The crypto market is flashing bullish signs again, reclaiming the $1 trillion value. Crypto traders and investors are carefully observing how different coins perform to predict their future behavior.
Crypto trading expert Michael van de Poppe has drawn a conclusion that these digital assets are ready for another 100-200% run from where they stand right now, as he explained in his tweet on July 28.
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“Altcoins are ready to run another 100-200% from here.”
AVAX Price Analysis
For example, van de Poppe used Avalanche’s AVAX token chart and showed how it broke above its 50-day moving average earlier this year. He highlighted that the “retest confirms buying pressure.”
The trading expert noticed that there are accelerating price movements above $26 with all previous highs, and he also noted a 1D bullish divergence to build on. This indicates a possible target range between $37-$41.
Crypto Community Bullish On Altcoins And Bitcoin
The Cardano (ADA) token is expected to trade at an average price of $0.711 by the end of August, a 56.20% increase from its July 27 value on CoinMarketCap as the network awaits the Vasil hard fork.
The community has predicted that VeChain’s native VET token will surge by as much as 107.66% and end up trading at $0.0486, possibly due to increased adoption earlier.
The community is bullish on Bitcoin’s (BTC) near future, predicting it will breach the key psychological level of $30,000 and trade at an average price around$32,493 by August 31st when these estimates were retrieved. This would be a 51.37% increase from where we stand now.
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