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The Daily Hodl
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Under-the-Radar Altcoin Could Ignite Multiple 200% Rallies in Coming Months, Says Analyst Michaël van de Poppe

by Daily Hodl Staff
June 13, 2022
in Altcoins, Trading

Popular analyst Michaël van de Poppe says one low-cap altcoin could see multiple 200% price rallies in the coming months amid surging volatility in the crypto markets.

Van de Poppe tells his 609,200 Twitter followers that he’s looking at Fetch.ai (FET), a platform that aims to bring together technologies such as machine learning, artificial intelligence and blockchain.

According to the crypto strategist, he sees FET carving out a tradeable bottom in the coming months before breaking out of a wide range by 2023.

“Assuming we’ll get a scenario like this, I’d be interested in a long around $0.11 for a quick 2-3x rally (which I still think we’ll be seeing in the summer).”

Image
Source: Van de Poppe/Twitter

Looking at Van de Poppe’s chart, he sees FET rallying from around $0.11 to above $0.30 between July and September before printing a bullish higher-low setup at $0.14 in November and surging above $0.40 in early 2023.

At time of writing, FET is trading at $0.113, close to Van de Poppe’s bottom target.

Another altcoin on the trader’s radar is Elrond Gold (EGLD), a blockchain platform designed to power distributed apps, enterprise use cases and crypto transactions. Van de Poppe says EGLD could establish a temporary bottom around $40 and generate a short-term bullish reversal signal.

“Bullish divergence needs to confirm before any heavy longs can be taken. In that case, we might be looking at $40-$42.”

Image
Source: Van de Poppe/Twitter

At time of writing, EGLD is changing hands for $44.69, down over 11% in the last 24 hours.

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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.

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