Crypto trader and analyst Michaël van de Poppe is looking at the potential future price action of Cardano (ADA) and five low-cap altcoins.
In a new tweet, the crypto strategist tells his 335,100 followers that he’s keeping a close watch on Cardano. Amid weakness in the broader crypto markets, the smart contract platform continues to flash bullish signals against Bitcoin (ADA/BTC).
“Still showing much strength and in a bull cycle. I’m expecting a bullish continuation towards the next region around 6,200 satoshis (0.000062). This would include further strength on the USD pair, too.”
Source: Van de Poppe/Twitter
At time of writing, ADA/BTC is trading at 0.000046, indicating a potential gain of over 34% if the pair hits the trader’s target next month.
Next up is SXP, the native asset of decentralized finance (DeFi) ecosystem Swipe. According to Van de Poppe, SXP is gearing up for a strong 86% rally before June expires from its current price of $1.94.