Cryptocurrency’s market capitalization is steadily expanding. Despite the fact that it had ups and downs in its performance in 2021. Numerous Cryptocurrencies, Tokens, and Altcoins have entered the crypto world and have garnered significant value, even surpassing Bitcoin and Ethereum.
Bitcoin, the world’s largest cryptocurrency, is up over 1% today. Today, a number of other cryptocurrencies were trading in the green. XRP was trading 0.37 percent higher at $0.84, with Ethereum down by 0.77 percent at $3,745.
Michaal van de Poppe is charting the price of Algorand (ALGO), The Sandbox (SAND), Chainlink (LINK), Curve DAO Token (CRV), and Swipe (SXP).
Algorand ( ALGO)
The crypto expert informs his 158,000 YouTube subscribers in a new video that Algorand is entering a time where traders should preferably position their money at bottom price levels to take advantage of swing trading chances.
Algorand’s cryptocurrency is presently ranked 19 in terms of market capitalization. It is now trading at $1.69. The analyst prefers to see Algorand break through the entire block that we have here at $1.75, according to him. He claims that if that one breaks, the markets will surely continue, as they are currently meeting opposition.
For a nice bounce, he says one can see that we’re now up about 30% to 35%, and if it can break through this one, the next resistance point we can go after is around $2.10 to $2.25.”
SAND, according to Van de Poppe, is a solid day trade opportunity at the $5.25 retest level. If the $5.10 area is lost, he predicts a re-test at $3.95 or possibly $3. The analyst also points out potential entry positions for CRV, which is currently trading at approximately $6 and is experiencing resistance.
He’d be looking at $4.50 as an entry point, and if we break above $6.10, He thinks one should buy that flip as well, aiming for $8 or even $10.
Chainlink ( LINK)
Traders might start constructing positions in Chainlink between $13.86 and $16.71, he suggests. Breaking through $23.50 is a crucial break for this one. If that one fails, the next test will be $35, and he says that it will almost certainly be on our way to a new rising trend.
Swipe, according to van de Poppe, has to break over a major resistance level at roughly $2.20.
“If that one breaks, you know that you could be looking at a potential level to flip where you can start building your positions, but when you’re looking at the structure in this case, I think you clearly want to wait until we get a re-test happening around $1.70.”