Categories: Analysis

These five low-cap altcoins could have bottomed out, according to KOL Micha Capl Van De Poppe

Prominent analyst Michaël van de Poppe says these five low-cap altcoins are showing signs of bottoming out.

He told his 352,300 followers that he is considering Skale, a blockchain network that enables developers to create and deploy decentralized chains that are fully compatible with Ethereum.

According to Van de Poppe, Skale is currently consolidating in the Bitcoin (SKL / BTC) pair as it continues to trade above the strong support level of 0.00000629.

“SKL / BTC is still consolidating over the previous rally start zone. This is a strong area of ​​support and it is appropriate to initiate an entry in this area.

SKL / BTC daily chart | Source: Van de Poppe / Twitter

Another coin on Van de Poppe’s watch list is the blockchain scaling solution Polygon (MATIC). He believes he is ready to move up sharply after hitting the critical support at $ 0.97.

“Altcoins are similar to SKL. Above the strong support, it looks like it will bottom out relatively soon and be ready for a rally. Followed by $ 1.35 and $ 1.60. “

MATIC / USDT daily chart | Source: Van de Poppe / Twitter

The third altcoin is the ICON hybrid blockchain platform. Van de Poppe said the altcoin was preparing to hit a higher low in the Bitcoin (ICX / BTC) pair at 0.000025. According to the analyst, higher bottom formation in an uptrend could be the factor pushing the pair to 0.000041, a potential 64% gain.

“That altcoin is still going up, too good.”

ICX / BTC daily chart | Source: Van de Poppe / Twitter

The fourth coin on its list is Fantom, a platform that helps create dApps and solves the network scalability and transaction speed problems of current blockchains. Van de Poppe noted that Fantom has rebounded from strong support at 0.000006 in the Bitcoin (FTM / BTC) pair and the pair now needs to break out of the next resistance area to trigger a rally.

“The pair is sitting over a strong area of ​​support that sparked the previous rally. A break above the resistance around 780 sats (0.0000078) will push this altcoin very high. “

Daily FTM / BTC chart | Source: Van de Poppe / Twitter

The last coin on Van de Poppe’s radar is Zilliqa (ZIL). The analyst said he expected ZIL to hit key support at $ 0.06 again before initiating a 233% rally to its target of $ 0.20.

“The USD pair is consolidating here, like most altcoins on the market. Back to previous rally starting level, 75% less. I think this altcoin is about to bottom out. A break above $ 0.09 will push the price into the $ 0.135 to $ 0.145 zone.

Daily ZIL / USDT chart | Source: Van de Poppe / Twitter

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

SN_Nour

According to Dailyhodl

Follow the Youtube Channel | Subscribe to telegram channel | Follow the Facebook page

CoinX

Recent Posts

Pepeto’s $600K Presale Highlights Vision for Supporting Memecoins Ahead of 2025

London, united kingdom, 22nd November 2024, Chainwire

5 minutes ago

Robinhood Exec Dan Gallagher Declines SEC Leadership Role

Robinhood Exec Dan Gallagher declined consideration to lead the SEC, affirming his commitment to Robinhood…

30 minutes ago

Best Cryptos to Buy in November 2024: What Sets Qubetics Apart from Fantom and Immutable X?

Discover why Qubetics, Fantom, and Immutable X are the best cryptos to buy in November…

1 hour ago

Franklin Templeton Digital Assets and Sui Now Join Hands to Strengthen DeFi Strategy

Sui Foundation partners with Franklin Templeton Digital Assets to enhance DeFi solutions on the blockchain.

1 hour ago

Get Insights on BlockDAG’s $136M Presale Success Revealed in Recent AMA—BTC Soars to $99K, Avalanche Trading Volume Surges

See how Bitcoin confronts $99K resistance, Avalanche enjoys a 23% rise, & BDAG achieves a…

2 hours ago

This website uses cookies.