There are important evaluations from Michaël van de Poppe, an analyst who draws attention with his important analyzes in the Bitcoin and altcoin world. Accordingly, the Analyst is looking at four cryptocurrencies. Let’s look at the details.
Altcoin VRA: Strong in the green zone
According to the analyst, altcoin VRA showed resilience by maintaining its position in the green zone despite a significant pullback, which is common in today’s market conditions.
Request 01 – $VRA
The area remains the same for this one.
I'd prefer to see it hold in this green zone after a massive retrace (often an occurrence in the current market circumstances).
If this holds, I'll be expecting a renewed rally towards $0.01. pic.twitter.com/bQCC8uiqlW
— Michaël van de Poppe (@CryptoMichNL) September 28, 2023
If the VRA manages to maintain this stability, there will be important developments. Accordingly, there is reason to expect a new rally targeting the $0.01 mark.
Altcoin ALGO: Searching for bullish signals
According to the analyst, the current status of altcoin ALGO has not changed. This reveals the need to strategically flip levels to initiate an uptrend.
Request 02 – $ALGO
Still unchanged.
Through that I'm assuming we'll need to start flipping levels to activate a bullish trend.
In the current price action, I'd be expecting a renewed test of the lows before we reclaim $0.105.
Reclaim $0.105 = bullish activation. pic.twitter.com/8ZNycHOMMO
— Michaël van de Poppe (@CryptoMichNL) September 28, 2023
In the ongoing price action, a renewed test of lower levels is expected before attempting to reclaim the $0.105 threshold. Breaking this key level will trigger a bullish activation for altcoin ALGO.
RNDR: Upward momentum ahead
Expectations for altcoin RNDR point to a continuation of the rise. To align with this outlook, a break above $1.65 is preferred, opening the door for expansion and continued upward movement.
Request 03 – $RNDR
This one, I'm personally expecting bullish continuation to be happening.
In that regard, I'd prefer a break above $1.65 and then we're looking for expansion and continuation.
Targets of $2.50-3.00 are reasonable. pic.twitter.com/Vkr6nQjpjt
— Michaël van de Poppe (@CryptoMichNL) September 28, 2023
Under these conditions, ambitious targets ranging from $2.50 to $3.00 for altcoin RNDR will be achieved, according to the analyst.
KAS: Ready for ascension
Altcoin KAS appears poised for an upward trajectory, potentially signaling the beginning of a new rise. Accordingly, in this scenario, the target is set as $ 0.068. Flipping the $0.049 area is crucial to establish a solid uptrend. However, if market conditions show weakness, a potential entry range lies between $0.036 and $0.04.
Request 04 – $KAS
This one looks ready for a new leg up.
If that happens, my targets are $0.068. Crucial to flip? The $0.049 area.
If markets are showing weakness, I'd be interested between $0.036-0.04. pic.twitter.com/bdZDcStMu3
— Michaël van de Poppe (@CryptoMichNL) September 28, 2023
It is important to remember that the Bitcoin and altcoin market is dynamic. Additionally, rapid changes are taking place. On the other hand, it is necessary to follow these entities closely as they progress on their own path. Let’s also not forget to implement prudent risk management strategies in your crypto ventures.
Be on the lookout for life-changing opportunities
Opportunities in the world of Bitcoin and altcoins can be life-changing. But it often requires a keen eye and strategic positioning. On the other hand, as Bitcoin progresses through its stages, it is important to monitor the market carefully. It can also help investors identify the most appropriate moments to enter or expand their positions.
The next stage can bring the potential for significant profits. Accordingly, this can make alertness an important virtue for altcoin enthusiasts. When we look at it as Kriptokoin.com, the Bitcoin bull market is a journey that progresses in stages. It’s obvious that the best time to embark on this journey is often when it seems the most challenging.
