Altcoin
Analyst Michaël van de Poppe Predicts Huge Crypto Breakthrough, Says Altcoins Are Preparing for Next Big Rally
Michaël van de Poppe, a widely followed analyst and trader, believes that cryptocurrencies are on the verge of a strong upward surge.
Van de Poppe tells his 721,600 followers on social media platform X that the total cryptocurrency market capitalization (TOTAL) chart is preparing to break out of the latest resistance level at $2.66 trillion.
The trader shares a chart that suggests TOTAL is in a strong uptrend supported by bullish higher and lower setups.
“The total market capitalization of cryptocurrencies is showing a massive and bullish chart.
In two or three months we will reach an all-time high and never go back.
It will be funny.”
Source: Michael van de Poppe/X
At the time of writing, TOTAL’s net worth stands at around $2.41 trillion.
Van de Poppe is also examining the market capitalization of altcoins using the TOTAL3 chart, which tracks the overall valuation of cryptocurrencies excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins.
According to the trader, TOTAL3 is on track to break its crucial resistance area around $800 billion.
“It has been a rough week for several altcoins, however, the altcoin market cap has seen a 4% correction.
The entire correction is over and this is just an accumulation phase before the next big rally above $800 billion occurs.”
Source: Michael van de Poppe/X
At the time of writing, TOTAL3 is trading at $641.572 billion.
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