Closely followed crypto strategist and trader Michaël van de Poppe, Ethereum (ETH) competitor Avalanche (AVAX) and shared his views on what could happen for four additional altcoins.
Posting on his Twitter account, Van de Poppe stated that there is a resistance level that could trigger a rally if Avalanche exceeds and defined this level.
“AVAX needs to surpass the resistance at $80. If this level is exceeded, a new run will be quite possible. Until then, the ‘accumulation phase’ will continue.”
Next in the list is blockchain, a blockchain focused on powering a decentralized economy. Harmony (ONE) took place. Looking at the ONE/BTC pair, Van de Poppe predicts that the pair is poised for a bounce after reaching the 0.00000469 BTC or $0.18 support.
“This must be some kind of bounce back from this region. My personal interest is 350 sats [0.0000035 BTC veya 0.13 dolar] around the area.”
Another cryptocurrency on Trader’s list is the payment infrastructure platform. COTI (COTI). Van de Poppe said he expects COTI to print a higher low setup against Bitcoin (COTI/BTC) before starting a 35% rally to its target at 0.00001 BTC ($0.38).
“COTI is going into resistance right now. Flipping this = possible trade to make. Otherwise, sell 740 for a potential long entry. [0.000074 BTC veya 0.28 dolar] It will be necessary to look at a test around.”
Van de Poppe also noted that he is closely following the local presence of Hathor (HTR), a scalable cryptocurrency alternative that directly combines acrylic graphics technology with decentralized blockchain technology. According to Van de Poppe, HTR is poised to hit a key support area at 0.0000148 BTC or $0.57 against Bitcoin (HTR/BTC).
“HTR buying range is approaching.”
The last coin on the investor’s list was the peer-to-peer payment network Litecoin (LTC). Van de Poppe says that while Litecoin is still in a downtrend against Bitcoin (LTC/BTC), he is looking at a potential scenario where the pair could rebound by 17%.
“3050-3100 sats for a potential long trigger [0.00305 BTC-0.0031 BTC veya 117.01-118.93 dolar] I’m looking for a return of the level. Until then -> no interest.”
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.