Here’s what’s next for Polygon (MATIC), VeChain (VET), and two other altcoins: Crypto analyst Michaël van de Poppe
Analyst and trader Michaël van de Poppe shares his predictions and targets for four crypto assets.
Starting with Ethereum (ETH)’s Polygon (MATIC) scaling solution, Van de Poppe tells his 580,800 Twitter followers that the crypto asset is “approaching a long.”
Linked to Bitcoin (BTC), the crypto analyst and trader says he is eyeing a buy of MATIC at the 0.00003184 BTC level.
Source: Michael van de Poppe/Twitter
Next comes the supply chain management blockchain VeChain (VET).
Pairing with Bitcoin, Van de Poppe says he would be interested in VET slightly above BTC’s 0.00000149 level if the bullish divergence is not invalidated.
“VET – The bullish divergence is still valid and through this I would look to buy the pullback into the green.
I think we have more upside momentum as long as this region lasts.”
The cryptocurrency analyst and trader next examines the blockchain indexing protocol The Graph (GRT). Linked to the US Dollar, Van de Poppe is warning that GRT could fall further after seeing a strong rejection at a key resistance level.
“GRT – This one is looking tough with this rejection but that’s just the overall market.
Preferably, the region around $0.40 is where you want to build a higher low.
If that level doesn’t hold, I expect another test of the lows.”
Van de Poppe is also exploring the smart contract-enabled blockchain Harmony (ONE).
The crypto analyst and trader says he would only be interested in taking a long position on the Proof-of-Stake blockchain’s native token if ONE continues to fall when paired against Bitcoin.
“One thing – needs to dig a little deeper before I’m interested in craving this one I guess.”
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