Top cryptanalyst Michaël van de Poppe predicts strong collections for Polygon, THORChain and two Ethereum rivals
Popular crypto strategist Michaël van de Poppe says he expects increases for a handful of altcoins.
Van de Poppe tells his 616,600 Twitter followers that BNB, the currency that drives Binance and the smart contract platform BNB Chain, is flashing after breaking the resistance to $ 240.
“Lame the range around $ 216 again. Expect that when it breaks $ 240, we will continue the momentum towards $ 270.”
At the time of writing, Binance Coin is trading hands for $ 249, up over 5% on the day.
Next up is Ethereum (ETH) scaling solution Polygon.
According to Van de Poppe, MATIC also shows strength and that a move above its immediate resistance should trigger a 38% increase from the current price.
“Outbreak over $ 0.73 = $ 1 next target.”
Polygon sells for $ 0.72 and is in the green with 5% on the last day.
Another altcoin on Van de Poppe’s list is the decentralized exchange protocol THORChain, which he says is preparing for a significant rally.
“Looks ready for continuation, but needs to turn around $ 2.50 at this point. If it does, I guess we’ll see $ 3.30- $ 3.50.”
At the time of writing, THORChain is valued at $ 2.23. A transition to Van de Poppe’s goal marks an upside potential of over 56%.
The latest coin on the trader’s radar is the smart contract platform Fantom. Van de Poppe says that FTM may be the reason for a small withdrawal to $ 0.24 before it can start the next stage up.
“It looks like we’re going to see some lower tests, but we have two triggers heading for $ 0.34.”
At the time of writing, Phantom changes hands for $ 0.25, up over 3% in the last 24 hours.
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Featured image: Shutterstock / wacomka / Andy Chipus
