Analyst Michal van de Poppe Says Low Is In for Crypto, Predicts Breakouts for Curve (CRV) and Fantom (FTM)

Widely followed analyst Michaell van de Poppe states that he believes the low bear cycle lies in the crypto market.

Van de Poppe tells his 618,600 Twitter followers that the market capitalization of all crypto assets has bounced just above the main bottom indicator.

“The most important chart is not Bitcoin. This is the sum of crypto market capitalization (TOTAL). It has never closed below the 200-week moving average in recent crashes and curling backs. This is the low price. That means we’ve seen. The most likely scenario is a continuation towards $ 1.25 trillion. “

At the time of this writing, the market capitalization of all crypto assets is just above $ 1 trillion, but the 200-week moving average of the total chart remains at around $ 860 billion.

Analysts are bullish on CRV, the governance token for Stablecoin-focused decentralized exchange Curve Finance, as Van de Poppe predicts sustained bounces across the crypto market.

In a new strategic session, Van de Poppe says the CRV appears to be ready to pull back before removing resistance of about $ 1.45.

“Based on the 4-hour chart, the trend is rising and breakouts can occur … but given that we are testing this range high ($ 1.45), a clear breakout. It makes a lot of sense that there isn’t yet … in that case I would consider a long of $ 1.17 … then I think I’ll get a trigger towards $ 1.98. ”

At the time of this writing, the CRV was trading at $ 1.39, down more than 4% in the last 24 hours.

Another trader radar altcoin is Ethereum (ETH) competitor Phantom (FTM). According to Van de Poppe, the FTM could also witness a retracement before it could break the immediate resistance at $ 0.36.

“You can take the test for about $ 0.31. [It] It’s no wonder you have it after this test ($ 0.33). However, the overall trend is rising, with a very strong bounce at $ 0.29 from the left. It is most likely to cause a breakout. “

Van de Poppe states that the breakout could bring the FTM to $ 0.46.

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