Bullish Insights: Popular Crypto Analyst’s Hot Altcoin Predictions
Crypto analyst Michaël van de Poppe has shared his insights on a low-cap altcoin that has witnessed substantial gains of nearly 9 times its value this year, indicating that it might be gearing up for a bullish continuation.
Van de Poppe believes that Kaspa (KAS), a layer-1 proof-of-work cryptocurrency, appears poised for a fresh uptrend.
He suggests that if his bullish outlook for Kaspa materializes, the cryptocurrency could potentially appreciate by around 41% from its current price, reaching a new all-time high of $0.068. To achieve this, Van de Poppe notes that Kaspa needs to successfully turn the $0.049 resistance level into a supportive zone to sustain its long-term upward momentum.
At the moment, KAS is trading at $0.0479, showcasing an impressive gain of approximately 788% from its starting price of $0.00539 earlier in 2023.
In the event of a bearish turn in the crypto market, the well-respected analyst and trader highlights his interest zone, which would be approximately 24% below the current level.
Request 04 – $KAS
This one looks ready for a new leg up.
If that happens, my targets are $0.068. Crucial to flip? The $0.049 area.
If markets are showing weakness, I'd be interested between $0.036-0.04. pic.twitter.com/bdZDcStMu3
— Michaël van de Poppe (@CryptoMichNL) September 28, 2023
In such a scenario, he mentions, “If markets are showing weakness, the area of interest would be between $0.036 and $0.04.”
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Shifting attention to Render Network’s (RNDR) native token, Van de Poppe also expresses optimism about its potential for continued upward movement. He anticipates that a breakout above RNDR’s immediate resistance level could trigger substantial breakout rallies.
Request 03 – $RNDR
This one, I'm personally expecting bullish continuation to be happening.
In that regard, I'd prefer a break above $1.65 and then we're looking for expansion and continuation.
Targets of $2.50-3.00 are reasonable. pic.twitter.com/Vkr6nQjpjt
— Michaël van de Poppe (@CryptoMichNL) September 28, 2023
In his analysis, he explains, “In this case, a bullish continuation is expected. Ideally, a breakout above $1.65 would be preferred, signaling expansion and ongoing momentum. Price targets in the range of $2.50 to $3.00 seem reasonable.”
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
