Here’s what’s in store for Binance Coin, Polkadot, and an AI-focused altcoin that’s up sharply this week: Top Analyst
Popular crypto strategist Michaël van de Poppe predicts what’s to come for three altcoins, including Binance Coin (BNB) and Polkadot (DOT).
Van de Poppe tells his 643,000 Twitter followers that BNB, crypto exchange Binance’s utility token, needs to shed its immediate resistance to ignite the next move higher.
Otherwise, the analyst says he is waiting for BNB to return to the $265 support.
“Two levels of interest for this one too. Reclaiming the $295 level would trigger a continuation. Second, I would consider a long position around $265 if possible.”
Source: Van de Poppe/Twitter
At the time of writing, BNB is changing hands for $290.53.
Looking at the Polkadot interoperability protocol, Van de Poppe says DOT may represent an opportunity for long-term bulls.
“I’m not interested in trades here, but I’m definitely interested in my investment portfolio as current values are extremely low. I will be on the lookout for trades if the low breaks and a recall occurs with a bullish divergence or a $6 recall.”
At the time of writing, DOT is valued at $5.29.
Another coin on the trader’s radar is Fetch.ai (FET), a platform that aims to bring together technologies such as machine learning, artificial intelligence, and blockchain. The altcoin, which is up over 87% over the past week, is showing a lot of strength, according to Van de Poppe.
“I’m not interested here, but I have a couple of interesting regions, namely: $0.0925 [and] $0.079.”
At the time of writing, FET is trading at $0.09, down over 10% in the last 24 hours.
Regarding Bitcoin (BTC), Van de Poppe says the king crypto currently holds support at $17,000.
“Area is holding onto bitcoin so far.”
Looking at the analyst’s chart, he seems to see $18,131 as a possible near-term target for BTC.
At the time of writing, BTC is exchanging hands for $17,181.
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