A top crypto strategist is predicting sustained uptrends for a handful of altcoins including Cardano (ADA) and Chainlink (LINK).
Michaël van de Poppe tells his 621,500 Twitter followers that smart contract platform Cardano appears to be gearing up for a fresh rally to the upside.
“Looking for continuation as it has been testing the resistance zone many times. Breaking $0.55 would trigger continuation towards $0.67 and that flip would grant a trigger for long entries as well.”
At time of writing, ADA is swapping hands for $0.50, down 4.65% on the day.
Next up is decentralized oracle network Chainlink. Van de Poppe says he sees LINK correcting to around $8 before it could ignite a new leg up.
“This one is trending upwards.
Looking like a flip of $8 can grant continuation towards $12-$12.50.
Still an opportunity of a lifetime with current prices. Medium target could be $13.50-15.00. Must-hold range is $7.50-$8.00.”
At time of writing, LINK is trading at $8.46, a nearly 4% decrease on the day.
Another altcoin on the trader’s radar is smart contract protocol Fantom (FTM). According to Van de Poppe, FTM could explode as long as it stays above a crucial support level.
“Looking strong and trending upwards. I’m still in my longs and have been trading in between… Expecting continuation towards $0.45 and $0.50 if $0.34 holds.”
At time of writing, FTM is changing hands for $0.36, down over 5% in the past 24 hours.
The last coin is Quant (QNT), a protocol that aims to enable multiple blockchains to interact seamlessly. Van de Poppe says QNT is in a strong uptrend and he’s waiting for a dip to $110.
“Showing strength, and that’s good… $140 area is resistance. $110 [is] area [for] potential long entries.”
At time of writing, QNT is valued at $122.74, down 2.74% in the last day.
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Check Price Action
Follow us on TwitterFacebook 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/d3verro