Bitcoin’s surprising 10 percent increase, which took the largest cryptocurrency above $22,000, shocked the cryptocurrency investors.
Bullish vibes continued in the cryptocurrency markets for a second day in a row as top coin values recently experienced significant increases.
The market capitalization of all cryptocurrencies increased by over 6 percent in the previous day to $972 billion, and Bitcoin finally traded above $22,000 after several days.
Four of the top 100 altcoins by market cap are the focus of this analysis by well-known cryptocurrency analyst Michal van de Poppe.
Van de Poppe explains that before XRP can move higher, it must convert its current resistance level of $0.33 into support.
He claims that although XRP is beginning to look better, it still needs to flip $0.33 to continue. He then speculates that $0.43 might be the next destination. XRP is currently trading at $0.34 and has increased by more than 2% over the past 24 hours as of the time of writing.
Further Van de Poppe says that the price of MATIC could increase by more than 20% from its current level. The trader anticipates a progression from this point towards $0.65, and it’s looking quite nice. At the time of this writing, Polygon is trading for $0.52.
Cardano (ADA), according to the cryptocurrency dealer, could increase until it reaches $0.48. He claims that the $0.48 ADA Party time trigger. Up till then, still supported
The cryptocurrency trader concludes his analysis with Fantom, the native token of scalable blockchain with smart contracts (FTM).
According to Van de Poppe, FTM will likely increase by more than 60% from its current level as it continues on its rising trend. He may be looking at $0.44-0.53 levels.
