Popular crypto strategist Michaël van de Poppe says he expects surges for a handful of altcoins.
Van de Poppe tells his 616,600 Twitter followers that BNB, the coin that powers Binance and the BNB Chain smart contract platform, is shining bright after breaking through resistance at $240.
“Hold the zone around $216 again. Here’s hoping that once it hits $240 we will continue our momentum towards $270.
At the time of writing, Binance Coin traded hands for $249, up more than 5% on the day.
The next step is Ethereum (ETH) Polygon scaling solution.
According to Van de Poppe, MATIC is also showing strength and that a move above its immediate resistance should trigger a 38% upside from its current price.
“Distribution above $0.73 = $1 next target.
Polygon is trading at $0.72 and is in the green 5% over the past day.
Another altcoin on Van de Poppe’s list is the decentralized exchange protocol THOR Chainwho he says is preparing for a major rally.
“Seems ready for sequel but needs to return $2.50 at this point. If so, I guess we’ll see $3.30 to $3.50.
At the time of writing, THORChain is valued at $2.23. A move towards the Van de Poppe target marks more than 56% upside potential.
The last coin on the trader’s radar is the Fantom smart contract platform. Van de Poppe says that FTM might be due for a slight pullback to $0.24 before it can start its next leg.
“It looks like we will see lower tests, but we have two triggers ahead targeting $0.34.”
At the time of writing, Phantom changes hands for $0.25, up more than 3% in the past 24 hours.
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