The year 2022 is drawing to a close, and all that’s left to do is examine the charts of various cryptocurrencies in order to get an idea of how these assets will behave in the not-too-distant future. Famous analyst Michael van de Poppe picks out a few cryptos to analyze and do an analysis of, and we’re gonna be talking about those tokens.
Fantom (FTM)
Van de Poppe believes that FTM has been trading in a sideways range for the previous 12 trading days and is consistently testing new highs. He also said that the entry had been removed, therefore that was the coin flip at $0.20. Nevertheless, a move toward $0.225 and $0.235 might be triggered by breaching and recovering $0.2075-0.21, says the analyst.
At the time of writing, one token is worth $0.203412, reflecting a decrease of 0.4% over the course of the last 24 hours but an increase of roughly 4% over the course of the previous 7 days. After falling below $0.223 at the start of last week, Fantom has shown indications of recovery, with the price recently hovering between $0.26 and $0.289.
Elrond – EGLD
The current price of EGLD is $33.98. Over the course of the last day, it has seen a price gain of 1.7%, while over the course of the last week, it has seen a price drop of 3.6%.
The Elrond bears have shown their dominance over a significant majority of the time, while EGLD investors have been left in a tangled mess as a result of this.
Michael van de Poppe says:
“I must say, I don’t have any interest in crypto like this, unless levels are getting flipped for support. In that way, regaining $39 is the first step.”
Polygon (MATIC)
Van de Poppe believes that there has been a level hit on MATIC, and the analyst is predicting that following a solid recovery, we will be continuing to move toward $0.84.
For the last several months, the price of MATIC has been moving sideways within a wide trading range that spans between $0.69 to $1.05.
It is anticipated that the bears would sell the rally up to the 20-day exponential moving average. If the price moves in the other direction from here and breaks below $0.76, the token may go all the way down to the significant support located at $0.69.
However, if bulls are successful in driving the price over the 20-day exponential moving average, MATIC may try a rally to the $0.97 resistance level, which is located above it.
- SEO Powered Content & PR Distribution. Get Amplified Today.
- Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. Access Here.
- Source: https://coinpedia.org/altcoin/ftm-egld-and-matic-to-make-a-comeback-anytime-soon-analyst-maps-next-levels/
- 1
- 2022
- 7
- 84
- 9
- 98
- a
- About
- above
- After
- All
- analysis
- analyst
- analyze
- and
- Anticipated
- Assets
- average
- Bears
- believes
- below
- between
- breaks
- Bulls
- Charts
- Close
- Coin
- Comeback
- continuing
- course
- crypto
- cryptocurrencies
- cryptos
- Current
- day
- Days
- decrease
- direction
- Dominance
- Dont
- down
- drawing
- driving
- Drop
- EGLD
- Elrond
- entry
- exponential
- exponential moving average
- Falling
- famous
- fantom
- few
- First
- Flip
- following
- from
- FTM
- future
- Gain
- get
- getting
- Go
- here
- Highs
- Hit
- HOURS
- How
- HTTPS
- idea
- in
- Increase
- indications
- interest
- Investors
- IT
- Last
- Level
- levels
- located
- Majority
- make
- Maps
- Matic
- Michael
- might
- months
- move
- moves
- moving
- moving average
- Nevertheless
- New
- next
- ONE
- order
- Other
- Picks
- plato
- Plato Data Intelligence
- PlatoData
- predicting
- previous
- price
- rally
- range
- recently
- recovering
- recovery
- Removed
- Resistance
- result
- roughly
- Said
- sell
- several
- shown
- sideways
- significant
- solid
- spans
- start
- Step
- successful
- support
- talking
- Testing
- The
- their
- therefore
- time
- to
- token
- Tokens
- toward
- Trading
- triggered
- various
- week
- which
- while
- wide
- will
- within
- worth
- would
- writing
- year
- zephyrnet