A widely followed crypto strategist said he expects to witness bullish continuation for Cosmos (ATOM), Binance (BNB) and two additional cryptocurrencies. Here are the details…
Latest situation in BNB and Cardano: What are the prospects?
Analyst Michaël van de Poppe tells his 615,800 Twitter followers that smart contract platform Cardano needs to hit the immediate resistance at $0.47 to fire up the next leg. The analyst uses the following statements:
This looks ready to continue as a support/resistance exchange takes place in the $0.46 area. We should see the same thing at the $0.47 level. Then we’ll speed up. $0.55 is targeted as the next zone.
At the time of writing, Cardano is changing hands for $0.46. Next, the analyst points to Binance Coin, the utility of the crypto exchange Binance. With BNB currently trading at $231, Van de Poppe says he expects the fifth-largest crypto asset to revisit immediate support. According to the analyst, BNB is doing pretty well. The analyst talks about the continuation of the momentum while stating that the altcoin turned $215 for support. It points at $255-260 as resistance. However, if it breaks below $240, it marks $215.
Rally expectation for Cosmos and other cryptocurrencies
Another altcoin on the analyst’s radar is Cosmos (ATOM), a blockchain ecosystem designed for both scalability and interoperability. Van de Poppe said he expects ATOM to continue its short-term uptrend up to $12. Van de Poppe used the following expressions:
Far too good. This is bullish and it must stay above $8.50 to avoid a breakdown. If that happens, we will likely see it continue towards $10 and possibly $12.
At the time of writing, Cosmos is changing hands for $8.84, which represents over 35 percent upside potential from Van de Poppe’s target. The last altcoin on the trader’s radar is Ethereum rival Harmony (ONE), which Van de Poppe says will rise by about 20 percent from current prices in the short term. The analyst used the following statements:
It looks the same as the rest of the markets. However, we expect it to continue towards $0.025 here. If we keep it at $0.02, it’s fine.
At the time of writing, Harmony is valued at $0.021, down over 8 percent on the day. The total cryptocurrency market, on the other hand, is moving sideways. With Bitcoin and other cryptocurrencies making slight accelerations, the total crypto money market is around $ 955 billion.
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