Analyst Micheal van de Poppe Lists Out Top Altcoins for the Week!

Crypto markets witnessed choppy trends during the past weekend where the majority of the tokens, including Bitcoin and Ethereum traded sideways. While the global crypto market cap witnessed a jump of 1.27% and a rise of 16% in the trading volume. This led the BTC price to rise slightly above $27,000, however, the bearish influence continues to be all around. 

In the meantime, some of the altcoins are displaying possibilities of undergoing a diverse action ahead. Top analyst, Micheal van de Poppe lists out 4 altcoins to keep a close watch this week. 

PEPE (PEPE)

PEPE coin price witnessed a slight increase over the past few days that raised the levels by nearly 100% to mark the highs around $0.0000021. Despite a minor outback, the price continues to trade around the gained levels, indicating the token preparing itself for a giant price action in the coming days. The analyst also points out the plateaued trend signaling a strong accumulation phase. 

“This one is making a bear market relief rally, I would say.

Needs to hold above 173000, then we could see continuation towards 24000.

If 1730000 is lost, then I’m looking at playing a short and trying to catch a long to 85000,”

The Graph Token (GRT) 

The Graph token has been trading under a bearish trend and after breaking from its initial support, is currently heading towards the next support levels. Presently, in the short time frame, the price is hovering within a very narrow range that may certainly appear the price to be within an accumulation phase, preparing for a breakout. 

“Overall quite simple.

Lost crucial support at $0.13, which needs to be reclaimed before I’m interested.

Otherwise, I’d be looking at the area at $0.097 for a potential long play,”

Quant (QNT) 

After a steep downtrend, the QNT price is trying to hold at one of the crucial support levels, that may trigger a decent rebound as it did before. As the trend has lowered its resistance, the weakness of the bulls also emerges, but at the same time, the possibility of accumulation of strength cannot be eliminated. Therefore, in the next few days, a decent price action may be expected. 

“Interesting price action, as we’re hitting HTF support here

Am I interested? Not yet. I’d prefer to have a flip of $112 before activating a long and that one can run fast and quick to $175.

Otherwise, looking at $76,”

Avalanche (AVAX) 

Avalanche price was undergoing a parabolic move since the start of 2023, but the recent price drop has compelled the price to slice through the lower trend line. However, the AVAX price is managing to hold above the crucial support as the bulls may have entered the game. Therefore, a rise may be expected which may assist the price to test higher targets. 

“ In a point of interest, which in comparable with other altcoins.

However, trend remains to be downwards, if LTF gives confirmation, I’d be pulling a long here.

Reclaim $16.50 is necessary I’d be looking at $12 for longs,”