There are all kinds of predictions about important altcoins, including Cardano, AVAX, and more. Check out the latest reports below.
ADA and AVAX price predictions
An important crypto analyst is updating his outlook on several leading altcoins as the markets stumble.
Crypto trader Michaël van de Poppe said not too long ago that Cardano (ADA) is currently meeting resistance.
“ADA Looking strong here, but at resistance. If we crack through, I’m assuming we’ll see $0.67 next, but I’d preferably want to long or seek for longs around $0.48 region.”
ADA is trading for $0.49 at the time of writing.
Van de Poppe says layer-1 protocol Avalanche (AVAX) is facing a resistance similar to the rest of the crypto markets.
“AVAX Still looking at a scenario like this as the entire market is facing resistance at this point (at least a bit overextended). Same goes for AVAX.”
The trader said that the high-throughput blockchain Zilliqa (ZIL) would likely see a dip.
“ZIL This one looking for some dip plays here around $0.0375 or potentially looking at $0.041 for a new possible trade. That could be a trade towards $0.052.”
Not too long ago, Michaël van de Poppe said not too long ago that smart contract platform Cardano must take out its immediate resistance at $0.47 to ignite the next leg up.
“This one is looking ready for continuation as a resistance-to-support flip has been taking place at the $0.46 region. We need to see the same on the $0.47 level and then we’ll be good for acceleration. Targeting $0.55 as the next region.”
FTX chief executive Sam Bankman-Fried is weighing in on the state of crypto after a rocky month in the markets.
In an interview with Real Vision, Raoul Pal that it is possible prices have finally bottomed out, noting that other investment classes have also seen shakeouts recently. Stay tuned for more news.