A well-known crypto strategist, Michaël van de Poppe, has suggested that Avalanche (AVAX) is preparing for a bullish move. Van de Poppe, who has a following of 660,000 on Twitter, believes that AVAX has the potential to rise after breaking above the resistance at $14.
Van de Poppe states that Avalanche may experience a period of consolidation before continuing its upward trend. He suggests that potential buying opportunities could arise at the $12.70-$12.95 range, with a target price of $16. Currently, AVAX is trading at $13.33.
Moving on to Zilliqa (ZIL), a blockchain platform designed for enterprise solutions, Van de Poppe predicts a potential pullback to approximately $0.018. After a 60% rally in just one month, ZIL may experience a period of correction before potentially resuming its upward movement. Van de Poppe highlights the importance of waiting for the price to reach the identified lows and then considering long positions. At the time of writing, ZIL is valued at $0.019.
In regards to Litecoin (LTC), a peer-to-peer payments network, Van de Poppe emphasizes the significance of staying above the 200-week exponential moving average (EMA) to have a chance at rallying before the upcoming halving event in August. The altcoin is currently trading at $93.86, which is below the 200-week EMA of approximately $95.50.
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It is important to note that the information provided by Van de Poppe through his Twitter account serves as his personal opinion and should not be considered as investment advice. Potential investors are advised to conduct their own research and analysis before making any investment decisions.
As the crypto market continues to evolve, it is crucial to stay informed about the latest developments. Subscribing to email alerts can help investors stay updated and make informed decisions. Additionally, regularly checking the price action of cryptocurrencies can provide valuable insights into market trends. Following reputable sources on platforms like Twitter, Facebook, and Telegram can also provide real-time updates and analysis.
In conclusion, according to Michaël van de Poppe, Avalanche (AVAX) shows signs of bullish momentum, while Zilliqa (ZIL) may experience a temporary pullback before potentially resuming its upward movement. Litecoin (LTC) needs to stay above the 200-week EMA to have a chance at rallying before its halving event. However, it is important to remember that these predictions are based on individual opinions and should be supplemented with thorough research and analysis.
