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One of 2022’s Most Explosive Altcoins May Be Gearing Up for 47% Rally, According to Analyst Michaël van de Poppe

dailyhodl.com 19 May 2022 20:12, UTC
Reading time: ~2 m

Widely followed crypto trader Michaël van de Poppe says STEPN (GMT) could see a massive rally if Bitcoin (BTC) can maintain the $28,400 support range.

The crypto analyst tells his 602,000 Twitter followers GMT could soon jump approximately 47% to the $1.80 level.

“Might be a play on GMT if BTC holds $28,400 range.”

Source: CryptoMichNL/Twitter

STEPN is trading for $1.38 at time of writing.

Staying on BTC, Van de Poppe says if Bitcoin can flip the $29,400 level from resistance to support, then nothing is stopping the largest crypto by market cap from reaching $32,800.

“Still watching this on Bitcoin in which my area is the one at $28,400 (marked a few days ago).

Rejected at $29,400 as well, so will see how lower ranges are going to react.

Flip of $29,400 is a trigger towards $32,800 already.”

Source: CryptoMichNL/Twitter

Bitcoin is trading for $30,362 at time of writing.

Van de Poppe also thinks the altcoin markets are ready to pop. He singles out a chart of Chiliz (CHZ), nothing that the sports-focused social token could be poised to make 20-35% gains.

“Good breakout on some altcoins, resulting into some [Support/resistance] flips that could be traded.

This one on CHZ as well.

Might result into 20-35% run.”

Source: CryptoMichNL/Twitter

Chiliz is trading for $0.12 at time of writing.

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