A well-liked crypto dealer is eyeing three altcoins that would mimic Solana’s latest historic rise.
Solana (SOL) has climbed to the sixth-ranked cryptocurrency, based on CoinGecko. At present buying and selling at $175, the good contract platform is up greater than 600% from its July low of $23.47.
Crypto dealer and market analyst Michaël van de Poppe is maintaining shut tabs on decentralized blockchain platforms Tezos (XTZ), Polkadot (DOT), and Cosmos (ATOM) after SOL’s breakout to a brand new all-time excessive.
He tells his 123,000 YouTube subscribers ATOM seems to be able to run based mostly on its underlying market construction.
“If I must select a coin that’s going to comply with Solana and it must be a layer-one answer, it’d both be Tezos, Polkadot, or it’s going to be Cosmos, and given the construction, it seems to be wonderful.”
Van de Poppe says that ATOM is buying and selling inside a two-year accumulation interval towards Bitcoin and that he’s on the lookout for a retest of the 0.00051 BTC stage ($22.88) after the token started buying and selling in an uptrend towards BTC in August.
As for the place ATOM is headed subsequent, Van de Poppe is taking note of two key value ranges.
“Good retest off the ($17.47) stage, regained every thing that it misplaced within the crash a number of days in the past, and I believe that we’re going to proceed shifting and we’re going to interrupt the highs by means of which the following goal zone I’m taking a look at for Cosmos is $47.50 and $72.”
On the time of writing, ATOM is trading at $26.98, based on CoinGecko.
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