Broadly adopted crypto dealer Michaël van de Poppe says STEPN (GMT) may see an enormous rally if Bitcoin (BTC) can preserve the $28,400 assist vary.
The crypto analyst tells his 602,000 Twitter followers GMT may quickly soar roughly 47% to the $1.80 stage.
“Is likely to be a play on GMT if BTC holds $28,400 vary.”
STEPN is buying and selling for $1.38 at time of writing.
Staying on BTC, Van de Poppe says if Bitcoin can flip the $29,400 stage from resistance to assist, then nothing is stopping the biggest crypto by market cap from reaching $32,800.
“Nonetheless watching this on Bitcoin wherein my space is the one at $28,400 (marked a number of days in the past).
Rejected at $29,400 as effectively, so will see how decrease ranges are going to react.
Flip of $29,400 is a set off in direction of $32,800 already.”
Bitcoin is buying and selling for $30,362 at time of writing.
Van de Poppe additionally thinks the altcoin markets are able to pop. He singles out a chart of Chiliz (CHZ), nothing that the sports-focused social token may very well be poised to make 20-35% positive factors.
“Good breakout on some altcoins, ensuing into some [Support/resistance] flips that may very well be traded.
This one on CHZ as effectively.
Would possibly end result into 20-35% run.”
Chiliz is buying and selling for $0.12 at time of writing.
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