The crypto trader and analyst Michaël van de Poppe examines the potential future price development of Cardano (ADA) and five low-cap altcoins.
In a new tweet, the crypto strategist tells his 335,100 followers that he is closely monitoring Cardano. Amid the weakness of the broader crypto markets, the smart contract platform continues to show bullish signals against Bitcoin (ADA / BTC).
“She’s still showing a lot of strength and is in a bull cycle. I expect bullish continuation towards the nearest region around 6,200 satoshis (0.00062). This would further strengthen the U.S. dollar also a couple. “
At the time of writing, ADA / BTC is trading at 0.000046, indicating a potential gain of over 34% if the pair hits the trader’s target in the next month.
Next up is SXP, the native asset of the decentralized financial (DeFi) ecosystem Swipe. According to Van de Poppe, SXP is preparing for a strong 86% rally before June runs out of its current price of $ 1.94.
“This also builds up strength (especially the BTC Pair). The BTC The pair has to break above the 100-day and 200-day moving averages. If that happens, we’ll see this sequel here and we’ll be back to the level before the crash. “
The third coin is Waves, a blockchain platform that allows users to create, launch, and trade their own crypto tokens. According to Van de Poppe, Waves is poised to cause a 35% increase in its Bitcoin pair (WAVES / BTC) from its trading price of 0.00042.
“The latter is committed to supporting the 100-day and 200-day moving averages and acting above them. So I assume we will see a retest of 0.00057. “
The fourth coin on Van de Poppe’s radar is Fantom (FTM), a distributed ledger technology that aims to power smart cities. The trader expects Fantom to give way to Bitcoin (FTM / BTC) before launching a 74% rally through July.
“Support the test, which is now being turned over for further continuation. A breakthrough over 1,000 satoshis (0.00001) would result in 1,300 satoshis (0.000013) next. “
The mobile data exchange crypto asset Dent is also on the list of dealers. He expects the coin to continue its base build-up phase before rising meteoric over 287% from its current value of $ 0.031. Van de Poppe expects Dent to reach his destination in August.
“So far, it’s good. This will probably accumulate for some time, since it only had one huge impulse wave.”
Van de Poppe also watches the blockchain gaming platform Enjin Coin (ENJ). According to the trader, ENJ is ready to start a new bull cycle as it highlights key support areas of $ 1.29 and $ 0.67.
Don’t Miss a Beat – Subscribe to crypto email notifications straight to your inbox
Follow us on Twitter, Facebook and Telegram
Surf the daily Hodl mix
Featured image: Shutterstock / Tithi Luadthong