Van de Poppe Looks Into Cardano (ADA), Fantom (FTM) And Harmony (ONE)
A top crypto analyst and trader, Michaël van de Poppe, looks into Ethereum competitors Cardano (ADA), Fantom (FTM) and Harmony (ONE), and identifies key levels.
Cardano (ADA)
Van de Poppe shared with his 564.9K followers on Twitter that smart contract platform Cardano should break $1.20 in order to restest $1.50.
“This one made a fake breakout above $1.50. Dumped back towards the range. If it wants to retest the $1.50 area, then I’d be looking at a flip and reclaim of $1.20 first.”
At time of writing, Cardano is trading at $1.03 with 2.6% loss on the daily.
Fantom (FTM)
The analyst is also looking into Fantom (FTM) – a highly scalable blockchain for decentralized finance (DeFi), decentralized applications (DApps) and enterprise applications.
Focusing on FTM/BTC pair, Van de Poppe says that FTM has held support at 0.00005 BTC. In order to ignite a rally, it should clear resistance at 0.000068 BTC.
“Crucial area to hold to avoid a nuke was the 6800 sats zone. Didn’t hold, nuke towards support and a strong bounce from that region already. Support between 5100-5400 sats (0.00005 BTC – 0.000054 BTC), resistance at 6800 (0.000068 BTC) sats. If that breaks -> new impulse wave.”
At time of writing, the FTM is trading at 0.00006351 BT, with 4.12% upside on the daily.
Harmony (ONE)
The trader finally turns his focus on Harmony (ONE), a blockchain focused on powering a decentralized economy. According to Van de Poppe, ONE against Bitcoin (ONE/BTC) looks to be offering a good entry level opportunity.
“If you’d want to enter ONE, this is probably the region you’ve been looking for.”
