Van de Poppe: ATOM Is Ready For A New Bull Cycle, Draws Support Level For ADA
According to Michaël van de Poppe, a top cryptocurrency analyst and trader, Cosmos (ATOM) could resume its uptrend. He also identifies potential reversal points for Cardano (ADA).
Cosmos (ATOM)
Van de Poppe shares with his 134K subscribers on YouTube subscribers that if the scalable and interoperable ecosystem Cosmos could break above 0.0007 BTC ($39.43), it would confirm bullish momentum. At the same time it wouldn’t be a huge surprise, if ATOM drop lower before starting ascending again.
“Levels that I am watching with ATOM: anything in these ranges (0.0007 BTC), that is where we should be breaking through. So if we get a bounce like this and Bitcoin is going to accelerate again, I’m not surprised if we get a correction even further to anywhere around 0.00043 BTC to 0.00047 BTC, before we actually start a new bull cycle.”
Cardano (ADA)
The trader predicts the proof-of-stake blockchain Cardano (ADA) to go further down against Bitcoin (ADA/BTC), as it finds a stronger support levels.
“Cardano against Bitcoin, we’ve also marked a few levels, got there, no real strong bounce yet. So we clearly want to get more confirmation going on the markets before we’re going to have some serious momentum once again.”
The level he is referring to is 0.00003 BTC ($1.71).
“Got there for Cardano.
Personally, I’m more interested around the 3000 sats zone.”
