A popular analyst alias Altcoin Sherpa shares his views on three cryptocurrencies amid market volatility. Another popular analyst, Michaël van de Poppe, also explains his predictions about the four altcoin projects on his radar.
“It is possible for Bitcoin to make a 5% run”
Altcoin Sherpa says that Bitcoin (BTC) has formed a short-term bottom just below the $21,000 level. According to the analyst, he notes that Bitcoin is likely to see a 5% increase from its current price. In this context, the analyst makes the following statement:
Overall, nothing has changed for BTC. I think this is still a short term bottom. I’m expecting a move to $23,000 or something. The lowest levels are certainly possible. But I don’t expect high timeframe closes at $20,000 lows. I’m still waiting for higher and no clue after that.
Source: Altcoin Sherpa / TwitterAltcoin Sherpa’s analysis of Dogecoin and Chiliz
The analyst then looks at Dogecoin (DOGE), the largest meme coin. Altcoin Sherpa says that Dogecoin currently lacks a clear sense of direction after moving from its three-month high of around $0.09 to the $0.058-$0.077 range. The analyst records the following statements:
DOGE, this is back in range. Not even the leader (this time it was SHIB). There is no clear trend here in the short term. I was a little disappointed about this. I thought it would be a little more difficult.
Source: Altcoin Sherpa / TwitterThe popular analyst concludes his analysis with Chiliz (CHZ), the native token of sports fan engagement platform Socios.com. The analyst sees Chiliz likely to rise about 40% from current levels after hitting triple digits over the past 30 days. From this point of view, the analyst makes the following assessment:
CHZ: Congratulations to everyone who played this. I was thinking of making some profit from here. When it breaks this level, maybe it will continue up to $0.33. But there are so many levels to pass.
Source: Altcoin Sherpa / TwitterChiliz has gained significantly over a 30-day period from a low of $0.1020 recorded on July 27. At press time, CHZ was trading at $0.238, up 133% during this period.
Altcoin projects on the radar: MATIC, BNB, AVAX and FTM
As you follow on Kriptokoin.com, the dollar has been getting stronger lately. Crypto analyst Michaël van de Poppe says that the development in DXY will also affect the cryptocurrency market. Also, the analyst says that blockchain scaling solution Polygon (MATIC) and one of the largest crypto exchanges, Binance’s token, BNB, are on his radar. The popular analyst makes the following statement in this context:
To be honest, I will focus on MATIC and BNB on trends. BNB is moving super strong. Also, the BTC trading pair continues to work. As soon as DXY shows weakness, these will most likely go up.
Meanwhile, Michaël van de Poppe then takes on Avalanche, a strong Ethereum competitor. The analyst makes the following prediction for AVAX:
Due to last week’s correction, many altcoins are falling below their 50-Day MA. If we claim that this will trigger a serious activation, the same goes for AVAX.
Source: Michaël van de Poppe / TwitterAnother cryptocurrency on the popular analyst’s radar is Phantom (FTM). Noting that the altcoin project is currently consolidated, the analyst draws attention to the following levels:
Phantom is currently consolidating. Because the entire market is waiting for the US dollar to reverse or continue for decisions. The daily order block around $0.25 is a strong support. If a reversal occurs, a quick run to $0.365-0.37 is possible.
Source: Michaël van de Poppe / TwitterThe analyst is evaluating the 4-hour chart of FTM. As a result, he says, there is a potential bullish divergence. In this context, Michaël van de Poppe makes the following statement:
Support levels + sweeping bottoms. 4 hour order block for support. If $0.306 is bought back and flipped, a quick run to $0.36 is possible due to the gap.
Source: Michaël van de Poppe / Twitter
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