Van de Poppe Lists 5 Altcoins That Could Rally In The Bull Cycle’s Next Phase
Michaël van de Poppe, a top cryptocurrency analyst, lists five altcoins that he predicts incoming rallies, as the crypto market is preparing for a new phase of the bull cycle.
Cosmos (ATOM)
In a recent video, the digital asset strategist shared with his 144K subscribers on YouTube that closely following Cosmos, a project also known as “the internet of blockchains.” Looking into the native token ATOM against Bitcoin, Van de Poppe has a wide range where the pair could bottom out.
“This entire region that we’ve got here [0.00045 BTC – 0.00037 BTC] is definitely what I’m seeking in the coming period for a potential entry point.”
Chainlink (LINK)
Next up is is decentralized oracle network Chainlink. LINK is still in a downtrend against Bitcoin (LINK/BTC), but according to the trader, it spark into a rally early next year.
“We might be concluding that we’re getting to the end of this corrective period in which we might be wanting to break this one up and flip some levels before we start continuing.
Moving averages are also getting into play at this stage, which is resulting into this sideways action, but once we flip the moving averages, this is definitely one that I want to buy.”
Curve (CRV)
The third coin on the analyst’s list is Curve (CRV), the governance token of stablecoin-focused decentralized exchange (DEX) Curve Finance. According to Van de Poppe Curve is flashing some signs of strength against Bitcoin (BTC/CRV), but must clear resistance at 0.0001 BTC for bullish continuation.
Aave (AAVE)
Van de Poppe is also looking into the lending and borrowing protocol Aave. AAVE against BTC is one resistance away from igniting a huge rally.
“If we break through this one [0.005690 BTC], I’m expecting acceleration all the way towards the highs here [0.01 BTC], most likely towards the other side of the range. We’ve seen it happening previously.”
VeChain (VET)
The fifth and last altcoin on the analyst’s list is supply chain management blockchain VeChain (VET). According to Van de Poppe says VET is still in a downtrend against Bitcoin (VET/BTC) but could find support at 0.0000015 BTC and reverse the trend.
“We’re seeing lower highs, lower lows here through which I think we want to see a retest happening at these lower bounds. You want to get a retest going in this region here before we’re going to have any expansion, but definitely, a beautiful one that is having those cycles before we start to expand into a new cycle.”
