Michaël van de Poppe, with 578,600 Twitter followers, shared the next technical levels for ADA, MANA, RUNE, ZIL and FTM. Let’s take a look at the analyst’s expectations, keeping in mind that the estimates are not certain.
What’s next in rally ADA, MANA, RUNE, ZIL and FTM?
Popular crypto analyst Michaël van de Poppe thinks the above cryptocurrencies will have various reactions to the altcoin market’s recent price momentum. In his recent analysis, the analyst said that Proof of Stake Blockchain Cardano (ADA) is gathering liquidity and moving into upward resistance.
Analyst says the Ethereum (ETH) rival may continue to rise towards the $1.45 price range, but warns it will not “follow here for long.” At the time of writing, ADA is trading on the dollar at $1.18.
FTM and RUNE approach critical resistances
Van de Poppe also thinks that another ETH competitor, Phantom (FTM), may be about to bump into resistance:
FTM for liquidity now showing strength after sweeping the bottoms. We want to see if we can follow the resistance at $1.50. Until then, we can catch an upward momentum.
FTM is trading at $1.40 at the time of writing. Continuing the analysis, Van de Poppe calls for caution regarding the highly efficient Blockchain Zilliqa (ZIL). Last week, ZIL rallied from around $0.049 to over $0.118. The 87th coin by market cap is trading at $0.102392 at the time of writing. Like FTM, the analyst thinks that ZIL price will set a direction after a critical level:
The first level I will look for for some trades is the $0.08 region.
By contrast, Van de Poppe thinks MANA, the native cryptocurrency of virtual reality platform Decentraland, may be on the brink of explosion:
MANA is slowly waking up . It is struggling with the resistance, but if it breaks, liquidity emerges and we could see it continue up 35% towards $3.75. As
Kriptokoin.com, we have included the analysis, MANA is trading at $2.69 at the time of writing. The analyst also sees potential gains on the horizon for the decentralized exchange protocol THORChain (RUNE):
RUNE continues to show strength. The minimal retracement should lead to more upward momentum as it is currently fighting resistance. He’s looking at $9.30 to hold. If we break up, $13-14 could be possible.
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