Van de Poppe Draws The Path For 6 Altcoins: ADA, LINK, VRA, SKALE, ZIL & HOT
Michaël van de Poppe, a popular crypto trader and analyst draws the paths for six altcoins, amid the signs of crypto market wide recovery.
Cardano ADA Weak Against Bitcoin
In a recent video, Van de Poppe tells his 109K YouTube subscribers that he’s eyeing Cardano, which according to the trader is showing signs of weakness against Bitcoin pair (ADA/BTC) as it forms a descending triangle pattern.
“Given those wicks (around 0.000033 or $1.23), the liquidity is most likely beneath those in which a dip toward the support level (0.000029 or $1.08) would not be strange to be happening to Cardano.”
As for the ADA/USD pair, Van de Poppe marks $1.48 and $1.85 as the key price levels to break.
Chainlink LINK On Track Hit $28
According to the analyst Chainlink (LINK) is currently following a script that could take the decentralized oracle network up to $28.
— Michaël van de Poppe (@CryptoMichNL) July 26, 2021
Verasity VRA Needs To Breakout To Enter Bull Cycle
E-sport and video entertainment platform Verasity (VRA) is also in Van de Poppe’s scope. He reasons that VRA has not confirmed any sort of breakout and will need to pass key areas of resistance before it enters a new bull cycle.
“This one is unchanged as it bounced from heavy support.
Needs to break $0.01 and $0.0135. If that happens, then $0.024 is next. Overall, might be up for the start of a new cycle.”
— Michaël van de Poppe (@CryptoMichNL) July 25, 2021
Skale Network – SKALE/BTC Likely at Bottom
The analyst says that Scalable Ethereum sidechain Skale Network (SKALE), has likely bottomed out against Bitcoin (SKALE/BTC). According to him the asset should break through resistance at 0.00000814 BTC, worth about $0.30, to indicate a breakout.
“This one is most likely bottomed out too as it’s on heavy support.”
— Michaël van de Poppe (@CryptoMichNL) July 25, 2021
Zilliqa ZIL/BTC Bounced Heavilty From Support
High-throughput blockchain Zilliqa (ZIL) has bounced off heavy support against Bitcoin (ZIL/BTC), it must take out resistances at 0.0000027 ($0.10) and 0.00000347 ($0.13) to reverse its trend, according to Van de Poppe.
“Heavy bounce from support here, through which the next resistance zone is around 270 sats (0.0000027).”
— Michaël van de Poppe (@CryptoMichNL) July 25, 2021
Holo Has Two Potential Scenarios
According to the analyst the decentralized hosting platform Holo has two scenarios that could ignite a breakout against Bitcoin: HOT/BTC must take out resistance at 0.0054, worth $201 at time of writing, to kick off a rally, he says.
“This one has fully retraced and therefore could be interesting. I’m looking at two potential scenarios here.”
