Crypto analyst Michaelëlvande Poppe, who is being closely followed, says Ethereum competitor Harmony (ONE) appears very bullish as he anticipates a new market cycle for Cardano (ADA).
Van de Poppe, with 560,800 followers on Twitter, saw Harmony, a blockchain focused on driving the decentralized economy, clearing its final resistance area, as much as 71% from its current price of $0.32. He says it rises.
“It’s very optimistic here. It’s amazing. [resistance to support] Reverse.
I am looking for a continuation towards $0.50~$0.55. “
Next up is the Cardano smart contract. It is possible that Van Depoppe has started a new market cycle for Bitcoin (ADA/BTC) after losing more than 50% of its value in about four months.
“Did I start a new cycle? Looks good.”
At the time of writing, ADA was trading at 0.000038 BTC ($1.62), up more than 46% from the 2022 low of 0.000026 BTC ($1.10).
Another coin on Van de Poppe’s radar is the virtual reality platform Decentraland (MANA). According to crypto strategists, MANA needs to outperform the $2.50 support to maintain its upward momentum.
“Looks like you are holding an important area-> Continuing Ascension?”
MANA is currently trading at $2.91.
The last coin on the list is The Graph (GRT), a platform for indexing and organizing blockchain data. Van de Poppe says the GRT needs to get rid of its immediate resistance in order to generate bullish momentum.
This needs to break through important levels. In this case, the trend can be reversed.
Key areas: between $0.625 and $0.65. “
At the time of writing, GRT is trading at $0.55.
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