Crypto analyst, Michaël van de Poppe, has provided an update on several altcoins, including Ethereum rival Fantom. With a significant following of 659,600 on Twitter, Van de Poppe believes Fantom is showing bullish signs and is on track for an upward move, as long as it remains above the $0.30 mark. The analyst suggests that once Fantom surpasses its immediate resistance at $0.33, the altcoin could experience some fireworks. As of now, FTM is trading at $0.304.
Another altcoin on Van de Poppe’s radar is Fetch.ai, a decentralized machine-learning network. Van de Poppe is waiting for Fetch.ai to break its resistance level of $0.25 before considering accumulation. If the altcoin fails to pass this level, Van de Poppe will be looking to enter at lower levels. Currently, FET is trading at $0.23.
Arbitrum, an Ethereum scaling solution, is also highlighted by Van de Poppe. It is suggested that ARB could enter a bullish phase once it surpasses the $1.30 mark. However, at the time of writing, ARB is valued at $1.13.
The last altcoin mentioned by Van de Poppe is Verasity, a video-sharing blockchain. For Verasity to experience a significant surge, it needs to break resistance at $0.0058. Currently, VRA is trading at $0.0052.
These updates provide valuable insights for cryptocurrency investors looking to capitalize on potential rallies in the altcoin market. However, it is essential to keep in mind the volatile nature of the crypto market and conduct thorough research before making any investment decisions.