Widely-followed crypto analyst and trader Michaël van de Poppe says two altcoins appear to be gearing up to post big gains.
In a new strategy session, the technical trader known in the industry as Crypto Michaël says both the Curve Dao Token (CRV) and Swipe (SXP) “will go on an ultra moon mission.”
CRV is a governance token for the Curve platform that deputed in mid-August at nearly $12, according to CoinMarketCap. It’s since plummeted in price and is trading at $1.02 at time of writing. Van de Poppe says if it rebounds and breaks $1.65 it could leapfrog off that and reach $2.22-$2.70.
SXP powers the Swipe Network and its wallet application. After hitting all-time-highs of about $5.00 in mid-August, it has also since plummeted in price and is trading at $1.31 at time of writing, according to CoinMarketCap.
Van de Poppe says Swipe is going to move sideways, potentially around $1, before it can start a new bull cycle. After it starts hitting higher highs and lower lows, he predicts it will break out and target $3.00.
The trader also notes that it looks like Bitcoin is holding at its current price levels. BTC is trading at $10,727.64 at time of writing.
“Looks ready to test the $10,700-10,800 areas and maybe even $11,200-11,400 if the dollar slows down for a bit.”
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.
Featured Image: Shutterstock/AleksandrMorrisovich
