Alongside the strong recovery in March, some altcoins exhibited daily rallies independent of their competitors. 2 popular crypto analysts evaluate the levels that AUDIO and 5 altcoins must exceed in order to perform similarly.
AUDIO, LINK, LOOKS, RSR and CRV analysis
Popular crypto analyst Michaël van de Poppe for decentralized oracle network Chainlink (LINK), Ethereum competitor Near (NEAR) and three additional altcoins predicts the next levels. With 580,200 Twitter followers, Van de Poppe is browsing the LINK/ETH pair to find an altcoin that will outperform Ethereum:
I still think LINK is a huge thing to have in your portfolio.
Looking at Van de Poppe’s chart, the LINK/ETH pair seems to stabilize after falling for over a year. Next up is smart contract platform Near, which Van de Poppe says is starting to build bullish momentum. Looking at the chart below, the analyst identifies critical technical levels:
A crucial support to hold and potentially buy the bottom opportunity: the area around $14. Resistance points: $18 and $20 zone.
Another altcoin on the list is NFT marketplace LookRare’s native token LOOKS. Van de Poppe says LOOKS price is currently trading in a wide range between $2 and $3.50:
A clear resistance point can be found here around $3.50. There could be a clear support point at $2.
The analyst is also looking at the asset-backed stablecoin Reserve Rights Token (RSR), known as the Reserve Token (RSV). Van de Poppe says he watches the price action of the RSR against Bitcoin (RSR/BTC), which he says is at a potential breakout point.
The latest altcoin on the analyst’s radar is Audius (AUDIO), a decentralized sharing and streaming protocol for audio files. Van de Poppe predicts bullish continuation for AUDIO after taking resistance at $1.25:
AUDIO looks good. It may even continue towards $2.25. This time I’m looking at $1.25 for bottom buys.
Credible expects serious gains in Ethereum-based altcoin projects
Credible, whose analysis we share as Kriptokoin.com, has recently been analyzed by Ethereum-based Curve Finance (CRV) He said he was “overhauling his engines”. The analyst thinks that CRV price could revisit the “middle 2” range if Bitcoin (BTC) returns to $40,000. He also predicts that the CRV will “soon” return to the $4-$5 range. The CRV has not reached these heights since mid-January.
Credible also predicts a pullback for DeFi altcoin Convex Finance (CVX). According to the analyst, CVX could pull back to the $20-30 zone before reaching $40.
26716
