Here’s What’s Next for Cardano, Terra, STEPN and Two Additional Altcoins, According to Top Crypto Analyst
Popular crypto strategist Michaël van de Poppe is outlining what’s in store for five altcoins including smart contract platform Cardano (ADA), decentralized finance payment network Terra (LUNA) and step-to-earn protocol STEPN (GMT).
The crypto analyst tells his 607,500 Twitter followers that he expects Cardano to continue rallying now that it has taken out its immediate resistance at $0.60.
“Looking at $0.60 flip for longs too, and that would give a potential target of $0.77 as the next run.”
At time of writing, ADA is changing hands for $0.62, up over 11% in the last 24 hours.
Next up is LUNA, which Van de Poppe says is unable to sustain any bullish momentum.
“Can’t really say much. Trending south, so if $6 is lost, I’d be looking at $4.50-$5 for some scalps. Maybe even shorting the breakdown.”
LUNA is trading at $5.10 at time of writing, according to CoinGecko.
Another coin on the trader’s list is GMT. According to Van de Poppe, GMT must take out its immediate resistance to potentially launch a 15% rally from current prices.
“Breaking the highs at $1.02 and acceleration towards $1.15 seems likely.”
GMT is currently valued at $1.00, up over 5% in the past day.
The fourth coin on Van de Poppe’s radar is blockchain-indexing protocol The Graph (GRT). The crypto strategist predicts bullish continuation for GRT en route to his target at $0.19.
“Expecting continuation here.”
At time of writing, GRT is priced at $0.16, down 1.55% in the last day.
The last coin is Origin Protocol (OGN), a platform that aims to build a decentralized sharing economy. According to Van de Poppe, OGN appears poised to ignite a 17% surge to his target at $0.33.
“This one is showing momentum recently and gave some beautiful scalp setups (longs/shorts). Right now, I’m looking at $0.275 personally for some long potential.”
At time of writing, OGN is trading for $0.28, up over 3% in the last 24 hours.
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