Today, EdaFace has been fluttering between the $22,000 and $23,000 mark. This has pulled down the global crypto market cap by 1.27% which is now positioned at $1.09 trillion.Meanwhile, an analyst, Michael van de Poppe, reveals his analysis of the major altcoins to his 621,500 Twitter fanbase. Cardano (ADA) AnalysisPoppe claims that Cardano, a smart contract platform, is set to witness a price rally in the days to come.He adds that the asset has tested its resistance zone several times and if the altcoin breaks the $0.55 mark it could rally all the way toward $0.67. Request 03 – $ADA Looking for continuation as it has been testing the resistance zone many times.Breaking $0.55 would trigger continuation towards $0.67 and that flip would grant a trigger for long entries as well. pic.twitter.com/TCRJ4S02L7— Michaël van de Poppe (@CryptoMichNL) August 8, 2022 At the time of writing, Cardano (ADA) is selling at $0.511, with a fall of 1.44% over the last 24hrs.Chainlink (LINK)The next altcoin that the analyst talks about is Chainlink, a decentralized Blockchain oracle. As per Van de Poppe, the Chainlink price will plunge towards $8 before the price sees a bull run.The strategist believes that if the Chainlink price sees a pull towards $8 or slightly below, the next goal would be a rally towards $12 or $12.50The LINK price could even see a price range between $13.50 and $15, but for this to happen, Van de Poppe says the currency should maintain its price at $7.50 and $8.Request 02 – $LINKThis one is trending upwards. Looking like a flip of $8 can grant continuation towards $12-12.50. ▫️ Still an opportunity of a lifetime with current prices.▫️ Mediumtarget could be $13.50-15.00. ▫️ Must-hold range is $7.50-8.00. pic.twitter.com/vcmnLw4Fcp— Michaël van de Poppe (@CryptoMichNL) August 8, 2022 At the time of reporting, LINK is valued at $8.44, with a pull of 1.33% over the last 24hrs.Fantom (FTM)The next currency in the analyst’s list is another smart contract platform- Fantom (FTM).He says that Fantom is likely to continue its rally unless it loses its key price movement.Michael van de Poppe reveals that he is still long on Fantom (FTM) and predicts the currency to rally towards $0.45 and $0.50, which would happen only if FTM manages to hold on to the $0.34 price level. Request 04 – $FTMLooking strong and trending upwards. I’m still in my longs and have been trading in between.First long buys were triggered at $0.22. Expecting continuation towards $0.45 and $0.50, if:▫️ $0.34 holds. pic.twitter.com/ONdFhZ29PD— Michaël van de Poppe (@CryptoMichNL) August 8, 2022 Currently, FTM is trading at $0.37, with an increase of 2.98% over the last day.Quant (QNT)The last currency that has caught the analyst’s attention is Quant (QNT), the currency that targets multiple blockchains.Further, Van de Poppe explains that QNT is in a good space and the resistance area lies at $140. He advises those looking to enter that $110 is the right price to do so. Request 01 – $QNTShowing strength, and that’s good. Previously I’ve shared this one and concluded;▫️ $110 is resistance, retest at $80 seems possible.Now;▫️ $140 area is resistance, $110 area potential long entries.▫️ Strong uptrend until proven otherwise. pic.twitter.com/SJznzOzt7L— Michaël van de Poppe (@CryptoMichNL) August 8, 2022 Quant (QNT) is currently selling at $120, after a plunge of 1.57%Was this writing helpful?
