Analyst: “It Doesn’t Surprise Me”
Cryptocurrency strategist Michaël van de Poppe explained to his 642,900 Twitter followers that the Phantom (FTM) altcoin has been on a strong rally this week before experiencing a temporary pullback. The trader said he expects FTM to hold support in the $0.22 to $0.24 price range before the bulls push it towards $0.50:
“There was a very strong movement in FTM last week. It is back to $0.26 which is a good sign. There will probably be a correction at some point where I can see $0.24 and $0.22, but it wouldn’t surprise me if it hits $0.40-0.50 in one to two weeks.”
Next, the same strategist focused on blockchain scaling solution Polygon (MATIC) and predicted a rally that could possibly retest the $1.30 price level:
“He’s been showing strength lately. If he bids $0.84 long, I’ll be looking for a price there. Moreover, I expect it to continue towards $1 and above, potentially retesting $1.30 over the next few weeks.”
In the Eight Global newsletter, Van de Poppe focused on the peer-to-peer payment network Litecoin (LTC) and said it outperformed other altcoins:
“Litecoin is moving strongly as it continues to break out of its range. Many altcoins saw new lows, but Litecoin did not, breaking the resistance at $65 and making a significant rise towards $80.”
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