Crypto analyst Michaël van de Poppe, famous for his predictions, maps out what’s next for Ethereum rival Fantom (FTM), Polygon (MATIC) and three other altcoins. In this post, let’s take a look at the trajectory of Poppe’s January 10 tweets.
Analyst examines altcoin prices in BTC pair
Michaël van de Poppe to 555,100 Twitter followers that Phantom, a highly scalable Blockchain for businesses, is currently investing in Bitcoin (FTM). /BTC) at a significant support level:
Very simple, big breakout seen. Based on this, the first area to look for a long spot position is the area we bounce. It looks very decent.
- Currently, the FTM/BTC pair is trading at 0.000053 BTC ($2.52) hovering just above Van de Poppe’s entry point of 0.00005 BTC ($2.11) he sees.
Another altcoin on the analyst’s radar is Blockchain scaling solution Polygon. According to Van de Poppe, MATIC is still bullish despite its latest correction as HH and HL levels continue to register:
The green zone is a very important zone to be protected. If it breaks above $2.15-2.20, I assume another bullish run could occur.
Next up is Blockchain gaming platform Enjin Coin, which Van de Poppe says is approaching two strong support levels after a sharp correction from the ATH level of $4.84. Poppe shares the critical support in the chart below.
WOO, the token of decentralized fintech startup Woo Network, is threatening to mount a massive resistance and rally against Bitcoin (WOO/BTC), according to its analyst.
This is gearing up for a big break. It is constantly testing resistance as it builds HL levels. Another breakout = bullish continuation.
The last altcoin on the list, which we quoted as Cryptokoin.com , is the high-yield Blockchain Zilliqa (ZIL). According to Van de Poppe, Zilliqa has managed to remove its strong resistance against Bitcoin (ZIL/BTC) and now looks set to form another rally at 0.0000014 BTC ($0.05):
This is just like the altcoin in December. It’s on the upside (remember ATOM and LINK. Right now in a support area, it might be a good spot)
as the s was a great buy