Popular crypto strategist Michaël van de Poppe says he expects surges for a handful of altcoins.
Van de Poppe tells his 616,600 Twitter followers that BNB, the coin powering Binance and the smart contract platform BNB Chain, is flashing strength after breaching resistance at $240.
“Held the area around $216 again. Expecting that, once it breaks $240, we’ll be continuing the momentum towards $270.”
At time of writing, Binance Coin is swapping hands for $249, up over 5% on the day.
Next up is Ethereum (ETH) scaling solution Polygon.
According to Van de Poppe, MATIC is also showing strength and that a move above its immediate resistance should trigger a 38% rise from its current price.
“Breakout above $0.73 = $1 next target.”
Polygon is trading for $0.72 and is in the green by 5% in the past day.
Another altcoin on Van de Poppe’s list is decentralized exchange protocol THORChain, which he says is gearing up for a sizable rally.
“Looks ready for continuation but needs to flip $2.50 at this point. If it does that, I’m assuming we’ll see $3.30-$3.50.”
At time of writing, THORChain is valued at $2.23. A move to Van de Poppe’s target marks an upside potential of over 56%.
The last coin on the trader’s radar is smart contract platform Fantom. Van de Poppe says FTM may be due for a slight pullback to $0.24 before it could start its next leg up.
“Looking like we’ll be seeing some lower tests, but got two triggers coming up targeting $0.34.”
At time of writing, Fantom is swapping hands for $0.25, up over 3% in the last 24 hours.
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Featured Image: Shutterstock/wacomka/Andy Chipus
Source: https://dailyhodl.com/2022/07/17/top-crypto-analyst-michael-van-de-poppe-predicts-strong-rallies-for-polygon-thorchain-and-two-ethereum-rivals/