Crypto Analyst Michal van de Poppe Outlines Whats Next for Cosmos, Aave, Elrond and Two Ethereum Rivals

A popular analyst digs into the charts to update price targets for several major crypto assets.

First appearance of Michael van de Poppe To tell His 622,600 Twitter followers indicate that he is keeping a close eye on the level of support for Cosmos (ATOM), a scalability and interoperability ecosystem.

We have a massive level of support here, which is reasonable for a long-term entry.

If this one runs out, we’re looking at $8 next.

A hold here could be a trigger for $18-20 next month.

At the time of writing, Cosmos is down 8.59% over the last 24 hours, at $10.83.

Let’s move on to crypto lending and borrowing protocol Aave (AAVE), a crypto strategist To tell In light of the recent market-wide correction, he sees altcoins as range trading candidates, with support at $80 and resistance at $103.

This is trending downward as the market as a whole is adjusting.

A breakout of the resistance and a break below $103 accelerated the correction.

Support is $80-$82. $103 is a key resistance. Rangebound play.

Aave has been in the red all week and is now down nearly 15% in a day and trading at $84.31.

Also on Van de Poppe’s watchlist is enterprise-grade blockchain platform Elrond (EGLD), which has been steadily declining since August 10th.the analyst is setting Two levels of support: one at $50 and $44 if the first surrenders.

Significant levels of support and confluence on multiple timeframes.

The gap that was practically the last gap was closed. There may be a market bottom argument out there.

Resistance is $57. Break there = new high. Support: $50 and $44.

Elrond is down 8.79% and is trading at $52.37. The altcoin was trading above $69 just a week ago.

Regarding Polkadot (DOT), a cross-chain interoperability protocol, cryptocurrency analysts believe that if it can regain $7.70, it could rise to $8.40.But van de Poppe Note On the possibility of DOT losing support at $7.

If it regains $7.70, it will likely retest at $8.40, so we are looking for a trigger here.

Otherwise, it will be a game of patience and we will have to see if below $7 is a long trigger.

Polkadot’s price reflects the decline in the overall crypto market through the end of the week, with the DOT currently losing nearly 12.5% and valued at $7.35.

Last on Van de Poppe’s radar is EOS (EOS), an open-source decentralized platform whose smart contract capabilities make it a direct competitor to Ethereum (ETH).

Traders soon followed a sharp correction move in response to altcoins’ mid-week rally that ignored broader market trends. advise His followers avoid chasing coins that have already been pumped.

Looking at the structure, lessons should be learned from this recent EOS move.Don’t chase the pump!

In this case, we will see if the price falls to $1.18 and then goes long to regain $1.30. The same applies to reclaiming $1.40 territory.

Back on Tuesday, EOS jumped 27.9% from $1.29 to $1.65, but then bounced back. At the time of writing, EOS is down 16.24% and is trading at $1.27.

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