Widely followed crypto trader Michaël van de Poppe says STEPN (GMT) could see a massive rally if Bitcoin (BTC) can maintain the $28,400 support range.
The crypto analyst tells his 602,000 Twitter followers GMT could soon jump approximately 47% to the $1.80 level.
“Might be a play on GMT if BTC holds $28,400 range.”
STEPN is trading for $1.38 at time of writing.
Staying on BTC, Van de Poppe says if Bitcoin can flip the $29,400 level from resistance to support, then nothing is stopping the largest crypto by market cap from reaching $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.”
Bitcoin is trading for $30,362 at time of writing.
Van de Poppe also thinks the altcoin markets are ready to pop. He singles out a chart of Chiliz (CHZ), nothing that the sports-focused social token could be poised to make 20-35% gains.
“Good breakout on some altcoins, resulting into some [Support/resistance] flips that could be traded.
This one on CHZ as well.
Might result into 20-35% run.”
Chiliz is trading for $0.12 at time of writing.
Check Price Action
Don’t Miss a Beat – Subscribe to get crypto email alerts delivered directly to your inbox
Follow us on Twitter, Facebook and Telegram
Surf The Daily Hodl Mix
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
Featured Image: Shutterstock/galacticus/LongQuattro
