{"id":23595,"date":"2022-07-22T04:36:22","date_gmt":"2022-07-22T04:36:22","guid":{"rendered":"http:\/\/egrowonline.com\/?p=23595"},"modified":"2022-07-22T04:36:22","modified_gmt":"2022-07-22T04:36:22","slug":"heres-whats-next-for-polygon-cardano-and-three-additional-altcoins-according-to-analyst-michael-van-de-poppe","status":"publish","type":"post","link":"http:\/\/egrowonline.com\/?p=23595","title":{"rendered":"Here\u2019s What\u2019s Next for Polygon, Cardano and Three Additional Altcoins, According to Analyst Micha\u00ebl van de Poppe"},"content":{"rendered":"


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A widely followed crypto analyst is updating his outlook on several leading altcoins as the markets stumble.<\/p>\n

Crypto trader Micha\u00ebl van de Poppe\u00a0tells<\/a>\u00a0his 618,000 Twitter followers that Cardano (ADA<\/a>) is currently meeting resistance.<\/p>\n

\u201cADA<\/em><\/p>\n

Looking strong here, but at resistance.<\/em><\/p>\n

If we crack through, I\u2019m assuming we\u2019ll see $0.67 next, but I\u2019d preferably want to long or seek for longs around $0.48 region.\u201d<\/em><\/p>\n

\"\"
Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

ADA is trading for $0.49 at time of writing.<\/p>\n

Van de Poppe\u00a0says<\/a>\u00a0layer-1 protocol Avalanche (AVAX<\/a>) is facing a resistance similar to the rest of the crypto markets.<\/p>\n

\u201cAVAX<\/em><\/p>\n

Still looking at a scenario like this as the entire market is facing resistance at this point (at least a bit overextended).<\/em><\/p>\n

Same goes for AVAX.\u201d<\/em><\/p>\n

\"\"
Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

AVAX is trading for $24.98 at time of writing.<\/p>\n

The trader\u00a0tells<\/a>\u00a0his followers that the high-throughput blockchain Zilliqa (ZIL<\/a>) will likely see a dip.<\/p>\n

\u201cZIL<\/em><\/p>\n

This one looking for some dip plays here around $0.0375 or potentially looking at $0.041 for a new possible trade.<\/em><\/p>\n

That could be a trade towards $0.052.\u201d<\/em><\/p>\n

\"\"
Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

ZIL is trading for $0.041 at time of writing.<\/p>\n

The analyst then\u00a0looks<\/a>\u00a0at Ethereum (ETH<\/a>) layer-2 scaling solution Polygon (MATIC<\/a>), predicting a substantial drop from MATIC\u2019s current price of $0.92.<\/p>\n

\u201cMATIC<\/em><\/p>\n

I\u2019d be looking at regions around $0.73 for longs.<\/em><\/p>\n

Already mentioned earlier that it was overextended around $1.\u201d<\/em><\/p>\n

\"\"
Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

Looking at layer-1 blockchain Fantom (FTM<\/a>), the widely followed analyst\u00a0expects<\/a>\u00a0FTM\u2019s current correction to continue.<\/p>\n

\u201cAfter a big impulse, there\u2019s usually a substantial correction.<\/em><\/p>\n

The same goes for FTM.<\/em><\/p>\n

A significant run and momentum are upwards, but corrections take place during such a momentum.<\/em><\/p>\n

Now, regions for longing are found overall and could be played.\u201d<\/em><\/p>\n

\"\"
Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

FTM is trading for $0.33 at time of writing.<\/p>\n

Finally, Van de Poppe\u00a0takes on<\/a>\u00a0the king crypto Bitcoin (BTC<\/a>), calling the mid-to-low $22,000 region a potential area for BTC longs.<\/p>\n

\u201cA potential area for longs on Bitcoin is approaching too.\u201d<\/em><\/p>\n

\"\"
Source: CryptoMichNL\/Twitter<\/figcaption><\/figure>\n

BTC is trading for $23,029 at time of writing.<\/p>\n

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Featured Image: Shutterstock\/Animedigitalart<\/em><\/span><\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A widely followed crypto analyst is updating his outlook on several leading altcoins as the markets stumble. Crypto trader Micha\u00ebl van de Poppe\u00a0tells\u00a0his 618,000 Twitter followers that Cardano (ADA) is currently meeting resistance. \u201cADA Looking strong here, but at resistance. If we crack through, I\u2019m assuming we\u2019ll see $0.67 next, but I\u2019d preferably want to […]<\/p>\n","protected":false},"author":1,"featured_media":23596,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[42],"tags":[2014,200,646,266,164,647,1219,649,648,677],"class_list":["post-23595","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","tag-additional","tag-altcoins","tag-analyst","tag-cardano","tag-heres","tag-michael","tag-polygon","tag-poppe","tag-van","tag-whats"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"http:\/\/egrowonline.com\/wp-content\/uploads\/2022\/07\/Polygon-Cardano-and-Three.jpg","_links":{"self":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/23595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=23595"}],"version-history":[{"count":1,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/23595\/revisions"}],"predecessor-version":[{"id":23597,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/posts\/23595\/revisions\/23597"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=\/wp\/v2\/media\/23596"}],"wp:attachment":[{"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=23595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=23595"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/egrowonline.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=23595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}