Well-known trader and analyst Micheal Van de Poppe reveals 5 altcoins on his radar set for a surge. He believes in the coming months the tokens will witness a 10X growth against BTC.
Swipe(SXP)
First up on his radar is Swipe, a crypto-fiat gateway. The native token SXP must hold a crucial level against its BTC pair to surge higher.
According to de Poppe, Swipe must hold above 0.0000053. then, around $40700 the vital resistance is quite similar to Bitcoin. The 0.000063 should be broken. If that doesn’t work out for Swipe, the next major stumbling block will be 0.000083.
The token will move towards 0.000083 if 100 days MA is surpassed. Then, by shifting the moving averages for support a new higher low will be found. Hence,
The next resistance level after 0.000083 is 0.00016, according to Van de Poppe.
TomoChain(TOMO)
The second token on the watch is Tomo Chain, a scalable smart contract program. TOMO should break a key resistance level against BTC to start a price rally.
The analyst says the token has been consolidating well with the recent low 0.000038 serving as a crucial level to hold to maintain an upward trend.
TOMO is back above the 100-day and 200-day moving averages. It has been creating a slightly higher high, hence if the 0.000049 level is breached a new rally will begin
Algorand(ALGO)
The next pick is a blockchain designed for Defi apps, Algorand. According to Van de Poppe, ALGO/BTC has managed to hold a crucial support area while maintaining a positive market structure.
The analyst says, Algorand is poised to make the decisive move, as the important level that ALGO needed to hold is holding support. So this entire structure of higher highs and higher lows will almost certainly continue to go toward new highs.
The immediate resistance for ALGO/BTC is at 0.000038. a surge above this level will have 0.000054 as the target for the next resistance level.
Orion(ORN)
Next on his list is Orion, a Defi protocol. De Poppe says, ORN/BTC must break through a major resistance area to initiate a huge surge.
The analyst predicts, if Orion manages to break past 0.0000025, a huge run towards the top resistance level at $0.000043 can be expected.
As for holding areas, few of them interest the trader. ORN should ideally hold the area around 2150 satoshis. In case that doesn’t happen, 0.000018 the recent low is the second area to be looked out for support.
Curve Finance(CRV)
Curve Finance, a decentralized exchange, is the final coin. The trader points out the important resistance level that CRV/BTC must overcome in order to begin its bull market.
Van de Poppe believes, CRV will have a great bounce back up, after establishing another higher low, the token will maintain its momentum.
‘…We can start running heavily if we break above this resistance zone (0.00008), as there isn’t much between these two levels (0.00018).” He said.
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