Here’s What’s Next for Avalanche, Pepe and Two Additional Altcoins, According to Popular Analyst

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A crypto strategist is outlining what’s in store for a handful of altcoins, including Ethereum (ETH) rival Avalanche (AVAX) and memecoin Pepe (PEPE).

Analyst Michaël van de Poppe tells his 657,200 Twitter followers that he’s looking at a quick AVAX bounce either at $14 or $12.

However, Van de Poppe says that the bounce will likely be short-lived as he believes AVAX is still in a downtrend.

“In a point of interest, which is comparable with other altcoins.

However, trend remains to be downwards, if low timeframe gives confirmation, I’d be pulling a long here.

Reclaim $16.50 is necessary. Otherwise, I’d be looking at $12 for longs.” 

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Source: Michaël van de Poppe/Twitter

At time of writing, AVAX is trading for $15.14.

Next up is the memecoin Pepe, which Van de Poppe says must hold a key support level to have a shot at regaining bullish momentum.

“This one is making a bear market relief rally, I would say.

Needs to hold above $0.00000173, then we could see continuation towards $0.0000024.

If $0.00000173 is lost, then I’m looking at playing a short and trying to catch a long at $0.00000085.” 

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Source: Michaël van de Poppe/Twitter

At time of writing Pepe is worth $0.00000181.

Another altcoin on the trader’s list is the blockchain-indexing protocol The Graph (GRT). According to Van de Poppe, GRT will likely see more sell pressure as long as it is below $0.13.

“Lost a crucial support at $0.13, which needs to be reclaimed before I’m interested.

Otherwise, I’d be looking at the area at $0.097 for a potential long play.” 

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Source: Michaël van de Poppe/Twitter

At time of writing, GRT is trading for $0.124.

The last altcoin on the trader’s radar is the interoperable blockchain Quant (QNT). Van de Poppe says QNT is hovering close to a support level, but notes that he’s waiting for signs of strength before accumulating the altcoin.

“Interesting price action, as we’re hitting high timeframe support here.

Am I interested? Not yet. I’d prefer to have a flip of $112 before activating a long and that one can run fast and quick to $175.

Otherwise, looking at $76.” 

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Source: Michaël van de Poppe/Twitter

At time of writing, QNT is trading for $105.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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The post Here’s What’s Next for Avalanche, Pepe and Two Additional Altcoins, According to Popular Analyst appeared first on The Daily Hodl.

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