Closely-followed crypto analyst Michaël van de Poppe says Ethereum rival Harmony (ONE) looks very bullish as he predicts a new market cycle for Cardano (ADA).
Van de Poppe tells his 560,800 Twitter followers that he sees Harmony, a blockchain focused on powering a decentralized economy, taking out its final resistance area and rallying by as much as 71% from its current price of $0.32.
“Heavily bullish here. Great [resistance to support] flips.
Looking for continuation towards $0.50-$0.55.”
Next up is smart contract Cardano, which Van de Poppe posits may have launched a new market cycle against Bitcoin (ADA/BTC) after losing over 50% of its value in about four months.
“New cycle has started? Looking quite good.”
At time of writing, ADA is trading at 0.000038 BTC ($1.62), up over 46% from its 2022 low of 0.000026 BTC ($1.10).
Another coin on Van de Poppe’s radar is virtual reality platform Decentraland (MANA). According to the crypto strategist, MANA must stay above support at $2.50 to have a shot at sustaining its bullish momentum.
“Crucial area seems to be holding -> bullish continuation?”
Currently, MANA is exchanging hands at $2.91.
The last coin on the list is The Graph (GRT), a platform that indexes and organizes blockchain data. Van de Poppe says GRT must take out its immediate resistance to generate bullish momentum.
“This one needs to break through a crucial level. If that happens, the trend is likely going to reverse.
Crucial area: between $0.625-$0.65.”
At time of writing, GRT is trading at $0.55.
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The post Ethereum Challenger Harmony (ONE) ‘Heavily Bullish’ As Cardano (ADA) Ignites New Market Cycle: Analyst Michaël van de Poppe appeared first on The Daily Hodl.