Michal van de Poppe: Polygon (MATIC) & 2 Ethereum rivals bounces

Feb 28, 2022

Polkadot & Fantom

Popular crypto analyst Michaël van de Poppe is predicting strong rallies for Polygon (MATIC) and Ethereum competitors Polkadot (DOT) and Fantom (FTM).

MATIC is exchanging hands at $1.44.

Ethereum-scaling solution Polygon is due for a bounce after successfully finding support at $1.20.

“Looks like we’ll be testing some higher levels as long as fundamentals remain like they are now. In that case, [a] $2 test might be possible.”

Another coin on the trader’s list is interoperable blockchain Polkadot (DOT). According to Van de Poppe, DOT could pull off a 55% rally and tap resistance at $27.04.

“Expecting this one to continue running here towards $27 as well, as long as everything remains normal.”

Next up is open-source smart contract platform Fantom. Van de Poppe predicts a sustained rally for FTM to at least $1.90 after respecting support at $1.25.

“Same view on FTM here which is showing a heavy bounce from support. Expect tests to be happening at $1.90 and possibly $2.25, and then we’ll have to see.”

Fantom is trading $1.57, down nearly 10% in the last 24 hours.