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5 Altcoins Set To Rally As New Phase of Bitcoin Bull Run Begins, According to Crypto Analyst Michaël van de Poppe

5 Altcoins Set To Rally As New Phase of Bitcoin Bull Run Begins, According to Crypto Analyst Michaël van de Poppe
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Crypto analyst Michaël van de Poppe is naming five altcoins he expects to do well as the digital asset market prepares for a new phase of the bullish cycle.

In a new strategy session, the merchant tells his 144,000 YouTube subscribers that he is keeping a close eye on Cosmos, a project he calls “Internet of Blockchains.” Van de Poppe says he is looking at a broad range for Cosmos vs. Bitcoin (ATOM/BTC) as the pair may bottom out.

“This entire area that we have is here [0.00045 BTC – 0.00037 BTC worth $29.19 – $24] It is definitely what I am seeking in the coming period for a potential entry point.”

The second altcoin on Van de Poppe’s radar is Chainlink. According to the crypto analyst, Chainlink is still in a downtrend against Bitcoin (LINK/BTC), but expects the pair to spark a rally early next year.

“Maybe we conclude that we are at the end of this corrective period in which we may want to break this period and flip some levels before we start following.

Moving averages play a role as well at this point, which is what results in this side action, but once the moving averages are flipped, that is definitely what I want to buy.”

Next up is Curve, the governance token of Curve Finance’s decentralized stable exchange (DEX) exchange. Trader says Curve is showing some strength against Bitcoin (BTC/CRV), but the pair must exit resistance at 0.0001 BTC ($6.49) for an upward continuation.

Fourth on Van de Poppe’s list is the Aave Lending and Borrowing Protocol. Crypto strategist says AAVE/BTC is one resistance away from launching a massive rally.

“If we break this down ($0.005690 BTC $367.89) I would expect an acceleration all the way to the rallies here (0.01 BTC $646.56), likely towards the other side of the range. We’ve seen that happen before.”

The last alternative currency that the analyst is looking for is VeChain for Supply Chain Management (VET). Van de Poppe says VeChain is still in a downtrend against Bitcoin (VET/BTC) but could see support at 0.0000015 BTC ($0.09) for a possible trend reversal.

“We are seeing lower highs and lower lows here I think through which we want to see a retest take place at these lower limits. You’ll want to do a test re-test in this area here before we have any expansion, but sure, a nice one experiencing these cycles before we start expanding into a new one. “

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Disclaimer: The opinions expressed in The Daily Hodl are not investment advice. Investors should perform their due diligence before making any high-risk investments in bitcoin, cryptocurrencies, or digital assets. Please be aware that your transfers and transactions are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling any cryptocurrency or digital assets, and The Daily Hodl is not an investment advisor. Please note that The Daily Hodl is involved in affiliate marketing.

Featured Image: Shutterstock / Tithi Luadthong

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