A closely followed crypto analyst says that one Ethereum (ETH)-based altcoin is ready to skyrocket while updating his outlook on Bitcoin (BTC).
In a new strategy session, crypto trader Michaël van de Poppe tells his 732,000 followers on the social media platform X that decentralized credit marketplace Clearpool (CPOOL) is gearing up for a massive rally and should break out if it shoots past the $0.22-$0.23 level.
“CPOOL is nicely consolidating and preparing for a big breakout. I think RWA (real-world assets) is going to be a big pillar of this market, through which I assume we’ll see upward momentum after a test at $0.22-0.23.”
CPOOL is trading for $0.223 at time of writing, a marginal decrease during the last 24 hours.
Moving on to the top crypto asset by market cap, Van de Poppe says that Bitcoin and Ethereum are getting close to the point where traders may consider buying the dips.
“Dip buying, that’s what we want with Bitcoin. Getting close to the first point of interest, and, in the meantime, ETH is getting close towards an optimal entry as well.”
BTC is trading for $89,250 at time of writing while ETH is valued at $3,040.
According to the strategist, traders should also look for points of entry in other altcoins during the next few weeks.
“The general plan for the upcoming period is to buy the dip. It’s as easy as it is. Altcoins are likely breaking out left and right in the upcoming weeks and you’d want to maximize that through buying those 20-50% dips.”
Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inboxCheck Price Action
Follow us on X, 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 losses 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.
Generated Image: DALLE3
