Sahana Vibhute, a cryptocurrency researcher, shared her expectations for various altcoin projects. Vibhute shared the coins below saying, “It can do 10x.” The researcher’s focus is on well-known altcoins. Meanwhile, there are comments by Michael van de Poppe for some of these coins. Here are the details…
The first cryptocurrency in the focus of the researcher: Cardano (ADA)
According to Vibhute, Cardano price has been testing resistance zones very frequently for a month now and trying to weaken it. With the last pump, ADA price broke above the bearish triangle. It tested the $0.55 levels. However, the price faced significant rejection. Afterwards, a significant regression in the formation began to be expected. However, on the higher timeframe, Cardano’s price looks quite high. According to Vibhute, ADA has the potential for a long jump.
Analyst, Michael van de Poppe, believes that the ADA price may continue to test the important resistance ahead as it has for a long time. Moreover, at the end of the monthly trade, the asset could receive enough support to test and clear the resistance at $0.55. This could trigger a bounce towards $0.67. Once these levels are cleared, it can also trigger long entries.
Second altcoin: Phantom (FTM)
According to the researcher, the Phantom price has risen above the lower consolidation. It is on its way to test the upper resistance at $0.43 and it crosses $0.4. However, the asset is undergoing a parabolic recovery. The researcher expects the coin to reach high levels immediately. The asset looks set for a pullback and hits the critical support at $0.35. Also, FTM price could recover well from these levels. It can regain lost levels and cut $0.4 to hit the first target at $0.44. However, it tests the second target at $0.49. According to Vibhute, if it secures above $0.5, the price may be outside the danger zone.
Last coin on the list: Zilliqa (ZIL)
Zilliqa’s price is also shifting significantly towards the key resistance zone between $0.55 and $0.57. Therefore, it shows great bullish momentum, according to the expert. However, the asset is consolidating around levels gained over the past few days. As such, it shows great potential to recover from extreme bearish pressure. ZIL price rallied each time it visited the lower $0.035 support. However, it was also rejected at the $0.048 levels. Analysts seem to have hope for it to reach $0.06 from $0.055 with the upside trajectory that was fired at the beginning of August trading.
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