Popular cryptocurrency analyst and trader Michaël van de Poppe says he is currently watching five altcoins that can potentially surge in the coming weeks.
First on Van de Poppe’s list is blockchain indexing protocol The Graph (GRT) which he says is poised to end its downtrend and possibly revisit its all-time high against Bitcoin at 0.000061 BTC, worth $2.82 at time of writing.
“I think that given the fact that we’re changing the entire cycle towards a bullish one, the chances of it running towards [0.000035 BTC or $1.62] or maybe even the all-time high are significant.”
GRT is trading at 0.00001864 BTC ($0.86) at the time of writing, according to CoinGecko.
The token of Ethereum-compatible network Skale Network (SKL) is the second altcoin on Van de Poppe’s watchlist. The crypto analyst and trader says that on the SKL/BTC chart, the token must take out its immediate resistance of 0.0000076 BTC, worth $0.35, to ignite a strong rally.
“If it breaks out of here, you’re going to look at a run towards the highs around [0.0000145 BTC or $0.67]. And probably we’re going to make new highs overall, meaning that Skale is going to be one of those big runners.”
The token of crypto debit card issuer Swipe (SXP) is the third altcoin Van de Poppe is watching. According to the crypto analyst, he doesn’t expect SXP to immediately take out its resistance at $3.64.
“We are facing resistance with Swipe, so breaking through that is not expected to be happening. Where do we want to take the entry? This is the first real entry point that you are looking at ($2.59) or when it flips here ($3.64 resistance into support).”
Scalability-focused blockchain Zilliqa (ZIL) is the fourth altcoin on Van de Poppe’s radar. The crypto trader says the ZIL/BTC is ready for a big run after finding support at 0.000002 BTC or $0.09.
“If we are going to get ourselves a new high, the chance of it going towards [0.000007 BTC or $0.32] or at least above a [0.00001 BTC or $0.46] are just quite normal to be expecting.”
Van de Poppe ends the list with the token of layer-2 scaling platform Celer Network (CELR). According to the crypto trader, the CELR/BTC pair looks ripe for a rally after retesting crucial support at 0.0000007 BTC ($0.03).
The crypto strategist says that the targets for the pair’s potential surge are 0.0000029 BTC or $0.13, 0.0000046 BTC ($0.21) and 0.0000063 BTC ($0.29).
I
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/Corona Borealis Studio/Dario Lo Presti
Credit: Source link
