Widely followed cryptocurrency analyst Michaël van de Poppe describes five altcoin projects he has his eye on, highlighting key price zones for the cryptocurrency. Here are the details…
Analyst explained altcoin comments
Van de Poppe, starting with Cardano (ADA), said he would only deal with the coin if it retraces the 0.00002690 BTC ($1.08) paired with Bitcoin . Alternatively, the crypto analyst says Cardano could buy if it drops below 0.00001931 BTC ($0.77). He says he’s not interested unless higher levels are seen and the green zone is entered.
Van de Poppe also gives his comments for Cosmos (ATOM). He says that if ATOM falls into the range around the $21.19 price level, it will ignite his interest. He mentions that there is still low interest in the current range of ATOM.
The third crypto asset Van de Poppe looked at was the native token of the scalable Blockchain Harmony (ONE) with smart contract. The crypto analyst and trader says the ONE can be bought if it drops to 0.00000280 BTC ($0.11) when paired with Bitcoin. He states that he is still waiting for these levels for ONE.
What to see at SKL and EGLD?
Next is EGLD, the utility token of the scalable smart contract-enabled Blockchain Elrond. Van de Poppe says he will be intrigued if EGLD breaks above a resistance zone around the $199.23 price level or drops to the $128.04 price level. He thinks EGLD could attract interest if it breaks out of this range or bottoms out for liquidity.
Completing the five altcoin list, the coin became the SKL local token of SKALE, the Ethereum scaling network, as we have also reported as Kriptokoin.com. Van de Poppe said that after a rally, the price of SKL has pulled back significantly and a price between $0.1816 and $0.1852 will interest him. He states that there is heavy running in SKL and that a correction is currently being seen. While pointing to this range as the area where coin started to be interested, he points out that there is a heavy correction at these points as the reason behind it.
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