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May 22, 2024
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Top Analyst Predict Bullish Continuations for XRP, APT & FTM- Is This the Beginning of Altseason or a Bull Trap?

The post Top Analyst Predict Bullish Continuations for XRP, APT & FTM- Is This the Beginning of Altseason or a Bull Trap? appeared first on Coinpedia Fintech News

The crypto markets traded sideways throughout the past weekend as the price of the major tokens appears to have been fluctuating within a range. The BTC price is also unable to breach the crucial resistance at $23,000, which was expected to be cleared quickly after clearing the pivotal zones at around $22,800.

However, some of the altcoins are displaying immense potential to rise beyond the resistance and maintain a notable upswing in the coming days. A popular analyst, Micheal van de Poppe, believes these tokens may maintain bullish momentum and clear the barrier soon.

Here’s his outlook on the key altcoins you need to keep a watch on for now. 

Ripple (XRP) 

Ripple has been showing significant strength which led to a 30% upswing in the past couple of weeks and uplifted the price beyond the crucial levels of $0.42. After the fresh upswing, the XRP price is believed to experience a minor pullback below $0.4 regions which may further trigger a strong recovery. 

“That worked out for XRP

Now, I’d like to see $0.395 and hold as support 

It not, then I’d be looking at $0.35 next,”

Fantom (FTM) 

The Fantom price surpassed the main target by close to $0.25 and surged heavily to reach $0.4. Currently, the asset is facing some bearish action, which is preventing the price from rising above the highs. 

However, the bulls are resilient and have been able to hold the price close to $0.4 which elevates the possibility of a bullish breakout in the next few hours. 

“ This one should provide continuation in the coming week, but preferably I’d be cautious here too.

Aggro entry zone is around $0.34, which is a must-hold. Did give a bounce already.

Conservative long approach around $0.305,”

Aptos (APT) 

Aptos price, after a massive start in November, maintained a descending trend and within a very narrow range. The trading volume also remained extremely low due to which the price maintained involatile. However, the trend flipped heavily since the start of 2023. The bullish volume exploded and the momentum remained elevated.

“ This one has been accelerating quiet fast and I’m getting comments whether it can reach $360 this year. 

Time to be conservative on this asset.

Aggro entry approach-$11.25

Defensive entry approach- $8.25 – $9.

Going to be incredibly interesting market,”

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