Popular crypto strategist and trader Michaël van de Poppe says he’s keeping a close watch on one low-cap altcoin that can potentially surge over 250% amid bearish conditions in the digital asset market.
Van de Poppe tells his 354,200 followers that he’s eyeing Fetch.ai, a decentralized machine learning network, against Bitcoin (FET/BTC). According to the crypto analyst, the FET/BTC pair is currently holding support and looks poised for a massive rally.
“FET looks ready for a 250%-700% run.”
According to Van de Poppe’s chart, FET/BTC is printing higher highs and higher lows which could be the signals that prelude a surge toward resistances at 0.000014 BTC, worth about $0.41 at time of writing, and 0.000055 BTC, or roughly $1.62.
Another coin on the trader’s radar is the blockchain-based game Axie Infinity. Van de Poppe notes that Axie Infinity is hanging on its immediate support against Bitcoin (AXS/BTC) at 0.0005 BTC, worth $14.84. If that is lost, the trader says he’s looking at the next support level, which stands at 0.0004 ($11.88).
“At first level of support and bounced with 18%.”
Next on the trader’s list is blockchain scaling solution Polygon (MATIC). According to Van de Poppe, MATIC could bounce at $0.43 given that the altcoin breached the key price area of $0.73. At time of writing, Polygon is trading at $0.67.
“This one is at support here too, but the trend is obviously down. The first level of support for a potential bounce. That’s currently. Resistance: $1. Next level of support: around $0.43.”
The fourth coin on Van de Poppe’s watchlist is the supply chain management protocol VeChain against Bitcoin (VET/BTC). The crypto trader says that VET/BTC is likely headed to 0.00000155, worth about $0.04, after failing to reclaim a critical level.
“Currently in the next area of support after rejecting 270 sats ($0.08). Would like to see a reclaim of 220 sats ($0.65). If that doesn’t happen, then I’m focused at 155 sats for potential entries.”
Next up is the peer-to-peer payments platform Litecoin (LTC). Van de Poppe predicts that LTC is poised for a bounce toward $280 as long as it holds support above $100.
” [At] critical support right now and barely hanging in there.”
The last coin is the automated market maker SushiSwap against Bitcoin (SUSHI/BTC). According to the crypto trader, the pair could ignite a 66% rally if it manages to stay above support at 0.00021 BTC or $6.22.
“This one might have bottomed out here. A double bottom retest of higher timeframe order block granting support. If this one holds around [0.00021 BTC], it potentially could run to [0.00031 BTC] ($9.19) from here.”
Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
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/Helga Preiman/Vladimir Sazonov
