Popular crypto analyst Michael van de Poppeshared that he is optimistic about the short-term outlooks of the three altcoin prices on his list, despite the gloomy outlook surrounding the crypto markets.
twitter in your account Sharing his current views on the markets, Michaël van de Poppe is the leading smart contract platform. EthereumHe noted that ETH looks pretty ready for a “quick rally” after reclaiming a key “low timeframe” support.
“Ethereum needs to exceed $1,100 and then we can target $1,250.”
At the time of writing, Ethereum was trading at $1,167, up 3.2%. The lowest level Ethereum has reached this year is $897.
Other altcoins on the list Binance Coin (BNB) happened. BNB serves as a utility token of leading crypto exchange Binance. According to Van de Poppe, BNB appears to be poised for a continued uptrend.
“I’ve shared this before, where the most important area to keep was around $215. BNB is holding this area nicely, the next level could be $240 or $257.”
At the time of writing, Binance Coin is trading at $231.71, up nearly 25% from the 2022 low of $186.
The last altcoin on the analyst’s radar is a smart contract platform designed for decentralized applications. Phantom (FTM) happened. According to the crypto strategist, FTM needs to retake a key support area to maintain its bullish momentum.
“FTM needs to reverse critical level. It looks good in any case but turning $0.26 is likely to trigger a resumption of the upswing to new highs.”
Looking closely at Van de Poppe’s chart, a move above $0.26 could trigger a rally to $0.29 for FTM. At the time of writing, Phantom was worth $0.257, down more than 3% in 24 hours, but is still over 22% from this year’s low of $0.199.
You can follow the current price action 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.