Closely-followed crypto analyst Michaël van de Poppe says Ethereum rival Harmony (ONE) looks very bullish as he predicts a new market cycle for Cardano (ADA).
Van de Poppe tells his 560,800 Twitter followers that he sees Harmony, a blockchain focused on powering a decentralized economy, taking out its final resistance area and rallying by as much as 71% from its current price of $0.32.
“Heavily bullish here. Great [resistance to support] flips.
Looking for continuation towards $0.50-$0.55.”
Next up is smart contract Cardano, which Van de Poppe posits may have launched a new market cycle against Bitcoin (ADA/BTC) after losing over 50% of its value in about four months.
“New cycle has started? Looking quite good.”
At time of writing, ADA is trading at 0.000038 BTC ($1.62), up over 46% from its 2022 low of 0.000026 BTC ($1.10).
Another coin on Van de Poppe’s radar is virtual reality platform Decentraland (MANA). According to the crypto strategist, MANA must stay above support at $2.50 to have a shot at sustaining its bullish momentum.
“Crucial area seems to be holding -> bullish continuation?”
Currently, MANA is exchanging hands at $2.91.
The last coin on the list is The Graph (GRT), a platform that indexes and organizes blockchain data. Van de Poppe says GRT must take out its immediate resistance to generate bullish momentum.
“This one needs to break through a crucial level. If that happens, the trend is likely going to reverse.
Crucial area: between $0.625-$0.65.”
At time of writing, GRT is trading at $0.55.
Check Price Action
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/Alberto Andrei Rosu/Mingirov Yuriy
Credit: Source link
