The wider crypto space rebounds as traders shrug off the risk of the new Covid variant Omicron. After a manic Monday, the crypto market ameliorates with magnificent gains. Notably, altcoins with a decent market cap have largely been outperforming the primary asset of late. Just within 24 hours, Curve DAO (CRV), Chainlink(LINK), and Verasity (VRA) fetched gains of 9.82%, 12.44%, and 39.59% respectively.
A popular crypto analyst, Micheal Van De Poppe has mentioned crucial levels for Curve DAO (CRV), Chainlink (LINK), and Verasity (VR) price action.
Chainlink (LINK) Price Analysis:
Chainlink’s (LINK) price has undergone a steep fall of approximately 50%, depreciating to a multi-month low of $17.27 on Monday. In addition, it has plummeted beneath the 200 days MA in the recent market crash. However, the analyst Micheal Van De Poppe is hopeful of a parabolic move in the upcoming bull cycle. Further, he expects significant accumulation around the crucial bottom of $19.28. Increased bets at low prices would gently uplift the price beyond $38.56.
Verasity (VRA) Price Analysis:
Owing to the recent market crash Verasity (VRA) price collapsed below 200 days MA. However, as bulls returned to the market on Tuesday, the asset has outstripped the majority of the altcoins with more than 44% gains round the clock. A crypto analyst Micheal Van De Poppe points to $0.039 as the crucial bottom, where massive accumulation is expected. Initially, he predicts the VRA price to face a rejection at $0.048 to confirm correction at $0.035. However, he predicts an asset to reclaim the previous ATH around $0.08683 in the next bull cycle.
Curve DAO (CRV) Price Analysis:
The bulls pushed Curve DAO price above the breakdown level at $3.22 on Tuesday, yet they woefully failed to clear the immediate barrier at $4. The buying picked up momentum after breaking above $3.22, and the next stop would be a potential breakout at psychological resistance of $4. Crypto analyst Micheal Van De Poppe seems to be pretty excited about the forthcoming CRV price action. He highlights the intriguing price zone, where the buyers would prompt the price well above $4. According to the analyst, buyers would rush into trade the asset between the bottom levels of $3.06 to $3.69.
Collectively, as Bitcoin price has undergone heavy correction, the aforementioned altcoins hold the substantial potential to drag those profits into their bags. With a sign of quick recovery, Curve DAO (CRV), Chainlink (LINK), and Verasity (VRA) are already on the retracement of previous highs. Further, the above-mentioned levels would become vital while carrying out a trade.
The post appeared first on Coinpedia
