A much-followed crypto strategist says he has his eye on one low-cap altcoin that he thinks is headed for an upward move.
Trader Michaël van de Poppe tells his 661,000 Twitter followers that decentralized machine learning network Fetch.ai (FET) could see strong rallies if it manages to clear its immediate resistance at $0.25.
According to Van de Poppe, the breakaway rally could push the FET up more than 80%.
“This one is on the verge of a major breakout. Breaking $0.25 and I think $0.45 is next.
Definitely one to watch. AI (artificial intelligence) is back?”
At the time of writing, FET is worth $0.22.
The next step is the cross-border payment solution XRP. According to Van de Poppe, XRP is currently trading in a wide range and plans to rally the altcoin if it drops to its lows or if it retests its current resistance as support.
“The game plan is simple. In this range I don’t see the reason to jump on trades. I’m looking at a $0.66 sweep for swing longs or a $0.825 clear clawback.
At the time of writing, XRP is worth $0.73.
Another altcoin on the trader list is the XRP challenger Stellar (XLM). Van de Poppe says he is waiting for XLM to pull back to its immediate support before building long positions.
“This is unchanged. Heavily interested around $0.14 for at least a bounce game. The momentum is up and it will probably stay that way for a while.”
At the time of writing, XLM is trading at USD 0.155.
Turning to the Fantom (FTM) smart contract platform, Van de Poppe says he is looking at two scenarios before turning bullish on its Ethereum (ETH) rival.
“Difficult, with the recent news. Could present a buying opportunity if markets fall a little further. Looking at a case of hitting the longs at $0.19-$0.21 in the case of a sweep. Reclaiming $0.28 is another trigger.
Fantom recently suffered a setback due to the exploitation of the cross-chain bridge Multichain amounting to $126 million in crypto assets.
At the time of writing, FTM is worth $0.255.
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