Bottom Could Be In for These Five Low-Cap Altcoins, According to Analyst Michaël Van De Poppe


Prominent crypto strategist and trader Michaël van de Poppe says the bottom could be in for five low-cap altcoins.

The top crypto trader tells his 352,300 followers that he’s looking at Skale, a blockchain network that allows developers to create and provide decentralized chains that are completely compatible with Ethereum.

 

According to Van de Poppe, Skale is currently consolidating against Bitcoin (SKL/BTC) as it continues to trade above heavy support of 0.00000629.

“This one is still consolidating on a level pre-rally levels. A great one for entries around these zones.”

Source: Van de Poppe/Twitter

Another coin on Van de Poppe’s watchlist is blockchain scaling solution Polygon (MATIC), which he says is poised for a strong bounce after touching critical support at $0.97.

“This one is the same as SKL. On heavy support, through which it seems likely that it’s bottomed out relatively soon and ready for a relief rally. $1.35 and $1.60 are next then.”

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Source: Van de Poppe/Twitter

The third altcoin is the hybrid blockchain platform ICON. Van de Poppe says the crypto asset is gearing up to print a higher low against Bitcoin (ICX/BTC) at 0.000025 after rallying from a key support level. According to the crypto analyst, a bullish higher low setup could be the trigger that catapults the pair to 0.000041, representing a potential surge of 64%.

“This one is going so far, so good.”

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Source: Van de Poppe/Twitter

Coin number four is Fantom, a network of custom blockchains that aims to power smart cities. Van de Poppe notes that Fantom has bounced from heavy support at 0.000006 against Bitcoin (FTM/BTC), and the pair must now take out its immediate resistance to ignite a strong rally.

“Points of interest are very clear and breaking the upper resistance around 780 sats (0.0000078) should push this one up heavily.”

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Source: Van de Poppe/Twitter

The last coin on Van de Poppe’s radar is the high-throughput blockchain Zilliqa (ZIL). The trader says he expects ZIL to once again hit critical support at $0.06 before launching a 233% rally to his target of $0.20.

“The USD pair is just consolidating here, just like most of the markets. Back to pre-rally levels, down 75%. I’m thinking we’re close to a bottom as interest is close to zero. Breaking $0.09 and $0.135-0.145 next.”

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Source: Van de Poppe/Twitter

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Featured Image: Shutterstock/Tithi Luadthong





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