Widely followed analyst Michael van de Poppe has revealed his latest altcoin predictions. The analyst explained the cryptocurrencies that he expects to bounce. Here are the details…
Michael van de Poppe is optimistic about these altcoin projects
Michaël van de Poppe told his 623,400 Twitter followers that Avalanche and many other altcoins fell below their 50-day moving averages due to last week’s price correction. The trader says that if the tokens can retrace this moving average, it will trigger a “serious” price rally. The analyst uses the following statements for AVAX:
[50 günlük hareketli ortalamayı] undo will trigger some serious activations. The same goes for AVAX.
Van de Poppe also says that Ethereum (ETH) rival Phantom (FTM) is currently consolidated. He also states that he is waiting to see if the US dollar reverses the bullish trend. The analyst uses the following statements:
Daily order levels around $0.25 are heavy support. If a reversal occurs, a quick run to $0.365-0.37 is possible.
What’s next for Bitcoin?
On the other hand, the analyst also made statements about the leading cryptocurrency BTC. He states that Bitcoin’s recent price stability could signal strength. “Well, it’s good for Bitcoin to hold steady while the rest drops heavily. “If the euro reverses and means a bounce for stocks, Bitcoin could have some good strength,” he said. Bitcoin (BTC) is trading at $21,532, up 0.33 percent in the last 24 hours at the time of writing.
Currently, Bitcoin price has formed a bottom above the $21,000 zone. BTC started a recovery wave and climbed above the $21,500 region. Currently, the cryptocurrency is consolidating. It is facing a strong resistance near the $22,000 zone. After a steady move, BTC price managed to surpass the $21,500 resistance zone. BTC even climbed above the $21,650 resistance.
However, the bulls struggled to gain strength and the price settled well below the $22,000 resistance zone. cryptocoin.com Similarly, as we reported, most major altcoins are struggling to gain bullish momentum. ETH rallied but struggled near the $1,720 resistance area. XRP is facing a hurdle near the $0.35 resistance. At the moment, one of the most exciting events in the cryptocurrency ecosystem is the merge upgrade of Ethereum. With this development, the excitement for ETH is quite high. Time will tell what will happen next for altcoins, which are generally affected by the movements of BTC and ETH.
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, assets or services 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.