Here’s What’s Next for Ethereum Rivals Polkadot, NEAR and Two Additional Altcoins, According to Top Analyst
Widely followed crypto analyst Michaël van de Poppe is mapping out what’s in store for four altcoins including Ethereum challengers Polkadot (DOT) and Near Protocol (NEAR).
Van de Poppe tells his 587,800 Twitter followers that interoperable blockchain Polkadot must take out its immediate resistance to have a shot at a 35% surge.
“Very simple chart. Needs to break $20 and then $27 seems next.”
At time of writing, Polkadot is exchanging hands for $18.21.
Next up is Near Protocol, a developer-focused blockchain designed for scalability and stability. According to Van de Poppe, he’s looking at Near to establish support around $13 with resistances at $17.70 and $20.
“This one didn’t change. I’m still interested in longing this one around the region of $13.”
NEAR is valued at $15.03 at time of writing.
Another coin on the trader’s list is VeChain (VET), a blockchain platform designed to help companies optimize their supply chains. Van de Poppe says he’s looking at two bullish scenarios for VET.
“- Either $0.058 flip would be a great long for some upside continuation.
– Or I’m looking at $0.05 as a level next for support to test.”
VeChain is currently trading for $0.05, up nearly 5% in the last 24 hours.
The last coin on the analyst’s radar is STEPN (GMT), a lifestyle token that equips users with non-fungible token (NFT) sneakers and rewards them for taking steps in the real world.
According to Van de Poppe, GMT must stay above $3.20 to avoid a heavy corrective move.
“This one is looking ready for continuation, but I’d be chasing some trades in the $3.20 region. If that one is lost, I think the fall can be quite heavy, so I’d be targeting [the] $3.20 region for some scalp longs.”
At time of writing, GMT is valued at $3.31.
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