Altcoins Bitcoin Ethereum

Here’s What’s Next for Polygon, Cardano and Three Additional Altcoins, According to Analyst Michaël van de Poppe

A widely followed crypto analyst is updating his outlook on several leading altcoins as the markets stumble.

Crypto trader Michaël van de Poppe tells his 618,000 Twitter followers that Cardano (ADA) is currently meeting resistance.

“ADA

Looking strong here, but at resistance.

If we crack through, I’m assuming we’ll see $0.67 next, but I’d preferably want to long or seek for longs around $0.48 region.”

Source: CryptoMichNL/Twitter

ADA is trading for $0.49 at time of writing.

Van de Poppe says layer-1 protocol Avalanche (AVAX) is facing a resistance similar to the rest of the crypto markets.

“AVAX

Still looking at a scenario like this as the entire market is facing resistance at this point (at least a bit overextended).

Same goes for AVAX.”

Source: CryptoMichNL/Twitter

AVAX is trading for $24.98 at time of writing.

The trader tells his followers that the high-throughput blockchain Zilliqa (ZIL) will likely see a dip.

“ZIL

This one looking for some dip plays here around $0.0375 or potentially looking at $0.041 for a new possible trade.

That could be a trade towards $0.052.”

Source: CryptoMichNL/Twitter

ZIL is trading for $0.041 at time of writing.

The analyst then looks at Ethereum (ETH) layer-2 scaling solution Polygon (MATIC), predicting a substantial drop from MATIC’s current price of $0.92.

“MATIC

I’d be looking at regions around $0.73 for longs.

Already mentioned earlier that it was overextended around $1.”

Source: CryptoMichNL/Twitter

Looking at layer-1 blockchain Fantom (FTM), the widely followed analyst expects FTM’s current correction to continue.

“After a big impulse, there’s usually a substantial correction.

The same goes for FTM.

A significant run and momentum are upwards, but corrections take place during such a momentum.

Now, regions for longing are found overall and could be played.”

Source: CryptoMichNL/Twitter

FTM is trading for $0.33 at time of writing.

Finally, Van de Poppe takes on the king crypto Bitcoin (BTC), calling the mid-to-low $22,000 region a potential area for BTC longs.

“A potential area for longs on Bitcoin is approaching too.”

Source: CryptoMichNL/Twitter

BTC is trading for $23,029 at time of writing.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Here’s What’s Next for Polygon, Cardano and Three Additional Altcoins, According to Analyst Michaël van de Poppe appeared first on The Daily Hodl.

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