The flagship crypto is cementing key resistance level at $40k to make a parabolic surge, the top alts are all trading in green now. This scenario pays wave way for all the alts to follow suit and start a rally north.
Popular Analyst Micheal Van De Poppe has charted the next price levels for 4 low cap altcoins this week. He took to Twitter to track the performance of these altcoins against its BTC pair.
First up on his list is VeChain, a supply chain management protocol with a market cap of $5,359,275,651. According to him, VET/BTC is expected to hit 0.0000027. This move will mark a 22% surge in price.
I’d like to see it hold green but also crack above 220 sats ($0.08) to trigger continuation to 270 sats (0.0000027 BTC).”
Next up on his list is Quant, an interoperable blockchain tech, stands #68 on the market cap rankings. Van De Poppe says, Quant is bullish on Bitcoin (QNT/BTC), and he believes the pair will rally as long as support at 0.0022 BTC, or around $87.72, is held.
If QNT holds the said support, it can potentially rally to 0.0039 i.e $115. This accounts for a 23% surge.
At the time of writing, QNT is already following the charted prediction, as it has surged 19.2% in the last 24 hours and is trading at $111.86. A rise towards $115 is plausible from here.
Third, on the list is KAVA, a decentralized cross-chain money market. According to Van de Poppe, KAVA/BTC is about to break over resistance around 0.000144 BTC ($5.42) and target the next resistance zone at 0.00023 BTC ($9.13), which represents a nearly 60% upside potential.
KAVA is currently trading at $5.29 down by 1.4% in the last 24 hours.
SXP, the native digital currency of payments platform Swipe, is the final coin. SXP, according to Van de Poppe, is poised to make a 57 percent move higher after breaking through resistance at $1.65.
“Swipe breaking upwards, after a beautiful bounce from a heavy support zone. Flipping the red area and continuation is likely to $2.25 and $2.60.”
At the time of writing, SXP is trading at 1.80 up by 3% in the last 24 hours.