Prominent analyst Michaël van de Poppe says these five low-cap altcoins are showing signs of bottoming out.

He told his 352,300 followers that he is considering Skale, a blockchain network that enables developers to create and deploy decentralized chains that are fully compatible with Ethereum.

According to Van de Poppe, Skale is currently consolidating in the Bitcoin (SKL / BTC) pair as it continues to trade above the strong support level of 0.00000629.

“SKL / BTC is still consolidating over the previous rally start zone. This is a strong area of ​​support and it is appropriate to initiate an entry in this area.

SKL / BTC daily chart | Source: Van de Poppe / Twitter

Another coin on Van de Poppe’s watch list is the blockchain scaling solution Polygon (MATIC). He believes he is ready to move up sharply after hitting the critical support at $ 0.97.

“Altcoins are similar to SKL. Above the strong support, it looks like it will bottom out relatively soon and be ready for a rally. Followed by $ 1.35 and $ 1.60. “

MATIC / USDT daily chart | Source: Van de Poppe / Twitter

The third altcoin is the ICON hybrid blockchain platform. Van de Poppe said the altcoin was preparing to hit a higher low in the Bitcoin (ICX / BTC) pair at 0.000025. According to the analyst, higher bottom formation in an uptrend could be the factor pushing the pair to 0.000041, a potential 64% gain.

“That altcoin is still going up, too good.”

ICX / BTC daily chart | Source: Van de Poppe / Twitter

The fourth coin on its list is Fantom, a platform that helps create dApps and solves the network scalability and transaction speed problems of current blockchains. Van de Poppe noted that Fantom has rebounded from strong support at 0.000006 in the Bitcoin (FTM / BTC) pair and the pair now needs to break out of the next resistance area to trigger a rally.

“The pair is sitting over a strong area of ​​support that sparked the previous rally. A break above the resistance around 780 sats (0.0000078) will push this altcoin very high. “

Daily FTM / BTC chart | Source: Van de Poppe / Twitter

The last coin on Van de Poppe’s radar is Zilliqa (ZIL). The analyst said he expected ZIL to hit key support at $ 0.06 again before initiating a 233% rally to its target of $ 0.20.

“The USD pair is consolidating here, like most altcoins on the market. Back to previous rally starting level, 75% less. I think this altcoin is about to bottom out. A break above $ 0.09 will push the price into the $ 0.135 to $ 0.145 zone.

Daily ZIL / USDT chart | Source: Van de Poppe / Twitter

Disclaimer: This article is for informational purposes only, not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.

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