https://ift.tt/Wed4JRk And Two Ethereum Rivals Expect Massive Bounces | CryptoGazette

It’s been just revealed that two Ethereum rivals are expecting massive bounces along with Polygon. Check out the latest reports revealed by an important analyst.

It’s been revealed that crypto analyst Michaël van de Poppe is predicting strong rallies for Polygon (MATIC) and Ethereum competitors Polkadot (DOT) and Fantom (FTM).

Van de Poppe said that Ethereum-scaling solution Polygon is due for a bounce after successfully finding support at $1.20.

“Looks like we’ll be testing some higher levels as long as fundamentals remain like they are now. In that case, [a] $2 test might be possible.”

According to the data from CMC, Polkadot is currently trading at $17.54, down over 2% in the last 24 hours.

The analyst is also addressing the open-source smart contract platform Fantom. Van de Poppe predicts a sustained rally for FTM to at least $1.90 after respecting support at $1.25.

“Same view on FTM here which is showing a heavy bounce from support. Expect tests to be happening at $1.90 and possibly $2.25, and then we’ll have to see.”

Crypto markets are resilient

he crypto market managed to bounce back and analyst Nicholas Merten has some important things to say about the subject.

He recently explained that Bitcoin (BTC) and the crypto markets are still flashing signs of bullishness despite ongoing geopolitical tensions.

He said that he’s looking at the price action of the TOTAL chart, which tracks the valuation of the entire crypto markets.

Merten highlighted that the valuation of all crypto assets continues to print bullish higher low setups.

“When we take a look at total market cap, we can see here that since back in January (2021) we’ve been seeing a consistent general range where buyers have come in here on prices, taking them to consider important lows before the rebound back here in July into September, back here in January of 2021 before we spring up here to $65,000.”