A widely followed crypto strategist and trader is eyeing possible rallies for a trio of altcoins including Polygon (MATIC) and Zilliqa (ZIL).
Crypto strategist Michaël van de Poppe tells his 602,900 Twitter followers that blockchain scaling solution Polygon is in a position for a breakout as long as it stays above its immediate support area.
“This one I’m looking to see support sustain around $0.59. If it cracks the $0.70 barrier, gates are open for a move. Great fundamental news, so would be watching this one for movements. If $0.59 lost -> $0.45 a target long area.”
At time of writing, MATIC is changing hands for $0.64.
Next up is Zilliqa, a blockchain designed for enterprise solutions. According to Van de Poppe, ZIL is showing signs of strength as it trades within a narrow range.
“Good build-up here and consistent range. Looking to see whether $0.05 sustains support. If so, I’m expecting a run towards $0.062-$0.067 as possible.”
ZIL is trading for $0.051 at time of writing, up nearly 3% in the last 24 hours.
The last coin on the trader’s radar is XCAD, the native utility token of non-fungible token marketplace XAcademy Network. Van de Poppe says that XCAD looks bullish, and he’s waiting for a pullback before placing long positions.
“This one is showing strength, and I’m expecting this one to continue doing well with all the updates coming up. Definitely on my watch. Further, I won’t be chasing a long here. Would be seeking around the $2.50 area.”
XCAD is currently valued at $3.88, up over 27% in the past day.