Here is an analyst’s outlook for FTM, MATIC and ENJ tokens


Cryptocurrencies continue to come under downward pressure as sentiment in the equity market weighs on crypto assets as well.

Popular crypto analyst and trader Michael van de Poppe has Underline the next possible moves for several altcoins, including Polygon (MATIC), Fantom (FTM) and Enjin Coin (ENJ).

The analyst also highlights the technical outlook for two other altcoins – Woo Network (WOO) and Verasity (VRA).

Van de Poppe also believes that the flagship cryptocurrency Bitcoin could experience a decent rebound and reach the price point of $ 46,000. This follows the cryptocurrency’s reversal above $ 40,000 after a brief dip to $ 39,600 on Monday.

Fantom (FTM) is one to watch

When it comes to altcoins, the analyst says the Fantom price could see another run, outside of major support levels. He views the FTM / BTC pair as an indication of bullish resilience, noting that 0.0005 BTC is a good entry point for the coin.

Michael van de Poppe believes that FTM, alongside Cosmos (ATOM) and Chainlink (LINK), are among the altcoins that have shown great strength recently. He says if the price of Bitcoin “sets in” then FTM would be one of those altcoins to watch out for.

Polygon (MATIC)

The analyst is also keeping an eye on Polygon, another coin that saw a massive run in 2021 but has faced increased pressure since the broader market correction began in December.

Van de Poppe says MATIC has the potential for another bullish breakout if price breaks above a key resistance area at $ 2.15- $ 2.20.

ENJ and WOO also look decent

As for Enjin Coin (ENJ), the crypto strategist notes that the extended correction has bulls looking at two critical support levels. The first is around $ 2.20 and the second could be in the $ 1.90 area.

He notes that if prices hold above the two anchor points, it is possible for ENJ to see new bullish momentum.

He says that ENJ haswo massive support areas “, areas in which he” would personally like to seek for a long time. “

Then, WOO, the native token of the Woo network. According to van de Poppe, the value of the token is likely to explode if it breaks against Bitcoin. Currently, the WOO / BTC pair is priced at 0.00002214 BTC with altcoin being down 2.4% from the best crypto in the past 24 hours.

Truthfulness (VRA) could soon reach 6,800 sats

But the trader points out that the coin has repeatedly tested a key supply area, and the potential for a bullish pursuit exists if buyers continue to hit higher lows.

The other altcoin on the analyst’s list of potential outperformers in 2022 is Verasity (VRA). The price of the token has fallen almost 25% in the past 7 days, the analyst notes. The VRA / BTC pair is trading around 6300 sats at the time of writing, above the support area at 5335-5800 sats.

Van de Poppe says VRA could see another bullish wave if it breaks major resistance around 6800 satoshis.





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