A widely followed crypto strategist says he has his eye on a small-cap altcoin that he believes is gearing up for a move higher.
Trader Michaël van de Poppe tells his 661,000 Twitter followers that decentralized machine learning network Fetch.ai (FET) could see strong rallies if it manages to clear its immediate resistance at $0.25.
According to Van de Poppe, the breakout rally could cause the FET to skyrocket by more than 80%.
“This one is borderline a big breakout. Breaking $0.25 and I think $0.45 is next.
Definitely one to watch. Is AI (artificial intelligence) back?
At the time of writing, FET is worth $0.22.
The next step is the XRP cross-border payment solution. According to Van de Poppe, XRP is currently trading within a wide range, and he plans to rally the altcoin if it falls to the lows of its range or if it retests its current resistance for support.
“The game plan is simple. In this range, I see no reason to jump into trading. I’m looking at a long sweep to $0.66 or a clear rally to $0.825.”
At the time of writing, XRP is worth $0.73.
Another altcoin on the list of traders is the challenger XRP Stellar (XLM). Van de Poppe says that he is waiting for XLM to return to its immediate support before accumulating long positions.
“This hasn’t changed. Very interested around $0.14 for at least one bounce game. Momentum has built and will likely stay that way for now.”
At the time of writing, XLM is trading at $0.155.
As for the Fantom (FTM) smart contract platform, Van de Poppe says he is looking at two scenarios before turning bullish on rival Ethereum (ETH).
“Difficult, with the recent news. It could provide a buying opportunity if the markets fall a bit further. Looking at a case of hitting the longs at $0.19-$0.21 in case of a sweep. Claiming $0.28 is another trigger.”
Fantom recently suffered a setback due to the exploitation of the Multichain cross-chain bridge to the tune of $126 million worth of crypto assets.
At the time of writing, FTM is worth $0.255.
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Featured Image: Shutterstock/thinkhubstudio/Andy Chipus
