Popular crypto strategist Michael van de Poppe predicts the future of three altcoins, including Binance Coin (BNB) and Polkadot (DOT).
Van de Poppe has told his 643,000 Twitter followers that BNB, the utility token of crypto exchange Binance, must overcome immediate resistance to ignite the next step.
Otherwise, analysts say they are waiting for BNB to return to support at $265.
“This is also a two-tiered interest. A return to the $295 level will trigger a continuation. Then we will consider going long around $265 if possible.”
At the time of writing, BNB is trading at $290.53.
Looking at the interoperability protocol Polkadot, Van de Poppe said DOT could present an opportunity for long-term bulls.
“I’m not interested in trading here, but I’m definitely interested in investment portfolios as current values are very low. Lows have been wiped out and recovery is taking place on a bullish divergence or $6 recovery. If so, look for a deal.”
At the time of writing, DOT is worth $5.29.
Another coin that traders are paying attention to is Fetch.ai (FET), a platform that aims to integrate technologies such as machine learning, artificial intelligence, and blockchain. Altcoins, which rose more than 87% last week, show great strength, according to van de Poppe.
“I’m not interested here, but there are some areas of interest: $0.0925 [and] $0.079”
At the time of writing, FET is trading at $0.09, down more than 10% over the past 24 hours.
As for Bitcoin (BTC), van de Poppe says the cryptocurrency king is currently supported at $17,000.
“Elia holds bitcoin for now.”
Looking at the analyst’s chart, he seems to see $18,131 as a short-term target for BTC.
As of this writing, BTC is trading at $17,181.
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