In his latest updates, crypto strategist Michaël van de Poppe shared his predictions for several altcoins, including Ethereum (ETH) rival Avalanche (AVAX) and meme coin Pepe (PEPE).
Analyst Michaël van de Poppe stated that he initially predicted a rapid jump for AVAX. He initially stated that he expects a price increase in the $14 or $12 range. However, Van de Poppe believes that AVAX is still in a downtrend and this bounce will likely be short-lived. thinks.
“At a point of interest comparable to other altcoins.
However, the trend remains bearish, if the lower time frame confirms, I would prefer long here. It is necessary to get back $ 16.50. Otherwise, I would be waiting for $12 for a long position.”
At press time, the popular altcoin AVAX is trading at $15.14.
The other cryptocurrency on Van de Poppe’s list is PEPE. According to the analyst, PEPE needs to have a significant support level to regain its bullish momentum:
“I would say this is a bear market relief rally.
It needs to stay above $0.00000173, then we may see continuation towards $0.0000024.
If the $0.00000173 level is lost, then I would be trying to short and long at $0.00000085.”
At the time of writing, Pepe is trading at $0.00000181.
Another altcoin on Trader’s list is The Graph (GRT). According to Van de Poppe, GRT could see more selling pressure as long as it is below $0.13.
“It lost a crucial support at $0.13, this level needs to be reclaimed before I can deal with it.
Otherwise, I would be looking at $0.097 for a potential long position.
At press time, GRT is trading at $0.124.
The last altcoin on Trader’s radar is Quant (QNT). Van de Poppe says QNT is approaching a support level, but adds that he expects signs of strength before accumulating the altcoin.
“There is interesting price action here as we hit the high time frame support.
Am I interested? Not yet. I would prefer it to turn the $112 resistance to support before opening a long position and then it can quickly rush to $175.
Otherwise, I’m chasing $76.”
You can follow the current price action here.