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Crypto trader and market analyst Michaël van de Poppe is keeping close tabs on decentralized blockchain platforms Tezos (XTZ), Polkadot (DOT), and Cosmos (ATOM) after SOL’s breakout to a new all-time high.
He tells his 123,000 YouTube subscribers ATOM looks ready to run based on its underlying market structure. “Nice retest off the ($17.47) level, regained everything that it lost in the crash a few days ago, and I think that we’re going to continue moving and we’re going to break the highs through which the next target zone I am looking at for Cosmos is $47.50 and $72.”
As for where ATOM is headed next, Van de Poppe is paying attention to two key price levels. At the time of writing, ATOM is trading at $26.98, according to CoinGecko.
Van de Poppe says that ATOM is trading within a two-year accumulation period against Bitcoin and that he’s looking for a retest of the 0.00051 BTC level ($22.88) after the token began trading in an uptrend against BTC in August. “If I would have to choose a coin that’s going to follow Solana and it has to be a layer-one solution, it’d either be Tezos, Polkadot, or it’s going to be Cosmos, and given the structure, it looks amazing.”
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