Analyst Michaël van de Poppe Predicts Sharp Rallies for Cardano, Binance Coin and Two Additional Altcoins
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A widely followed crypto strategist says he’s expecting to witness bullish continuations for Cardano (ADA), Binance (BNB) and two additional crypto assets.
Analyst Michaël van de Poppe tells his 615,800 Twitter followers that smart contract platform Cardano must take out its immediate resistance at $0.47 to ignite the next leg up.
“This one is looking ready for continuation as a resistance-to-support flip has been taking place at the $0.46 region. We need to see the same on the $0.47 level and then we’ll be good for acceleration. Targeting $0.55 as the next region.”
At time of writing, Cardano is swapping hands for $0.46.
Next up is Binance Coin, the utility token of crypto exchange Binance. With BNB now trading at $231, Van de Poppe says that he’s waiting for the fifth-largest crypto asset to revisit its immediate support.
“This one is doing well. Flipped the $215 level for support and continued the momentum. No resistance until $255-$260. If it breaks sub $240, I’d be looking at $215 again.”
Another altcoin on the analyst’s radar is Cosmos (ATOM), an ecosystem of blockchains designed for both scalability and interoperability. Van de Poppe says he’s expecting ATOM to sustain its short-term uptrend to as high as $12.
“So far, so good. This one is trending upwards and has to sustain above $8.50 to avoid a breakdown. If that happens, we’ll most likely see continuation towards $10 and possibly $12.”
At time of writing, Cosmos is changing hands for $8.84, representing an upside potential of over 35% to Van de Poppe’s target.
The last altcoin on the trader’s radar is Ethereum competitor Harmony (ONE), which Van de Poppe says is gearing up for a nearly 20% from current prices in the short term.
“Looks the same as the rest of the markets, but expecting continuation towards $0.025 here. If we hold $0.02, time is good.”
At time of writing, Harmony is valued at $0.021, down over 8% on the day.
Featured Image: Shutterstock/4kstock/Mingirov Yuriy
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