The global crypto space has seen a terrible bloodbath over the past couple of days with approximately a loss of more than $400 billion. As top crypto leaders display positive signs of the upward moment, some of the altcoins are eager to trigger the alt-season, consequently.
A crypto analyst Micheal Van De Poppe mentioned some altcoins, where he expects a massive breakout. Notably, as VET, Theta, and Cardano are trading at their crucial resolute phase, he mentioned crucial levels to look out for!
VeChain (VET) :
VeChain (VET) has created a lot of media buzz for its launch of Proof-Of-Authority 2.0 which was accomplished on November 16th. However, the VET price has seen positive growth since the start of Q4 by generating higher lows in each short cycle. It has faced rejection at a multi-month high of $0.1712 on November 11th.
A crypto analyst Micheal Van De Poppe is pretty much convinced with an upcoming bull cycle for the asset. He assumes that the recent accumulation phase around $0.18 is the resemblance of the late 2020 accumulation phase prior to the breakout in early 2021. Hence, he expects the price to surge by over 50% to claim a high of $0.20 in the immediate bull cycle. On the contrary, he highlights important levels for retest around $0.099 in case of bearish dominance.
Theta price has been striving hard to find yet another phase of an impulsive move. Besides, it has been generating subsequent lower lows since the start of June. A crypto analyst Micheal Van De Poppe looks pretty bullish on the asset. His chart indicates the heavy correction of the asset from the past couple of months.
However, the altcoin appears to have broken out at its crucial bottom of $5.47 on Friday. As per the analyst, the Theta price would go parabolic from here to reclaim its ATH of $15.90. The asset has been trading at $7.20 at the press time with an 83% surge in the trading volume round the clock.
Cardano (ADA) :
It’s been a while that Cardano’s (ADA) price has been under a bearish trap. According to analyst Micheal Van De Poppe, ADA price may further dip by 3 to 5% to quick retest the support of $1.473. He expects the asset to dethrone bearish rule from there to go parabolic. The asset would move beyond $2.5 with certain fluctuations on its way, he predicts.
Collectively, as market leaders appear to regain the bullish momentum, the aforementioned altcoins possess the solid potential to bounce higher. However, the assets have shown some positive growth signs in 24 hours, hence these coins would trigger a massive alt-season if they could break their crucial support.