Analyst van de Poppe Projects Breakouts For Three Altcoins: MATIC, ZIL, XCAD
According to a leading crypto market analyst Michaël van de Poppe, three altcoins Polygon (MATIC), Zilliqa (ZIL) and XCAD Network (XCAD) look ready to rally.
Polygon (MATIC)
The analyst shared with his 603.7K Twitter followers that the native token of a blockchain scaling solution Polygon could stage a breakout, but in order to do so, it must stay above its immediate support area.
“This one I’m looking to see support sustain around $0.59.
If it cracks the $0.70 barrier, gates are open for a move.
Great fundamental news, so would be watching this one for movements.
— Michaël van de Poppe (@CryptoMichNL) May 20, 2022
At time of writing, MATIC trades at $0.68, up 4.4% on the daily chart.
XCAD Network (XCAD)
Next up is XCAD, the native utility token of non-fungible token (NFT) marketplace XCAD Network. XCAD looks bullish, according to van de Poppe. He expects further pullback before entering long positions.
“This one is showing strength, and I’m expecting this one to continue doing well with all the updates coming up.
— Michaël van de Poppe (@CryptoMichNL) May 20, 2022
At the time of writing, XCAD trades at $3.87, up 4.3% on the daily.
Zilliqa (ZIL)
Looking into Zilliqa, a blockchain designed for enterprise solutions, van de Poppe says that similar to XCAD, ZIL is looking strong and trading within a narrow range.
“This one is showing strength and is most likely going to follow $XCAD.
Good build-up here and consistent range.
Looking to see whether $0.05 sustains support.
If so, I’m expecting a run towards $0.062-0.067 as possible.”
