Analyst Maps Next Levels For AVAX, COTI, ONE & HTR! Here are The Potential Highs To Watch 

Analyst Maps Next Levels For AVAX, COTI, ONE & HTR! Here are The Potential Highs To Watch 

The post Analyst Maps Next Levels For AVAX, COTI, ONE & HTR! Here are The Potential Highs To Watch  appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

Given the shadow of regulatory uncertainty that has hung over Bitcoin for a few months, its dominance has dwindled. The struggle of Bitcoin over the last few months has given rise to the “Altcoin season,” a brief period in which altcoins outperform Bitcoin.

Most altcoins have hit the oversold portions of the market since the price fall on January 22. Buyers have been unable to sustain the prices of cryptocurrencies above the major resistance levels. As a result, many altcoins have been compelled to continue their downward trend.

Michael van de Poppe, a well-known crypto analyst, and trader examine the prospects for Ethereum (ETH) competitor Avalanche (AVAX) and four other altcoins. 

Van de Poppe tells his 567,500 Twitter followers that he’s watching a crucial resistance level for Avalanche that, if broken, may spark a rally for the smart contract platform.

Harmony (ONE) is the next project, a blockchain that aims to fuel a decentralized economy. When it comes to Harmony and Bitcoin (ONE/BTC), Van de Poppe believes the pair is due for a rebound after hitting support at 0.00000469 BTC ($0.18). He says that some form of bounce from this place should be there on this one. His personal interest is in the range of 350 sats [0.0000035 BTC or $0.13].

COTI, a payments infrastructure platform, is another currency on the traders’ radar. COTI is expected to print a bullish higher low setup versus Bitcoin (COTI/BTC) before beginning a 35 percent rally to its target of 0.00001 BTC ($0.38), according to Van de Poppe.

At the moment, this one is operating in opposition. It’s a likely transaction to make if you flip it. Otherwise, a test at 740 sats [0.000074 BTC or $0.28] for a potential long entry is being considered.

Van de Poppe is also keeping an eye on Hathor’s (HTR) native asset, a scalable coinage that combines direct acrylic graph technology with decentralized blockchain technology. HTR is expected to hit a critical support region versus Bitcoin (HTR/BTC) at 0.0000148 BTC or $0.57, according to Van de Poppe.

Litecoin, a peer-to-peer payment network, is the last coin on the trader’s radar (LTC). Van de Poppe believes that, while Litecoin is presently in a slump against Bitcoin (LTC/BTC), the pair might rally by 17 percent in the future. He is looking for a potential long trigger on a flip of the 3050-3100 sats [0.00305 BTC-0.0031 BTC or $117.01-$118.93] level.