Popular crypto analyst Michaël van de Poppe said that the three biggest altcoins by market cap could correct before making a local bottom. Van de Poppe, who started with DeFi payment network Terra (LUNA), tells his 575,800 Twitter followers that the seventh-ranked altcoin project could be pushed back to $70 if the crypto market continues to show signs of weakness:
I’d take it slow this time for LUNA. A nice rise, but liquidity hit an all-time high and corrected instantly. I think we’ll be looking for a little more downside momentum to get the liquidity there. About $70.
At the time of writing, LUNA is trading at $91.99, down 11% from its all-time high of $104.
Van de Poppe says he’ll wait for $1 for MATIC
Another cryptocurrency on the analyst’s list is Ethereum scaling solution Polygon (MATIC). According to Van de Poppe, MATIC looks heavy as LH levels tend to fall over and over again. The analyst interprets the following technical chart:
Polygon (MATIC) seems heavy for some fixes I’ll deal with here at around $1.
Polygon is currently trading around $1.36.
The Phantom (FTM) may soon become a prisoner of selling pressure
Next up is Ethereum rival Phantom (FTM), which Van de Poppe believes is poised to lose 26% of its value at its current $1.11 price before hitting bottoms. cryptocoin.com As we have reported, the announcement of DeFi developers Andre Cronje’s departure from the industry had a double-digit impact on the price of related altcoin projects FTM, TFO SOLID. Poppe details why he expects lower levels:
I’m looking at lower levels for FTM here because then it would also reduce all liquidity. That will be the bottom part of this fix.
At the time of writing, Phantom (FTM) is trading at $1.10, down 6% over the last 24 hours, down 21.68 from last week.
Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!
Disclaimer: The articles and articles on Kriptokoin.com do not constitute investment advice. 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, asset or service in this article.
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.