A widely followed crypto strategist and trader is eyeing possible rallies for a trio of altcoins including Polygon (MATIC) and Zilliqa (ZIL).
Crypto strategist Michaël van de Poppe tells his 602,900 Twitter followers that blockchain scaling solution Polygon is in a position for a breakout as long as it stays above its immediate support area.
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“This one I’m looking to see support sustain around $0.59. If it cracks the $0.70 barrier, gates are open for a move. Great fundamental news, so would be watching this one for movements. If $0.59 lost -> $0.45 a target long area.”
At time of writing, MATIC is changing hands for $0.64.
Next up is Zilliqa, a blockchain designed for enterprise solutions. According to Van de Poppe, ZIL is showing signs of strength as it trades within a narrow range.
“Good build-up here and consistent range. Looking to see whether $0.05 sustains support. If so, I’m expecting a run towards $0.062-$0.067 as possible.”
ZIL is trading for $0.051 at time of writing, up nearly 3% in the last 24 hours.
The last coin on the trader’s radar is XCAD, the native utility token of non-fungible token marketplace XAcademy Network. Van de Poppe says that XCAD looks bullish, and he’s waiting for a pullback before placing long positions.
“This one is showing strength, and I’m expecting this one to continue doing well with all the updates coming up. Definitely on my watch. Further, I won’t be chasing a long here. Would be seeking around the $2.50 area.”
XCAD is currently valued at $3.88, up over 27% in the past day.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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