Here Are Top Altcoins With The Bullish Momentum And Its Key Price Levels To Hold: Analyst Michaël van de Poppe
Top crypto analyst Michaël van de Poppe is spotlighting the key levels of support and potential price movements for closely followed altcoins while Bitcoin is reaching $40,000.
Chainlink is one of the first networks to allow the integration of off-chain data into smart contracts. With many trusted partners, Chainlink is one of the major players in the data processing field. Due to the integration of off-chain data, Chainlink has attracted the attention of numerous trusted data providers, including Brave New Coin, Alpha Vantage, and Huobi.
LINK price is up 20.4% last week and bringing a rise of 9% for July.
According to Van de Poppe, LINK is still following the path as it bounced from a significant support zone. The analyst points out that LINK needs to hold its support at $15 or reach a new higher low to gain further upwards momentum towards $20.
Verasity is a disruptive next-generation video-sharing platform. Taking the best elements from traditional models such as advertising, subscription video on-demand, and crowdfunding, Verasity’s decentralized blockchain takes intermediaries out of the equation and keeps value within the community.
VRA is ranking at #451 on Coinmarketcap with a market capitalization of $45 million. Despite its rally of 14.8% in the last 7 days, VRA still carries the loss of 3.4% for the month.
As the analyst says, VRA is unchanged as it bounced from heavy support around $0.008. The altcoin to break $0.01 and $0.0135, and retest $0.024 for the start of a new cycle.
SKALE Network (SKL)
SKALE is described as an elastic network that’s designed to bring scalability to Ethereum. As well as boosting transaction capacity, the decentralized project aims to reduce latency and ensure that payments can be made as cheaply as possible.
Despite the current bear market, SKIL keeps pushing its price for 14.7% during the last 30 days.
Van de Poppe predicts that SKL is most likely bottomed out as it’s on heavy support at $0,238. If SKL wants to continue its rally, it must break critical levels at $0,31 and $0.41.
Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution.
At the time of writing, ZIL was trading at $0.079, gaining 24.9% growth during the past 7 days and 330.1% last year.
The trader points out that due to the weekly order block and confluence with 100-MA on the weekly timeframe, there is a potential heavy support through which the next resistance zone is around 270 Sats.
Next on the list is Holo (HOT). Holochain is an energy efficient post-blockchain ledger system and decentralized application platform that uses peer-to-peer networking for processing agent centric agreement and consensus systems between users.
Holochain enables any device to have its own chain based ledger system. By using a holographic model for data storage and transfer developers can now create decentralized applications that can scale in multiple dimensions across a network ensuring they are truly distributed.
Although HOT is trading at 80.7% down from its ATH, the altcoin well-performed during the last week with a 16.8% rise.
According to the trader, as the coin consistently trading at lower highs for weeks, its bottom construction has not finished yet. The trader expects HOT to bounce back to its support levels before continue to move upside.
COTI is one of the world’s first blockchain protocols that is optimized for decentralized payments and designed for use by merchants, governments, payment DApps and stablecoin issuers.
COTI markets itself as the first enterprise-grade fintech platform that empowers organizations to build their own payment solutions as well as digitize any currency to save time as well as money.
The coin was trading at $0.13 and ranked at $316 on Coinmarketcap.
As from the chart, COTI has fully retraced and touched the previous cycle high, which was also the start of the new impulse wave. The analyst points out 2 critical resistance to break include $0.155 and $0.185 level.
Yet, he belives that most likely, the bottom is in or a new accumulation period starts.
Avalanche is an umbrella platform for launching decentralized finance applications, financial assets, trading and other services. It aims to be something of a global assets exchange, allowing anyone to launch or trade any form of asset and control it in a decentralized manner using smart contracts and other cutting-edge technologies.
Van de Poppe states that there are no bullish view at this point. The coin has rejected at 41K sats and testing support for the second time now. He suggest holding and looking at 20K sats next.
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