Following a weekend that saw a rise throughout the crypto markets, well-known crypto analyst Michael van de Poppe is expressing his thoughts on four altcoins, including XRP, Binance Coin (BNB), and Cosmos (ATOM).
Ripple (XRP)
Van de Poppe advises his 613,700 Twitter followers that XRP is entitled to a small correction following a rebound of more than 35% from its 2022 bottom of $0.28.
The strategist, with the help of a chart, explains that Now this demonstrates bullishness but it is turned down at first encounter. He expects a trade around $0.343, which will be a possible bullish push. Targets are clearly specified and might range from $0.43 and $0.47.
At the time of reporting, XRP is valued at $0.349 down by 3.66% in the last 24hrs.
Binance Coin (BNB)
The next currency that has caught the analyst’s attention is BNB, the utility token of cryptocurrency exchange Binance. As per Van de Poppe, BNB will turn the prior $222 barrier into assistance before starting its rise.
Van de Poppe quotes that he wishes to see XRP holding on to $222-$225 before moving towards $255 & $267
At the moment, BNB is changing hands at $237 with a plunge of 1.05%
Cosmos (ATOM)
Cosmos, an ecosystem of blockchains built for reliability and compatibility, is yet another cryptocurrency on the trader’s checklist. Van de Poppe believes ATOM needs to overcome its next barrier in order to get an additional positive pace.
The analyst says this currency is really holding firm, and he is still a supporter of this blockchain.
The trader is anticipating a significant increase along with fundamental progress. Price movement -> at resistance. Breaking $8.70 causes momentum, with $10 and $12 as the major short-term goals.
During the publication, ATOM is trading at $7.82 down by 6.60% in the last 24hrs.
Celer Network (CELR)
The final cryptocurrency on the strategist list is a scaling technology designed to facilitate safe off-chain operations. Van de Poppe claims he is expecting CELR’s price movement to develop once the currency rises more than 135% from its 2022 low of $0.01.
CELR is trading at $0.017 at the time of writing.