After the recent market crash, Bitcoin was able to maintain a price above $20,000 and even surged to $21,000. The altcoin’s gains over the past day have also been impressive, with XRP gaining ground after gaining 12% over the past 24 hours.
Bulls are attempting to recapture some of BTC’s lost territory after last week’s massive drop that resulted in an 18-month low of $17,500 on Sunday. Most of the altcoins are still working to recover some of their recent losses.
After another 8.5 percent daily climb, Ethereum today appears to be over the $1,200 range where it has been struggling for a few days.
Well-known analyst Michael van de Pope is evaluating three crypto assets for potential entry points and setting his price targets.
merchant claims That if the enterprise-solution blockchain Zilliqa (ZIL) can establish support above the $0.0375 level, it could break the $0.05 level. Personally, he would target around $0.048 and look at $0.0355 to $0.0375 for the long term.
Leading smart contract platform Ethereum is listed by analyst. Taking a higher time frame (HTF) view, he examines ETH on the bitcoin trading pair and highlights the possibility of a bullish divergence, a metric where the price appears lower on the chart but with a comparable signal. Displays high low.
he is currently assuming New HTF-based support. If the bullish divergence persists, expect a retest between 0.058 BTC or even 0.063 and 0.065 BTC.
Enterprise-grade blockchain platform Phantom is the last coin on the trader’s radar (FTM). Van de Poppe says that he will be keeping an eye on the altcoin in the long term, noting that it could more than double from current levels by breaking several key resistance areas.
“Let’s look at the higher time frame. There needs to be a break above $0.34 followed by an open at $0.54 and $0.68.”