Crypto analyst Michaël van de Poppe is a low-volume market with close to 9x earnings this year. altcoin He believes that is preparing for the continuation of the rise.
Van de Poppe announced layer-1 proof-of-work cryptocurrency to his 667,600 followers on social media platform X KaspaHe says that (KAS) “seems ready for a new rise.”
The widely followed crypto analyst says that if his bullish thesis for Kaspa comes true, the crypto asset could gain nearly 41% from the current price, reaching an all-time high of $0.068. According to Van de Poppe, Kaspa needs to turn the resistance at $0.049 into the support zone in order to maintain its long-term uptrend.
The altcoin is trading at $0.0479 at press time, up nearly 788% from its price of $0.00539 recorded at the beginning of 2023.
If the crypto market were to decline, the widely followed crypto analyst and trader says the area of interest would be up to 24% below the current level.
If markets show weakness, I would be interested in $0.036 – $0.04.
NEWS CONTINUES BELOW
Render Network, a decentralized graphics rendering platform (RNDR) returning to its native token, Van de Poppe says he expects the altcoin to continue rising as well. According to the analyst, a breakout of RNDR’s immediate resistance will likely spark breakout rallies.
I personally expect the rise to continue.
In this context, I would prefer a break above $1.65 and then we look for expansion and continuity.
$2.50-$3.00 is a reasonable target.
RNDR is trading at $1.53 at the time of writing.