Following the latest market crash, many crypto analysts are sharing their latest predictions for altcoins. In this article, we will share the latest comments from famous analysts for altcoins such as SHIB, DOT, ATOM, AAVE. Here are the details…
Michael van de Poppe conveys his expectations in five altcoins
Amid the sell-off, analyst Michael van de Poppe revised price targets for several key crypto assets. First, Michael van de Poppe says he’s keeping a close eye on Cosmos (ATOM), an ecosystem of scalability and interoperability. He states that ATOM has given up on the last leg of the gains in June. At this point, he states that there is tremendous support for the coin.
He said that this level is reasonable for long positions. He states that if these positions are lost, $8 will likely be needed. Then, a trigger towards $18-20 is possible next month. The crypto analyst then discussed crypto lending and borrowing technology Aave (AAVE), noting that in light of the latest market-wide correction, the altcoin faces support at $80 and resistance at $103.
Next up for EGLD, DOT and EOS
Enterprise-grade Blockchain platform Elrond (EGLD) is also on Van de Poppe’s watch list. The analyst pointed to two support levels: $50 and $44. He also considers resistance at $57. Apart from that, the crypto expert believes that Polkadot (DOT) could rally to $8.40 in case of retracement of $7.70. Van de Poppe also issued a warning about the possibility of the DOT losing support at $7. If we reclaim $7.70, a retest of $8.40 is likely.
Competing directly with Ethereum for its smart contract capabilities, EOS (EOS) is the latest project on Michael Van De Poppe’s radar. The trader warns his followers not to follow the currencies that have already been pumped in response to the altcoin’s mid-week rise and states that a violent corrective action may follow soon. The analyst points to the $1.18 and $1.30 resistance levels.
Huge rally potential for SHIB
On the other hand, analysts point to huge rally potential for SHIB. Dogecoin killer Shiba Inu (SHIB) has doubled in value over the past two months from June 18, 2022 to August 18, 2022, trading at around $0.0000015. However, currently the Shiba Inu (SHIB) is trading at $0.000013. While SHIB is on a bearish move, analysts take an upside stance that the currency will soon begin its recovery phase.
Analyst Elena R. points to bullish potential as whales continue to hold their SHIB for Shiba Inu profits to rise. Also, the analyst pointed out that Best Buy is now accepting SHIB. cryptocoin.com As we reported, Best Buy, one of the largest electronics retailers, now accepts Shiba Inu as a form of payment supported by BitPay. The Shiba Inu also witnessed an increase in their social dominance. Lunar Crush claims that the social dominance of the Shiba Inu has seen a huge increase over the past 90 days.
Coin Bureau “bullish” for Solana
Finally, Coin Bureau is optimistic about Solana’s (SOL) outlook and says the altcoin’s price could potentially double if the current rally continues. The analyst said he has been watching the SOL and its “interesting” price action during the current altcoin rally. Guy predicted that SOL could potentially double if the current trend that has caused a minor recovery in crypto markets continues. While acknowledging that the price doubling “doesn’t seem like much” for Solana, he stressed that the coin’s price increase will eclipse other major cryptocurrencies.
