Fantom (FTM), a competitor of Ethereum (ETH), is predicted to experience a significant upward movement, according to renowned crypto strategist Michaël van de Poppe. Van de Poppe, who enjoys a large following of 659,600 Twitter users, believes that Fantom is showing bullish signs as long as it remains above the $0.30 mark. However, he suggests that the real fireworks will begin when Fantom surpasses its immediate resistance level at $0.33. Taking into account potential stop-loss orders on short positions, Van de Poppe states that holding above $0.30 could lead to a continuation of the upward trend, potentially reaching $0.40. As of now, FTM is trading at $0.304.
Another altcoin that Van de Poppe has his eyes on is Fetch.ai (FET), a decentralized machine-learning network. He is waiting for FET to break through its resistance level at $0.25 before considering accumulating the altcoin. If it fails to do so, he will consider entering FET at lower price levels. According to Van de Poppe, flipping and breaking the $0.25 mark is crucial for FET, as it would open the way for long positions towards its previous highs. Otherwise, if the current trend continues, he will be looking at a price level of $0.14 or a reclaim of $0.17. FET is currently trading at $0.23.
Van de Poppe also mentions Arbitrum (ARB), an Ethereum-scaling solution. He believes that if ARB breaks above $1.30, it will enter a bullish phase. He simplifies his analysis by stating that if $1.30 is breached, traders should consider taking long positions on ARB. At present, ARB is valued at $1.13.
The final coin on Van de Poppe’s radar is Verasity (VRA), a video-sharing blockchain. He emphasizes that VRA must surpass its resistance at $0.0058 in order to trigger a significant price surge. Van de Poppe suggests that once this level is broken, $0.01 may be a possible target for VRA. Currently, VRA is trading at $0.0052.
Related Post
It should be noted that the opinions expressed by Van de Poppe are not investment advice, and individuals should conduct their own research and due diligence before considering any high-risk investments in cryptocurrencies. The Daily Hodl, where the analysis was originally published, also emphasizes the importance of personal responsibility in conducting transfers and trades in the crypto market.
In conclusion, Van de Poppe anticipates positive price movements for several altcoins. Fantom, Fetch.ai, Arbitrum, and Verasity could potentially experience upward trends, but their performance is contingent on breaking through key resistance levels. These predictions serve as guidance for investors, who should exercise caution and make informed decisions based on their individual risk tolerance and investment strategies.
