A well-known cryptocurrency strategist and trader is keeping an eye on possible rallies for three altcoins, including Polygon (MATIC) and Zilliqa (ZIL).
Crypto strategist Michaël van de Poppe told 602,900 Twitter followers that the blockchain scaling solution Polygon is well-positioned to break through as long as it stays beyond its immediate support area.
“This is expected to hold support around $0.59. $0.70 Breaking the barrier opens a movable door. It’s good basic news, so you’ll be watching this news about the move. $0.59 loss -> $0.45 target long area.”
At the time of writing, MATIC is trading at $0.64.
Next up is Zilliqa, a blockchain designed for enterprise solutions. According to Van de Poppe, ZIL is bullish as it trades within a narrow range.
“There is a good buildup and consistent coverage here. Looking to see if $0.05 holds support. If so, we’re expecting $0.062-$0.067 if possible.”
ZIL is trading at $0.051, up nearly 3% in the last 24 hours as of this writing.
The last coin on a trader’s radar is XCAD, the native utility token of the non-fungible token marketplace XAcademy Network. Van de Poppe said XCAD was bullish and awaiting a pullback before taking a long position.
“This product has been performing well and we look forward to continuing to work well with all future updates. Definitely on my watch. Besides, I won’t be chasing here long. You will be looking for an area around $2.50.”
The present value of XCAD is $3.88, up more than 27% over the past day.
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