Famous analyst points to where the price of Fanton, Harmony and Cardano is going2 min read
Popular cryptocurrency strategist Michaël van de Poppe is mapping out what he thinks about ETH’s competitors: Cardano (ADA), Fantom (FTM) and Harmony (ONE).
In the case of Cardano, the analyst said that ADA must recover a key level to trigger a 25% rally.
“This one made a false breakout above $1.50. Dumped back to the break. If he wants to retest the $1.50 area, I would be looking at a flip and recovering $1.20 first.”
Already the analyst known as Altcoin Sherpa said that the price of ADA could rise if there is a slight recovery in the crypto market.
“$ADA: since everyone’s exposed to just altcoins, I’m going to be doing a bunch of alt charts where I think decent support is. That doesn’t mean that there wont be bounces before this time but these are meaningful lvls of support where price could eventually go. support: .40.”
Fantom and Harmony
Next, regarding Fantom, Van de Poppe said that the FTM/BTC pair managed to hold support at 0.00005 BTC ($1.81). It must now clear resistance at 0.000068 BTC ($2.48) to launch a breakout rally.
“The crucial area to avoid a nuclear bomb was the 6800 sats zone. Didn’t hold. Support between 5100-5400 sats (0.00005 BTC – 0.000054 BTC), resistance at 6800 (0.000068 BTC) sats. If this breaks -> new impulse wave.”
Finally, the last cryptocurrency on the trader’s radar is Harmony, a blockchain focused on powering a decentralized economy.
Thus, in the case of the ONE token, Van de Poppe highlighted that the cryptocurrency may be positioning itself for a bounce against BTC (ONE/BTC) after sustaining support at 0.000005 BTC or $0.18.
“If you want to get into ONE, then this is probably the region you are looking for.”
“Solana is the new EOS”, says investor after network suffers new attack