A crypto strategist closely followed by the crypto community, Cardano (ADA), Binance (BNB) and expect to witness bullish price movements for the two popular crypto assets. told.
Popular analyst Michaël van de Poppe has 615,800 Twitter followers on the smart contract platform. cardanoHe says it needs to break the current resistance at $0.47 to ignite the next leg.
“ADA looks ready to continue as support turns into resistance in the $0.46 region. We should see the same at the $0.47 level and then we’ll be ready to accelerate. The next region to target is $0.55.”
At the time of writing, Cardano is changing hands at $0.46.
Binance Coin
Binance Coin, the service token of the cryptocurrency exchange Binance, is in second place among the digital assets that the analyst expects to rally. Evaluating BNB, which is currently trading at $231, Van de Poppe says he expects the fifth-largest crypto asset to revisit its current support.
“This is an admirable performance. The momentum was maintained by turning the $215 level for support into resistance. There is little resistance up to $255-$260. But if it drops below $240, I would look again at $215.”
cosmos
Another altcoin on the analyst’s radar is a blockchain ecosystem designed for both scalability and interoperability. Cosmos (ATOM). Van de Poppe said he expects ATOM to continue its short-term uptrend up to $12.
“So far, things are going well. This is bullish and it must stay above $8.50 to avoid a breakdown. If that happens, we will most likely see it continue towards $10 and possibly $12.”
At the time of writing, Cosmos is trading at $8.84, which represents over 35 percent upside potential over Van de Poppe’s target.
Harmony
The last altcoin on the trader’s radar is its Ethereum rival, which Van de Poppe says will rise around 20 percent from current prices in the short term. Harmony (ONE).
“It looks the same as the rest of the markets, but we expect it to continue towards $0.025 here. If we hold the $0.02 level, time is on our side.”
At the time of writing, Harmony is down over 8 percent in the last 24 hours at $0.021.
You can check the price movements 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.