Popular crypto strategist Michaël van de Poppe is outlining what he thinks is in store for four altcoins including XRP, Binance Coin (BNB) and Cosmos (ATOM) after a weekend that witnessed a bounce across the crypto markets.
Van de Poppe tells his 613,700 Twitter followers that he believes XRP appears poised for a brief pullback after rallying over 35% from its 2022 low of $0.28.
“This one is showing strength but rejected at first resistance. Expecting to see a test around $0.343 and that would be a potential long trigger. Targets are quite easily defined and potentially $0.43 and $0.47.”
At time of writing, XRP is changing hands for $0.36.
Next up is BNB, the utility token of crypto exchange Binance. According to Van de Poppe, he sees BNB flipping former resistance at $222 into support before resuming its bounce.
“Would like to see $222-$225 hold and then $255 and $267 could be next.”
At time of writing, BNB is trading at $238.
Another altcoin on the trader’s list is Cosmos, an ecosystem of blockchains designed for both scalability and interoperability. Van de Poppe says ATOM must take out its immediate resistance to gather more bullish momentum.
“This one is showing strength, and I’m still a fan of the ecosystem, expecting to be a big gainer and have fundamental growth. Price action -> at resistance. Breaking $8.70 results in acceleration, with $10 and $12 as primary short-term targets.”
At time of writing, ATOM is valued at $8.32.
The last altcoin on the list is Celer Network (CELR), a scaling platform desinged to enable off-chain transactions in a secure manner. Van de Poppe says that he’s waiting for CELR’s price action to unfold after the coin rallied by over 135% from its 2022 low at $0.01.
“Need to see whether it can actually hold any level after this move.”
At time of writing, CELR is swapping hands at $0.017.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Check Latest News Headlines
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 loses 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.
Featured Image: Shuterstock/Alexxxey/Mia Stendal