Michaël van de Poppe, a popular crypto analyst, listed five altcoins he believes will perform well as the digital asset market prepares for a new phase of its bull cycle.
Trader has 144,000 YouTube subscribers in a new strategy session, a project called the “internet of blockchains”. Cosmos (ATOM) He said he was watching closely. Van de Poppe said that Cosmos is looking at a wide range in the Bitcoin pair (ATOM/BTC), where the pair may have bottomed.
“All this territory we have here [0.00045 BTC – 0.00037 BTC/ 29 dolar – 24 dolar]“It is definitely what I am looking for a potential entry point in the coming period.”
The second altcoin on Van de Poppe’s radar, the decentralized oracle network Chainlink (LINK). According to the crypto analyst, Chainlink is still in a downtrend in Bitcoin (LINK/BTC), but again, Poppe expects the pair to start a rally early next year.
“Before we start moving on, we can conclude that we are at the end of this correction period where we might want to break it and change some levels (turn resistance into support).
Moving averages also come into play at this stage, resulting in this sideways move, but once the moving averages are flipped, this [altcoin] It’s definitely becoming something I want to buy.”
Next up is the stablecoin-focused decentralized exchange (DEX) Curve Finance’s governance token Curve exists. Curve is showing some strength in Bitcoin (BTC/CRV), but the pair must break the resistance at 0.0001 BTC ($6.49) for the uptrend to continue.
The fourth in Van de Poppe’s list is the lending protocol. AAVE (AAVE) is located. The crypto strategist says that the AAVE/BTC pair is just one resistance away from starting a major rally.
“If we break it (0.005690 BTC i.e. $367.89), I expect an acceleration towards the highs here (0.01 BTC i.e. $646.56), most likely on the other side of the range. We’ve seen this happen before.”
A supply chain management blockchain VeChain (VET), It is in the last place in the list of altcoins examined by the analyst. Van de Poppe states that VeChain is still in a downtrend in Bitcoin (VET/BTC), but there is a possible trend reversal He said that (when the direction of a price trend changes from bullish to bearish or from bearish to bullish) it could find support at 0.0000015 BTC ($0.09) to start.
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.