Follow me on Twitter
Enjin Coin (ENJ) news

Crypto strategist outlines 2022 bullish scenarios for Polygon, Fantom and Enjin Coin

Rate this post



✅Hot Coin News⏩

📌Feedback from the Administration of the channel in Telegram:📨

Crypto strategist outlines 2022 bullish scenarios for Polygon, Fantom and Enjin Coin.

Popular crypto analyst and trader Michael van de Poppe has highlighted the next possible moves for several altcoins, including Polygon (MATIC), Fantom (FTM), and Enjin Coin (ENJ).

The analyst also highlights the technical outlook for two other altcoins- Woo Network (WOO) and Verasity (VRA).

Van de Poppe also believes flagship cryptocurrency Bitcoin could see a decent bounce and break to the $46,000 price level. This follows the cryptocurrency’s flip above $40k after a brief dip to lows of $39,600 on Monday.

Fantom (FTM) is one to watch.

Turning to the altcoins, the analyst says that Fantom price could see another run, off major support levels. He looks at the FTM/BTC pair as indicative of the bullish resilience, noting that 0.0005 BTC makes a good entry point for the coin.

Michael van de Poppe believes FTM, alongside Cosmos (ATOM) and Chainlink (LINK), are some of the altcoins that have shown great strength recently. He says if Bitcoin price “settles”, then FTM would be one of those altcoins to watch.

Polygon (MATIC)

The analyst is also keeping tabs on Polygon, another coin that saw a massive run in 2021 but has faced increased pressure since the broader market correction started in December.

Van de Poppe says MATIC has the potential for another bullish break if prices flip above a key resistance zone at $2.15-$2.20.

ENJ and WOO also look decent.

As for Enjin Coin (ENJ), the crypto strategist notes that the extended correction has bulls looking at two critical support levels. The first is around $2.20 and the second one could be at the $1.90 area.

He notes that if prices hold above the two anchors, it’s possible for ENJ to see fresh upside momentum.

He says that ENJ has ‘t wo massive areas of support,’ zones at which he would ‘personally want to be seeking for longs .”

Next up is WOO, the native token on the Woo Network. According to van de Poppe, the token’s value is likely to explode if it breaks against Bitcoin. Currently, the WOO/BTC pair is priced at 0.00002214 BTC, with the altcoin 2.4% down against the top crypto in the past 24 hours.

Verasity (VRA) could soon rise to 6800 sats.

But the trader points out that the coin has tested a key supply zone multiple times and the potential for a bullish continuation is there if buyers keep hitting higher lows.

The other altcoin on the analyst’s list of potential outperformers in 2022 is Verasity (VRA). The price of the token is down nearly 25% in the past 7 days, which the analyst notes. The VRA/BTC pair is trading around 6300 sats as of writing, above the support zone at 5335-5800 sats.

Van de Poppe says VRA could see a fresh bull wave if it breaks higher above the main resistance around 6800 satoshis.

📌 #Shorts #HotCoinNews #cryptonews #bitcoinnews #cryptocurrency #bitcoin #crypto #blockchain #coin #news #btc #ethereum #fintech #money #mining #ico #eth #news

✅Crypto strategist outlines 2022 bullish scenarios for Polygon, Fantom and Enjin Coin⏩

source

Mila

Mila doesn’t only cover Blockchain and crypto, but she does focus the bulk of her writing efforts on this emerging technology and how it is impacting not just US markets, but global markets too. From the British Virgin Islands to China, her reporting leaves no global crypto stone unturned. Her tenacity and candid opinions on the impacts of crypto and Blockchain have made her a leading voice in the industry and a top source of truth to the curious masses.

Leave a Reply

Your email address will not be published.

Back to top button