Michaël van de Poppe Flags Five Altcoins That He Is Currently Watching
A top cryptocurrency analyst and pro-trader, Michaël van de Poppe is keeping a close eye on five altcoins that according to him are potential gainers in the coming weeks.
The Graph (GRT)
First altcoin on the trader’s list is blockchain indexing protocol The Graph (GRT). Van de Poppe says GRT is ready to end its downtrend and maybe even revisit its all-time high against Bitcoin at 0.000061 BTC, worth $2.80 at time of writing.
“I think that given the fact that we’re changing the entire cycle towards a bullish one, the chances of it running towards [0.000035 BTC or $1.62] or maybe even the all-time high are significant.”
GRT is trading at 0.00002089 BTC ($0.96) at the time of writing, according to CoinGecko.
Skale Network (SKL)
Next on the list is Ethereum-compatible network Skale Network’s native token (SKL). According to Van de Poppe, SKL/BTC chart looks like the token must take out its immediate resistance of 0.0000076 BTC, worth $0.35, to spark a big rally.
“If it breaks out of here, you’re going to look at a run towards the highs around [0.0000145 BTC or $0.67]. And probably we’re going to make new highs overall, meaning that Skale is going to be one of those big runners.”
Swipe (SXP)
The third coin is the native token of crypto debit card issuer Swipe (SXP). Van de Poppe doesn’t expect SXP to immediately take out its resistance at $3.64.
“We are facing resistance with Swipe, so breaking through that is not expected to be happening. Where do we want to take the entry? This is the first real entry point that you are looking at ($2.59) or when it flips here ($3.64 resistance into support).”
Zilliqa (ZIL)
Scalability-focused blockchain Zilliqa (ZIL) is the fourth altcoin on the traders list. He says the ZIL/BTC is ready for a big rally after finding support at 0.000002 BTC or $0.09.
“If we are going to get ourselves a new high, the chance of it going towards [0.000007 BTC or $0.32] or at least above a [0.00001 BTC or $0.46] are just quite normal to be expecting.”
Celer Network (CELR)
The fifth and last altcoin on the analyst’s list is the token of layer-2 scaling platform Celer Network (CELR). According to Van de Poppe, the CELR/BTC pair looks ripe for a rally after retesting crucial support at 0.0000007 BTC ($0.03).
The crypto strategist says that the targets for the pair’s potential surge are 0.0000029 BTC or $0.13, 0.0000046 BTC ($0.21) and 0.0000063 BTC ($0.29).
