Bomb claims for 3 little known altcoins from famous analyst

Sharing technical analysis and price evaluations on the crypto money market, the analyst drew attention to 3 little-known altcoins.

Experienced analyst Michael van de Poppe evaluated little-known altcoins such as Zilliqa (ZIL), TomoChain (TOMO), and Swipe (SXP) in his Twitter posts on January 27-28.

Analyzing the possible rise and fall of the currencies, Poppe explained the support and resistance points.

The “bottom buy opportunity” for TomoChain

Daily chart of TOMO / USDT pair. Source: Twitter/TradingView

Posted on January 28 tweetIn, Poppe pointed out two critical levels. He pointed to the gap between $ 1.05 and $ 0.88 for the “opportunity to buy at the bottom” in the price of TOMO, which found buyers at $ 1.1788 during the sharing.

As reported by Cointelegraph, there will be a halving on the Tomochain (TOMO) network on February 7. The number of TOMO coins issued each year will be reduced from 2 million to 1 million.

Defending the support of $ 0.6409 in the first days of 2021, TOMO followed a sharp upward trend and moved up to $ 1.5.

The analyst commented on the “buying opportunity”, emphasizing the possibility of a decline to the $ 1.05 to $ 0.88 range if the price downside continues.

The road to $ 3 at the swipe price

Daily chart of SXP / USDT pair. Source: Twitter/TradingView

The analyst, known as Crypto Michael on Twitter, also posted for another lesser known altcoin Swipe (SXP).

In the analyst’s opinion, the range of $ 1.15 and $ 1.2 is critical for SXP price, which is likely to enter an uptrend.

Calling investors to “be patient”, Poppe said he believes that the $ 0.804 level, working twice as support, could be the bounce ramp to start the uptrend.

Poppe emphasized that if the Swiper price breaks the $ 1.21 threshold, it will target $ 2.19 and then 3.07.

An accelerated rise forecast for Zilliqa

Daily chart of ZIL / USDT pair. Source: Twitter/TradingView

Stating that the Zilliqa price, which was in balance in the second half of 2020, started to recover as of 2021, Poppe drew attention to the support of $ 0.48 in the short term.

After the big price decline in 2018, the $ 0.48 level, which worked as a resistance, brought up the possibility of turning into support.

According to the analyst’s argument, if the Zilliqa price manages to break the 0.877 resistance, it could reach $ 0.16 or even an all-time high later.

The opinions and comments expressed here are only to the author belongs. It may not reflect Cointelegraph’s views. Every investment and trading move involves risk. When making your decision, you should do your own research.

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