According to the expert, the whole market looks ready to continue the active movement

Which crypto assets could grow by 200%. Analyst Michaël van de Poppe’s prediction

30.07.2022 - 09:00

274

3 min

What’s new? Cryptocurrency trader and analyst Michaël van de Poppe said that the rate rise of many altcoins could soon reach 200%, as bullish signs point to upward price movements. The analyst noted that some altcoins and bitcoin are breaking above their 50-day moving average and BTC is also breaking above its 200-week moving average. According to the expert, the whole market looks poised for a continued active move. Van de Poppe singled out Avalanche (AVAX), Solana (SOL), and Chainlink (LINK) among other crypto assets.

Moving Average is one of the most commonly used types of technical indicators showing the average value of a cryptocurrency’s price over a certain time period. In this case, 50 days and 200 weeks.

Analyst about AVAX. According to him, the asset broke through its 50-day moving average and “acceleration happening above $26 with all previous highs.” The expert noted that the altcoin also signaled a bullish divergence, which occurs when prices fall to a new low and an oscillator does not reach a similar low. Oscillators are indicators that oscillate around a centered line, such as the moving average convergence divergence (MACD). AVAX is trading at $24,63 as of July 30, 07:10 UTC, having lost 0,04% in 24 hours, according to Binance.

Analyst about SOL. According to Van de Poppe, the cryptocurrency is “holding above” its 50-day MA and is seeing “constant higher lows pushing up buyers’ pressure.” His predictions for cryptocurrency include $62 and $84. SOL is trading at $42,40, having lost 2,53% in 24 hours.

Earlier, Michaël van de Poppe called 3 altcoins, the value of which may rise in the near future. He referred to Chainlink (LINK), Ethereum (ETH), and Polkadot (DOT) as promising coins.

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