Popular crypto strategist and trader Michaël van de Poppe says he’s keeping a close watch on one low-cap altcoin that can potentially surge over 250% amid bearish conditions in the digital asset market.
Van de Poppe tells his 354,200 followers that he’s eyeing Fetch.ai, a decentralized machine learning network, against Bitcoin (FET/BTC). According to the crypto analyst, the FET/BTC pair is currently holding support and looks poised for a massive rally.
“FET looks ready for a 250%-700% run.”
According to Van de Poppe’s chart, FET/BTC is printing higher highs and higher lows which could be the signals that prelude a surge toward resistances at 0.000014 BTC, worth about $0.41 at time of writing, and 0.000055 BTC, or roughly $1.62.
Another coin on the trader’s radar is the blockchain-based game Axie Infinity. Van de Poppe notes that Axie Infinity is hanging on its immediate support against Bitcoin (AXS/BTC) at 0.0005 BTC, worth $14.84. If that is lost, the trader says he’s looking at the next support level, which stands at 0.0004 ($11.88).
“At first level of support and bounced with 18%.”
Next on the trader’s list is blockchain scaling solution Polygon (MATIC). According to Van de Poppe, MATIC could bounce at $0.43 given that the altcoin breached the key price area of $0.73. At time of writing, Polygon is trading at $0.67.
“This one is at support here too, but the trend is obviously down. The first level of support for a potential bounce. That’s currently. Resistance: $1. Next level of support: around $0.43.”
The fourth coin on Van de Poppe’s watchlist is the supply chain management protocol VeChain against Bitcoin (VET/BTC). The crypto trader says that VET/BTC is likely headed to 0.00000155, worth about $0.04, after failing to reclaim a critical level.
“Currently in the next area of support after rejecting 270 sats ($0.08). Would like to see a reclaim of 220 sats ($0.65). If that doesn’t happen, then I’m focused at 155 sats for potential entries.”
Next up is the peer-to-peer payments platform Litecoin (LTC). Van de Poppe predicts that LTC is poised for a bounce toward $280 as long as it holds support above $100.
” [At] critical support right now and barely hanging in there.”
The last coin is the automated market maker SushiSwap against Bitcoin (SUSHI/BTC). According to the crypto trader, the pair could ignite a 66% rally if it manages to stay above support at 0.00021 BTC or $6.22.
“This one might have bottomed out here. A double bottom retest of higher timeframe order block granting support. If this one holds around [0.00021 BTC], it potentially could run to [0.00031 BTC] ($9.19) from here.”
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Featured Image: Shutterstock/Helga Preiman/Vladimir Sazonov