The cryptocurrency market has spent the past few weeks recovering. Bitcoin and Ethereum are trading above 30 thousand and 2 thousand dollars again at the start of the new week. There is a slight improvement in the market as well. According to a popular Twitter analyst, 3 altcoins may be trading in key opportunity zones that could sustain this momentum. Let’s look at the technical levels, keeping in mind that forecasts are not precise. According to
Michaal van de Poppe, MATIC and 2 altcoins could see high gains
Michaal van de Poppe, with 602,900 Twitter followers, in his recent analysis that Blockchain scaling solution Polygon remains above a critical support zone He says he is ready for the breakthrough. Sharing the chart below, the analyst points out the following technical levels:
I expect support around $0.59 for MATIC. If it breaks the $0.70 resistance, the road will be clear. There’s great basic news, so I’ll be keeping an eye on MATIC. If $0.59 is lost, the ideal long level is $0.45.
MATIC is trading at $0.6956 at the time of writing. It has risen over 5% in the last 24 hours.
Next comes Zilliqa, a Blockchain built for business applications
According to Van de Poppe, ZIL is showing signs of strength as it trades in a small range. For ZIL, the analyst sets the following levels:
We’ll see if $0.05 can hold the support. If that’s the case, I expect an increase between $0.062-$0.067.
At the time of writing, ZIL is trading at $0.05716, up slightly in the last 24 hours. It has gained 15% since last week.
XAcademy Network (XCAD), the last altcoin on Poppe’s radar
Cryptokoin.com, whose analysis we shared, Van de Poppe says that XCAD is on the rise and will wait for a drop before making long bets:
I expect this to continue to perform well as all improvements approach. Definitely on my radar. Also, I won’t be following here for long. I’m looking for something around $2.50.
XCAD Network provides creators with DeFi tools to create an incentivized economy by tokenizing the engagement of each creator’s audience and content. It is trading at $3.74 at the time of writing.
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