Popular cryptocurrency strategist Michael van de Poppe predicts the future of six altcoins, including Binance Coin (BNB) and Chainlink (LINK).
Van de Poppe told his 622,300 Twitter followers that BNB, the utility token of crypto exchange Binance, is still on a strong upward trend, but expects a slight setback in the short term. Told.
“We’re seeing if $295 holds support. If so (and I doubt we’ll retest), $375 is next.”
At the time of writing, BNB is trading at $316.
Next is the decentralized oracle network Chainlink. According to the crypto strategist, he also expects a shallow pullback before his LINK rises towards his $12 topside target.
We expect $8 to hold as support, after which $12 is on the board as a potential target.
At the time of writing, LINK is trading at $8.51, down 2.29% for the day.
Another altcoin that Van de Poppe has his eye on is Litecoin (LTC), a peer-to-peer payment network. Analysts say LTC needs to hold onto near-term support if it is to continue its uptrend.
Trend is still up but facing significant resistance at $65. We would like to sustain above $58 and are looking long around $60. I have no doubt it will continue to $, possibly $95.
As of this writing, LTC is trading at $61.75, up 1% over the past 24 hours.
Harmony (ONE), a smart contract platform, is also on Van de Poppe’s list. Traders say Harmony is gaining momentum on the Bitcoin pair (ONE/BTC).
The support clear order block should hold around 0.00000115 BTC ($0.027). In that case, we expect another push towards 0.00000165 BTC ($0.039). It is also in the region of 0.00000125 BTC ($0.027-$0.030).
At the time of writing, ONE/BTC is worth 0.00000124 BTC ($0.03).
The fifth altcoin is Celer Network (CELR), a scaling platform designed to enable off-chain transactions in a secure manner. Van de Poppe predicts CELR will rise 40% of him as long as the bulls hold the coin’s closest support.
The trend is on the upside as it continues to make high lows. We would like $0.0235 to $0.024 to hold as support, after which $0.034 is possible.
As of this writing, CELR is up over 3% at $0.025.
Van de Poppe will also monitor the price movement of the Reserve Rights (RSR) token, a cryptocurrency intended to promote the stability of the asset-backed stablecoin known as the Reserve Token (RSV). doing. According to the crypto strategist, the RSR is a bit cautious in trading as a loss of support at $0.007 could cause him to drop more than 17%.
It’s currently in support, but if it’s lost, I don’t know if I want to play at $0.0065 or $0.00575.
The RSR was flat on the day, trading at $0.0074.
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