Popular cryptocurrency analyst and trader Crypto Michael looked at what’s next for Ethereum rival Fantom (FTM), Polygon (MATIC) and three other altcoins.
Michaël van de Poppe noted that Fantom, a scalable blockchain for businesses, is currently trading at a significant support level against Bitcoin (FTM/BTC):
Currently, the FTM/BTC pair is trading at 0.000053 BTC ($2.23), which is just above Van de Poppe’s entry point at 0.00005 BTC ($2.11).
Another cryptocurrency on Trader’s radar is Polygon. According to Van de Poppe, MATIC still looks bullish despite its latest correction as it continues higher lows.
Next up is blockchain gaming platform Enjin Coin (ENJ), which cryptocurrency Van de Poppe says is approaching two strong support levels after a sharp correction from the all-time high of $4.84.
ENJ is currently changing hands at $2.21. Two key points, according to Van de Poppe’s chart, are $2.20 and $1.90.
Woo Network’s token WOO is also on Van de Poppe’s list. According to the cryptocurrency analyst, WOO could rally by making a big resistance against Bitcoin (WOO/BTC):
The last cryptocurrency on the analyst’s list is Zilliqa (ZIL). According to Van de Poppe, Zilliqa has managed to remove its immediate resistance against Bitcoin (ZIL/BTC) and now a bullish breakout at 0.0000014 BTC ($0.05) looks poised for a lower structure.