The worldwide cryptocurrency trade capitalization was hovering at $1.28 trillion, up nearly 3% in the past 24 hours. The entire cryptocurrency trade value, however, increased by around 1% to $82.39 billion at the end.
STEPN (GMT) could witness a tremendous rebound if Bitcoin (BTC) can sustain the $28,400 support zone, according to popular crypto strategist Michael van de Poppe.
GMT might soon soar 47 percent to $1.80, according to the crypto analyst, who has 602,000 Followers on Twitter.
“Might be a play on GMT if BTC holds a $28,400 range.”
Now at the time of posting, STEPN Price was trading at $1.38. Staying with Bitcoin, Van de Poppe believes that if the $29,400 level can be turned from resistance to support, hardly anything will halt Bitcoin from hitting $32,800.
“Still watching this on Bitcoin in which my area is the one at $28,400 (marked a few days ago). Rejected at $29,400 as well, so will see how lower ranges are going to react. Flip of $29,400 is a trigger towards $32,800 already.”
At the time of posting, Bitcoin was trading for $30,362. Van de Poppe believes that the cryptocurrency markets are about to burst. He points to a chart of Chiliz (CHZ), claiming that the sports-themed digital coin is prepared to gain 20-35 percent.
“Good breakout on some altcoins, resulting in some [Support/resistance] flips that could be traded. This one on CHZ as well. Might result in a 20-35% run.”