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Myth Analyst: This Unknown Altcoin Could Launch
Crypto analyst Michaël van de Poppe shared bullish expectations for a little-known and low-volume altcoin. The analyst, who is closely followed by the Turkish crypto community, supports the bullish outlook in Selcoin.
Michaël van de Poppe highlights new opportunities in the TRIAS chart
Trias Token (TRIAS) has been at the forefront with the rises it has started, especially in recent days, independent of the market. It currently maintains its momentum and is up over 3.5% on the day.
Looking at the chart, Van de Poppe expects the current price to rise from $3.86 to $4.50. What the analyst particularly noted is that TRIAS is showing signs of strength from the support level marked below in the green area. “There is still bullishness in terms of continuation of the uptrend,” Poppe writes.
According to the analyst, “My game plan for TRIAS would be simple. I expect big bounce from its long term support. This area will be a trigger towards $4.50. There is still bullishness in terms of continuing the uptrend.”
A look at the technical chart suggests a gradual rise to the $4.5 region for the TRIAS in the short term. Poppe's predictions are supported by the bullish movements that the famous Selcoin expects in the altcoin market…
Selcoin draws attention to new opportunities in the altcoin market
Popular Turkish analyst Selcoin noted that with the falling Bitcoin dominance, there has been some influx of funds into the altcoin market. This trend was clearly visible in high-volume coins like XRP, DOGE, and SOL. Selcoin says the bulls should continue this momentum for a while. In part of his analysis, he writes:
Van de Poppe says bottoming BTC will benefit altcoin market
Similar to Selcoin, Van de Poppe says new bottoms below $30,000 will bring influx to the altcoin market in particular. BTC is currently spending time in the $29,300 region. According to Van de Poppe, lower levels will indirectly favor the altcoin market:
Meanwhile, Poppe's short-term BTC price predictions extend to $31,000. The analyst says that BTC can first fall to $ 28,350 for a liquidity test. He thinks that the market maintains its upward momentum in the general picture.
Finally, the US House Financial Services Committee recently passed the “Protect Your Cryptocurrency Act of 2023”. The critical bill aims to protect the right of crypto users to retain custody of their digital assets in self-hosted wallets. As you follow, the US has been very active this week on cryptocurrency regulations.
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