2 November 2024
These Three Altcoins Are Primed For Rally
The prominent Crypto analyst Michaël van de Poppe believes that Polygon (MATIC) and Ethereum competitors Polkadot (DOT) and Fantom (FTM) will rally soon.
Recently, the analysts shared with his 573,800 Twitter followers that Ethereum-scaling solution Polygon is due for a bounce after successfully finding support at $1.20.
“Looks like we’ll be testing some higher levels as long as fundamentals remain like they are now. In that case, [a] $2 test might be possible.”
Currently, MATIC is trading at $1.44.
Polkadot (DOT) is another coin on the trader’s list. According to him, DOT could pull off a 55% rally and tap resistance at $27.04.
“Expecting this one to continue running here towards $27 as well, as long as everything remains normal.”
At the time of writing, Polkadot is trading at $17.54, down over 2% in the last 24 hours.
Next on his list is the open-source smart contract platform Fantom. Poppe predicts a steady rally for FTM to at least $1.90 after respecting support at $1.25.
“Same view on FTM here which is showing a heavy bounce from support. Expect tests to be happening at $1.90 and possibly $2.25, and then we’ll have to see.”
Disclaimer: The author’s thoughts and comments are solely for educational reasons and informative purposes only. They do not represent financial, investment, or other advice.
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