Popular crypto analyst and technical trader Michaël van de Poppe recommended two altcoins while also saying bitcoin could make a run to $11,400 after building momentum at its current price.
In a trading session published to YouTube September 24, the analyst highlighted altcoins Curve Token (CRV) and Swipe (SXP) as two projects that could enter a bull-run in the near term.
CRV, which serves as the governance token for decentralized finance (DeFi) platform Curve, was first launched in mid-August at a trading price of $12. Since then, the altcoin has fallen to $1.02, which Van de Poppe says is potentially undervalued and could be in for a rebound to above $2.20.
Van de Poppe also pointed to Swipe’s SXP token, which powers the network’s wallet application. SXP previously hit an all-time high of $5.00 amidst the DeFi craze last month, before falling to $1.30. The technical analyst predicted the token would trade sideways in the near-term before making a break above $3.00
Van de Poppe also noted on Twitter that bitcoin is building momentum around its current price point of $10,700. According to the trader, BTC will likely continue to test the present price range before jumping to $11,400 or higher, depending on whether the U.S. Dollar slows in growth.
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