In recent tweets, renowned crypto analyst Michaël van de Poppe, popularly known as CryptoMichNL, shared his insights on several cryptocurrencies and identified potential price movements. Van de Poppe’s analysis highligheds the possibilities of bullish rallies and key support levels for SUI, AKT, XRP, TRIAS, and VRA.
Starting with SUI, According to Van de Poppe, when a support level holds strongly and stays above a certain point (represented by green), it shows that the price has formed a higher low (HL) and confirms that the previous support has now become support again. The analyst anticipates a notable 10-12% rally toward $1.02 if this scenario plays out.
Moving on to AKT, the analyst presents two possible scenarios. As per his analysis a short scenario could emerge if there is a sweep of the high. Also “rejecting in red resistance” is another signal to consider. Van de Poppe identifies a buying opportunity at $0.50, assuming these scenarios materialize.
When discussing XRP, Van de Poppe highlighted the cryptocurrency’s encounter with crucial resistance. Although a sweep of the high has occurred, a sweep of the lows is yet to be seen. If a subsequent sweep takes place, followed by a fall back within the range, the analyst suggests a buying range of $0.48-0.49. However, XRP needs to overcome the $0.55 level for a sustained uptrend.
Regarding TRIAS, TRIAS, Van de Poppe observed that the price is nearing its previous high levels, which gives him confidence in a potential breakout. However, he recommends exercising patience and waiting for suitable entry points before making a trade. The analyst specifically identifies his preferred entry zone as being between $3.25 and $3.40, and he also suggests a secondary option around $3. By waiting for the price to reach these levels, traders can potentially make more informed decisions and optimize their risk-reward ratios.
Finally, discussing VRA, Van de Poppe suggested a potential reversal soon. He expects a continuation of the uptrend towards $0.006, emphasizing that if this level is breached, it might trigger accelerated price movement. The analyst also highlighted this period as an excellent accumulation opportunity.
Van de Poppe’s insights provide valuable guidance for traders and investors navigating the cryptocurrency market. As always, market participants are encouraged to conduct their research and exercise caution when making investment decisions.
