Popular crypto strategist Michaël van de Poppe is outlining what’s in store for five altcoins including smart contract platform Cardano (ADA), decentralized finance payment network Terra (LUNA) and step-to-earn protocol STEPN (GMT).
The crypto analyst tells his 607,500 Twitter followers that he expects Cardano to continue rallying now that it has taken out its immediate resistance at $0.60.
“Looking at $0.60 flip for longs too, and that would give a potential target of $0.77 as the next run.”
At time of writing, ADA is changing hands for $0.62, up over 11% in the last 24 hours.
Next up is LUNA, which Van de Poppe says is unable to sustain any bullish momentum.
“Can’t really say much. Trending south, so if $6 is lost, I’d be looking at $4.50-$5 for some scalps. Maybe even shorting the breakdown.”
LUNA is trading at $5.10 at time of writing, according to CoinGecko.
Another coin on the trader’s list is GMT. According to Van de Poppe, GMT must take out its immediate resistance to potentially launch a 15% rally from current prices.
“Breaking the highs at $1.02 and acceleration towards $1.15 seems likely.”
GMT is currently valued at $1.00, up over 5% in the past day.
The fourth coin on Van de Poppe’s radar is blockchain-indexing protocol The Graph (GRT). The crypto strategist predicts bullish continuation for GRT en route to his target at $0.19.
“Expecting continuation here.”
At time of writing, GRT is priced at $0.16, down 1.55% in the last day.
The last coin is Origin Protocol (OGN), a platform that aims to build a decentralized sharing economy. According to Van de Poppe, OGN appears poised to ignite a 17% surge to his target at $0.33.
“This one is showing momentum recently and gave some beautiful scalp setups (longs/shorts). Right now, I’m looking at $0.275 personally for some long potential.”
At time of writing, OGN is trading for $0.28, up over 3% in the last 24 hours.Don't Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
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