A popular crypto analyst believes that September will be a good month for a handful of altcoins including Cardano (ADA) and XRP.
Michaël van de Poppe tells his 624,800 Twitter followers that the much-anticipated update for Cardano could be the catalyst that propels ADA to a level not seen since February this year.
“Cardano has the hard fork coming up and has a beautiful retest of support, confirming a double bottom. Targets: $0.55 and $0.75.”
At time of writing, ADA is changing hands for $0.50, up 2.40% in the past day.
Next up is XRP, which Van de Poppe says looks ripe for a breakout against Bitcoin (XRP/BTC).
“Squeeze between 50-day moving average and 200-day moving average. Break above 0.000017 BTC ($0.34) and target at 0.000022 BTC ($0.44) seems likely.”
At time of writing, the XRP/BTC pair is swapping hands for 0.0000166 BTC ($0.33).
Another coin on the trader’s list is smart contract protocol EOS (EOS). According to Van de Poppe, EOS will likely revisit support at $1.35 before...
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