Prominent crypto analyst Michaël van de Poppe says he’s buying three coins as he gears up for an incoming altseason.
In a new strategy session, the trader says he’s anticipating “dino coins” or cryptos that haven’t significantly moved in a long time, to start exploding to new heights against Bitcoin.
[adinserter block="1"]The first crypto asset Van de Poppe names is Stellar Lumens against Bitcoin (XLM/BTC), which the trader notes has been knocking on the door of a crucial resistance for months.
“Therefore, the next test of this resistance shown is most likely going to push XLM through the resistance through which a new bull cycle is going to start.”
Should XLM/BTC break the 1,200 satoshis (0.000012) resistance, Van de Poppe lists 1,500 satoshis (0.000015), 1,850 satoshis (0.0000185), and 2,200 satoshis (0.000022) as price levels to target and take profits.
The second coin the analyst has on his radar is decentralized finance (DeFi) oracle DIA, which according to Van de Poppe, is also setting itself up for a bull rally against Bitcoin (DIA/BTC). He says DIA/BTC is targeting 1,700 (0.000017) and 2,300 (0.000023) satoshis, representing potential gains of over 68% from its current value of 718 satoshis (0.00000718).
In US dollar terms, Van de Poppe is also targeting a 122% rally for DIA in the coming weeks.
“Therefore, assuming that this one is going to hold above $3.60, I think $8.00 is next for DIA, but I guess there is way more.”
The third coin on Van de Poppe’s buy list is SXP, the native asset of crypto and fiat wallet Swipe. According to the trader, SXP/BTC has flipped its previous resistance of 6,000 satoshis (0.00006) into support and it is getting ready to go on a tear upward.
“So this one is also still on the ground in the Bitcoin pair while the USDT is swimming around new all-time highs which is not really relevant anymore for price analysis as its quite difficult to start analyzing something that’s in price discovery. So therefore, your focus should be on the BItcoin pair…
This area around 6,000 sats is a critical line to hold onto and as the chart shows we’re currently holding that level for support and I think we’re going to have big, massive moves on Swipe.”
I
Follow us on X, Facebook and TelegramDon't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox
[adinserter block="1"]
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 losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/cobalt88
