One of the closely followed analysts of the crypto world Michael van de Poppe, Shiba Inu (SHIB), Terra (Luna) and shared current price predictions for three other altcoins.
With over 480,000 followers twitter Sharing his analysis from his account, van de Poppe, ‘dog-themed’ memecoin shiba inuHe noted that while the coin continues to show ‘low highs’ and ‘low lows’, it remains in an overall downtrend.
“If Bitcoin (BTC) won’t continue to strengthen, I wouldn’t be surprised if SHIB retests $0.000043 and maybe $0.000035!”
Decentralized finance payment network Terra (Luna) Speaking about the issue, van de Poppe commented that a ‘wedge structure’ has formed in decreasing volume, which shows a downward trend.
“The critical level to hold is currently between $43-$44, otherwise there may be a regression to $26-28 depending on Bitcoin. If an upside break occurs, the next target will be $60-63 based on the Fibonacci extension level.”
Another altcoin on the analyst’s list is the blockchain gaming platform. Enjin Coin (ENJ) it happened. According to Van de Poppe, the levels between $2.67 and $2.05 could be the right levels to invest in this altcoin.
Kdene (KDA) Explaining that he also follows the altcoin closely, the analyst stated that this asset made a ‘huge move’. According to the analyst, KDA could bottom out between $21.22 and $15.72.
The last altcoin on the analyst’s list is the high-throughput blockchain. Zilliqa happened (BELL). According to the analyst, Zilliqa needs to break the ‘immediate resistance’ of around 0.000002 BTC ($0.12) against Bitcoin to ignite an epic rally.
“We could see a 300% to 700% spike at the next spike, so I’m very interested in the levels 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.