The decentralized machine learning network Fetch.ai (FET) is gaining the attention of crypto strategist Michaël van de Poppe. Van de Poppe suggests that if FET can break through its immediate resistance at $0.25, it could experience a significant rally of over 80%. The altcoin is currently valued at $0.22, making it an intriguing option for traders looking for potential gains.
Another altcoin on Van de Poppe’s radar is XRP, a cross-border payments solution. XRP is currently trading within a wide range, and Van de Poppe plans to accumulate the altcoin if it drops to its range lows or if it retests its current resistance as support. With a current value of $0.73, XRP presents an opportunity for traders looking to enter the market at an advantageous position.
Van de Poppe also mentions Stellar (XLM), a competitor to XRP. He is waiting for XLM to pull back to its immediate support before considering long positions. Van de Poppe finds XLM’s momentum promising, and he believes it will continue to rise. XLM is currently trading at $0.155.
Fantom (FTM), a smart contract platform and Ethereum rival, is another altcoin under Van de Poppe’s watch. However, due to recent news involving a exploit of the cross-chain bridge Multichain, Van de Poppe is looking at two scenarios before becoming bullish on FTM. If the market experiences further decline, he may consider buying at $0.19-$0.21 or if FTM reclaims $0.28. The current value of FTM is $0.255.
Related Post
It is important to note that Van de Poppe’s analysis is not investment advice, and investors should conduct their own research and due diligence before making any investment decisions.
Overall, these altcoins present potential opportunities for traders, with FET, XRP, XLM, and FTM showing signs of potential upward movement in the market. However, market conditions can change rapidly, and it is crucial for traders to stay informed and adapt their strategies accordingly.
Disclaimer: Opinions expressed in this article are not investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.
