Crypto analyst Michaël van de Poppe, who shared his cryptocurrency predictions on his youtube channel Crypto Michaël and social media to his tens of thousands of followers, shared his predictions for some altcoins in a new video post.
The crypto market started the first day of 2022 sluggish. While Bitcoin is trying to hold above $47,000, Ethereum is trying to hold the $3,700 level. While the market started the new year with a volume of $ 2.24 trillion, the largest share in this volume belongs to Bitcoin with $ 889 trillion. Ethereum is behind the leading cryptocurrency with $442 billion.
In Michaël van de Poppe's new altcoin video post, he outlined the price direction of the altcoins Algorand (ALGO), The Sandbox (SAND), Chainlink (LINK), Curve DAO Token (CRV) and Swipe (SXP).
Poppe first said that Algorand is entering a period where investors must ideally place their money at the lowest price levels to make the most of swing trading opportunities. He stated that if Algorand breaks the $1.75 resistance, it could bounce back by 35% to $2.25.
The Sandbox (SAND)
Another cryptocurrency on Van de Poppe's list is The Sandbox (SAND), one of the best in Metaverse. He thinks that if the coin drops below $5.10, it will be a buying opportunity for the next rally.
Curve DAO Token (CRV) and Swipe (SXP)
The analyst also revealed potential entry points for the CRV, which is currently facing resistance at around $6. Poppe stated that the ideal buying point for the CRV is $4.50. He predicted that if CRV breaks $6.10, it will rise to $8.
Lastly, speaking for SXP, Poppe stated that the buying opportunity is at the $1.70 level and that if the altcoin exceeds $2.20, a new rally will begin. SXP is trading at $2.11.