Crypto Analyst Expects Fantom Rallies, Updates 3 Other Altcoins
A widely recognised crypto expert thinks that Fantom (FTM), which competes with Ethereum (ETH), is about to make a big move up.
Analyst Michal van de Poppe tells his 659,600 Twitter followers that Fantom looks strong as long as its price is above $0.30.
Van de Poppe says that FTM will likely start making a lot of noise when it breaks through its immediate support at $0.33.
“This one looks primed for continuation upwards. Many stops on shorts are ready to be taken, through which holding above $0.30 can lead to a continuation towards $0.40.”
At the time this was written, FTM was worth $0.304.
The machine-learning network Fetch.ai (FET) is the next one. Van de Poppe says he won’t buy the altcoin FET until it breaks through its barrier at $0.25. If not, he wants to join FET at a lower level.
“Flipping and breaking $0.25 is crucial and then I’m interested for longs towards the highs.
Otherwise, the trend continues and then I’m looking at $0.14 or reclaim $0.17.”
At the time this was written, FET was worth $0.23.
Arbitrum (ARB), which helps Ethereum grow, is another currency that traders are interested in. Van de Poppe says that if ARB breaks above $1.30, it is likely to start going up.
At the time of writing, $1.13 is what ARB is worth.
Verasity (VRA), a blockchain for sharing videos, is the last coin that the expert is keeping an eye on. Van de Poppe says that for a big surge to start, VRA must break through support at $0.0058.
“This one looks ready for upwards momentum. Needs to break $0.0058 and then $0.01 is on the cards.”
