Legendary Analyst: Check Out Cardano and These 4 Altcoins! Epic Opportunity

A well-known analyst in the cryptocurrency market says that Cardano (ADA) offers an epic opportunity for long-term bulls. In addition, the analyst is updating his outlook for 4 altcoin projects.

“There is long-term potential in Cardano (ADA)”

Crypto analyst Michaël van de Poppe says smart contract platform Cardano (ADA) is navigating the price space that will offer huge upside potential for its long-term holders. The analyst notes that ADA is likely in the process of establishing a bear market base. In this context, the analyst makes the following statement:

Huge long-term space to buy for investments. It’s even possible that this is the low of the bear market.

Source: Van de Poppe / Twitter

Cardano (ADA) is now seeing progress from the level where last year’s rally started. As such, Cardano has almost wiped out all of its 2021 bull market benefits. This indicates a complete pullback and the value of the cryptocurrency being reset. At press time, ADA is trading at around $0.40 per day.

Other altcoins on the analyst’s radar: LINK, QNT, RSR and DOGE

The popular analyst also closely follows the decentralized oracle Chainlink (LINK). According to Michaël van de Poppe, LINK is in a position to truly recover to a $9.20 goal after breaking out of the bearish trend in the altcoin’s lower timeframe. For this he uses the following words:

LINK: It has to play.

Source: Van de Poppe / Twitter

At the time of writing, LINK is trading at $7.72, down 2.71% on a daily basis.

His analyst then moves on to Quant (QNT). Van de Poppe says he’s looking at two key levels for QNT for a potential bounce game. From this point of view, he draws attention to the following levels:

For some jumping games, you have to look at the same levels. Played $160 area. Now we are back to that support. Or we’re looking at $140 for a game.

Source: Van de Poppe / Twitter

Another altcoin on Michaël van de Poppe’s radar is the Reserve Rights Token (RSR). According to the analyst, he expects the RSR to start a fresh increase if it clears its immediate resistance at $0.007. For this, he says:

This looks to be in the middle of the pack. A target of $0.0055 followed by $0.007.

Source: Van de Poppe / Twitter

At press time, the RSR is changing hands at $0.006246, up 1.23% in the last 24 hours.

Koindeks.com Dogecoin (DOGE), the most talked-about crypto currency in recent days. Because of this, the analyst is also interested in DOGE. Van de Poppe notes that short is a good idea at DOGE. However, he says not quickly. He says he will wait to buy at base levels in the coming days.

The analyst then points to the technical levels for DOGE. He states that the levels of 0.15, 0.13, 0.11 and $ 0.085 will be critical for the recognized chest coin. In this middle, the analyst emphasizes that especially $0.11 and $0.085 are ideal for large long processes.

Similar Articles

Comments

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Advertisment

Most Popular