Crypto analyst Michaël van de Poppe says markets are recovering after a rough week that started with Bitcoin (BTC). The analyst also shares his thoughts on the popular meme coin Dogecoin (DOGE), Cardano (ADA) and Polygon (MATIC), apart from the largest cryptocurrency by market cap. Here are the details…
Michael van de Poppe forecasts bullish for BTC, DOGE, ADA
Analyzing the largest cryptocurrency by market cap, Poppe said that BTC will soon reach $34,000. It estimates that it is possible to return to the range. “Bitcoin has held the critical level, which is great. I want to see if it can hold above $29,700-30,000. If it continues, a test of $32,700 and potentially $34,000 is possible.” The analyst says that a continuation is likely for Bitcoin, but states that attention should be paid to the situation in the US markets.
Van de Poppe is turning his attention to Dogecoin (DOGE), which has been stalling with the rest of the crypto markets for weeks. The cryptocurrency analyst says the dog-themed meme coin is finally ready to appear. The analyst states that “it’s time to go up” for DOGE. Looking at
Ethereum (ETH) rival Cardano (ADA), it expects the falling altcoin to bounce back from its next support. He points out that ADA failed to hold on to $0.68 and is trading 87 percent lower than its all-time high. The next support near $0.38-0.40 is the support that the markets have bounced off.
What are the MATIC and FTM comments?
Looking at Ethereum scaling solution Polygon (MATIC), the trader thinks that the altcoin could test the $1 range if BTC can hold it at $30,000. The analyst said, “Don’t be surprised if BTC reclaims $30,000, MATIC tests $1 in the coming days/weeks. In the markets; We will always have opportunities. Percent gains and possibilities are limitless at this point,” he says.
Van de Poppe finally looks at the Phantom (FTM) protocol, which he thinks could nearly double in price before hitting any resistance. According to the analyst, although there is a relief between the markets at this point, $0.68 seems likely before reaching the first resistance for FTM. As a result, according to the analyst, who states that we are in the accumulation period, volatility will continue to remain high.
