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Micha\u00ebl van de Poppe is plotting the price direction of the altcoins Algorand (ALGO), The Sandbox (SAND), Chainlink (LINK), Curve DAO Token (CRV) and Swipe (SXP).<\/p>\n
In a new video, the crypto analyst tells<\/a> his 158,000 YouTube subscribers that Algorand<\/a> is entering into a period where traders should ideally place their money at bottom price levels to make the most of swing trade opportunities.<\/p>\n \u201cWhat is the level that I preferably want to see Algorand breakthrough? <\/em><\/p>\n That\u2019s this entire block that we have here at $1.75. <\/em><\/p>\n If that one breaks, we can clearly see continuation happening on the markets as right now we are facing resistance. <\/em><\/p>\n After a beautiful bounce, you can see that we are already up approximately 30% to 35% and if we break through this one, the next resistance point that we can actually attack is the area around $2.10 to $2.25.\u201d<\/em><\/p>\n Van de Poppe says that SAND<\/a> offers a great day trade opportunity at the retest level of around $5.25.<\/p>\n \u201cIf the area around $5.10 is lost, a re-test at $3.95 or perhaps even $3 is most likely going to take place.\u201d<\/em><\/p>\n The analyst also identifies the potential entry points for CRV<\/a>, which is currently facing resistance at around $6.<\/p>\n \u201cI would definitely be looking at entry points around $4.50 as the first one and if we do make a break above $6.10,\u00a0 I think you want to buy that flip as well targeting $8 or targeting even potentially around $10.\u201d<\/em><\/p>\n