Michaël van de Poppe Is Buying the Dip on These Five Altcoins
Widely followed crypto analyst and trader Michaël van de Poppe reveals 5 altcoins that he sees going up this June.
In a recent video, the trader says he is following closely the liquidity aggregator Orion Protocol as he sees the low-cap altcoin holding up well against Bitcoin (ORN/BTC) despite overall market volatility.
“The reason why I’m looking at Orion is not only based on the price action but it’s also based on the fact that during heavy volatility Orion is not breaking down…
If we look at the price action, we can see Orion has made a very nice upwards move during the previous part of the year, during the previous altseason as well, and now we can see we are making higher highs and higher lows.”
The dutch analyst adds that anywhere in the 0.00017 range is where he is bidding on Orion. Van de Poppe’s target is resistance of 0.00025, representing a potential upside of nearly 50% from his buy zone.
The second asset on his list is scalable and secure cryptocurrency Algorand (ALGO). The trader points out that ALGO has been able to securely hold onto the 100 and 200-day moving averages and is also making higher lows in its BTC pair (ALGO/BTC).
Van de Poppe assumes that if ALGO holds around the 0.000027 level, it will continue its journey to his target of 0.00004.
The third asset Van de Poppe is watching is decentralized finance lending protocol Kava, which is also trading above the 100 and 200-day moving averages in its BTC pair (KAVA/BTC).
Scalable blockchain network Cosmos (ATOM) also appears bullish, notes Van de Poppe, and will likely see a big impulse wave soon in its Bitcoin pair (ATOM/BTC), as it has been in an accumulation phase for a significant period.
Finally, Van de Poppe is eyeing top oracle project Chainlink against Bitcoin (LINK/BTC), which could lead the way for other oracle projects as well.
Since its harsh breakdown, Chainlink has managed to stay above the 100 and 200-day moving average indicators. LINK appears to be finding support at 0.00077, says Van de Poppe, which could be a good buy zone.
