A popular analyst is digging into the charts to update his price targets for a handful of leading crypto assets.
Michaël van de Poppe first tells his 622,600 Twitter followers that he’s keeping a close eye on support levels for scalability and interoperability ecosystem Cosmos (ATOM), which recently gave up gains from the latest leg of an extended rally dating back to mid-June.
“At massive levels of support here, which is reasonable for long entries.
If this one is lost, I’m looking at $8 next.
Holding here = potential trigger towards $18-20 in the coming month.”
At time of writing, Cosmos is down 8.59% over the past 24 hours and priced at $10.83.
Moving on to crypto lending and borrowing protocol Aave (AAVE), the crypto strategist says that in light of the recent marketwide corrective, he sees the altcoin as a candidate for range trading with support at $80 and resistance at $103.
“This one is trending down as the entire market is correcting.
Fake-out above resistance and drop...
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