Popular crypto strategist Michaël van de Poppe has revealed that he expects volatility in several altcoin prices.
Van de Poppe told 616,600 Twitter followers that BNB, the cryptocurrency that powers Binance, gained strength after breaking the $240 resistance. told.
“BNB is showing strength here as we are approaching crucial resistance. It again defended the area around $216. After breaking $240, we will continue the momentum towards $270.”
At the time of writing, Binance Coin is trading at $249.
Another altcoin that the analyst is following is Polygon. According to Van de Poppe, MATIC is also showing strength and a move above its critical resistance should trigger a 38% increase from its current price.
“Breakthrough above $0.73 = $1 next target.”
Another altcoin on Van de Poppe’s list is THORChain, which he says is poised for a major rally.
“It looks ready to continue but at this point it needs to turn the $2.50 resistance into support. If he does, I think we will see $3.30-3.50 levels.”
At the time of writing, THORChain is at $2.18. A move towards Van de Poppe’s target indicates that there may be an increase of over 50%.
The last altcoin on the analyst’s radar is the smart contract platform Phantom. Van de Poppe predicts FTM could experience a slight pullback to $0.24 before starting its next rally.
“Looks like we will see some lows being tested, but there are two triggers targeting $0.34.”
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.