Since April 14, Bitcoin is trying to stabilize as the price is hovering between $39,000 and $40,000 level trading just above the support level of $39,500. If Bitcoin prices don’t find a bullish stance and see a bull rally in a few days, most of the altcoins will too follow the king currency.
Meanwhile, a crypto analyst, predicts price action for Cardano (ADA), Cosmos (ATOM), Harmony (ONE), Elrond (EGLD) and SKALE (SKL).
Initially, the crypto analyst, Michael van de Poppe informs his 582,800 Twitter followers that he would be interested in the eighth largest cryptocurrency by market capitalization, Cardano (ADA) only if the ADA price retrieves 0.00002690 BTC ($1.08) level against Bitcoin.
At the time of writing, Cardano is trading at $0.9501 plunging by 0.65% over the last 24hrs.
The next altcoin on the list of the Crypto strategist is Cosmos (ATOM), which is a decentralized network offering developers a tool developed for the interoperability of blockchains.
As per Van de Poppe, Cosmos (ATOM) will grab his attention if at all ATOM falls into the range of around $21.19 price level.
Cosmos is currently changing hands at $24.12 after a downswing of 1.58% over the last 24hrs.
The third asset that has grabbed Michael van de Poppe’s attention is smart contract-enabled scalable blockchain, Harmony (ONE).
The crypto analyst cum trader, Van de Poppe informs his followers that Harmony (ONE) will be in his buy list only if ONE price drops around $0.00000280 BTC ($0.11) price pairing against Bitcoin
ONE is currently reporting at $0.1219 with a drop of 1.83% over the last 24hrs.
Next comes Elrond (EGLD), the utility token of the scalable smart contract-enabled blockchain. The crypto strategist says he would look at EGLD if the price surges above a resistance zone at $199.23 or if the token plunge around $128.04 level
At the time of writing, Elrond is trading at $155.60 with a decrease of 2.70% over the last 24hrs.
The last crypto asset the crypto analyst talks about is SKALE (SKL), where Van de Poppe asserts that the SKL’s price has declined after a bull rally and he would if SKALE price trades between $0.1816 and $0.1852 price range
At the time of writing, SKALE is having a bull run trading at $0.1993 with a surge of 0.25% over the last 24hrs.