{"id":1131079,"date":"2022-01-11T11:24:24","date_gmt":"2022-01-11T11:24:24","guid":{"rendered":"https:\/\/coinjournal.net\/news\/crypto-strategist-outlines-2022-bullish-scenarios-for-polygon-fantom-and-enjin-coin\/"},"modified":"2022-01-11T11:24:24","modified_gmt":"2022-01-11T11:24:24","slug":"crypto-strategist-outlines-2022-bullish-scenarios-for-polygon-fantom-and-enjin-coin","status":"publish","type":"station","link":"https:\/\/platodata.io\/plato-data\/crypto-strategist-outlines-2022-bullish-scenarios-for-polygon-fantom-and-enjin-coin\/","title":{"rendered":"Crypto strategist outlines 2022 bullish scenarios for Polygon, Fantom and Enjin Coin"},"content":{"rendered":"<p> <img decoding=\"async\" width=\"1000\" height=\"667\" src=\"https:\/\/wordpress-1016567-4521551.cloudwaysapps.com\/wp-content\/uploads\/2022\/01\/crypto-strategist-outlines-2022-bullish-scenarios-for-polygon-fantom-and-enjin-coin.jpg\" class=\"feed-image wp-post-image\" alt=\"\" loading=\"lazy\" \/><\/p>\n<p><em><strong>Cryptocurrencies continue to face downward pressure as sentiment across the equity market also weighs on crypto assets.<\/strong><\/em><\/p>\n<p>Popular crypto analyst and trader Michael van de Poppe has <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1480136014920306688\" rel=\"noopener noreferrer\" target=\"_blank\">highlighted<\/a> the next possible moves for several altcoins, including Polygon (MATIC), Fantom (FTM), and Enjin Coin (ENJ).<\/p>\n<p>The analyst also highlights the technical outlook for two other altcoins- Woo Network (WOO) and Verasity (VRA).<\/p>\n<p>Van de Poppe also believes flagship cryptocurrency Bitcoin could see a decent bounce and break to the $46,000 price level. This follows the cryptocurrency&#8217;s flip above $40k after a brief dip to lows of $39,600 on Monday.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Fakeout on the downside for <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a>. If $40.6K holds, continuation upwards to $42.6K and potentially $46K is on the tables. <a href=\"https:\/\/t.co\/l8rACrtbhC\">pic.twitter.com\/l8rACrtbhC<\/a><\/p>\n<p>&mdash; Micha&euml;l van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1480632972021747719?ref_src=twsrc%5Etfw\">January 10, 2022<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><u><a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1480632972021747719\"><\/a><\/u><a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1480632972021747719\"><\/a><\/p>\n<h2>Fantom (FTM) is one to watch<\/h2>\n<p>Turning to the altcoins, the analyst says that Fantom price could see another run, off major support levels. He looks at the FTM\/BTC pair as indicative of the bullish resilience, noting that 0.0005 BTC makes a good entry point for the coin.<\/p>\n<p>Michael van de Poppe believes FTM, alongside Cosmos (ATOM) and Chainlink (LINK), are some of the altcoins that have shown great strength recently. He says if Bitcoin price &ldquo;settles&rdquo;, then FTM would be one of those altcoins to watch.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Once <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> is done and settles down for a bit, you&#8217;d want to jump onto the coins that have been showing strength in the past weeks already.<\/p>\n<p>I&#8217;d consider <a href=\"https:\/\/twitter.com\/search?q=%24FTM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$FTM<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24ATOM&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$ATOM<\/a>, <a href=\"https:\/\/twitter.com\/search?q=%24LINK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$LINK<\/a> as some of the coins that are showing massive strength recently.<\/p>\n<p>&mdash; Micha&euml;l van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1479935949291376645?ref_src=twsrc%5Etfw\">January 8, 2022<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<h2>Polygon (MATIC)<\/h2>\n<p>The analyst is also keeping tabs on Polygon, another coin that saw a massive run in 2021 but has faced increased pressure since the broader market correction started in December.<\/p>\n<p>Van de Poppe says MATIC has the potential for another bullish break if prices flip above a key resistance zone at $2.15-$2.20.<\/p>\n<h2>ENJ and WOO also look decent<\/h2>\n<p>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 one could be at the $1.90 area.<\/p>\n<p>He notes that if prices hold above the two anchors, it&#8217;s possible for ENJ to see fresh upside momentum.<\/p>\n<p>He says that ENJ has &#8220;t<em>wo massive areas of support,&#8221; zones at which he would &#8220;personally want to be seeking for longs<\/em>.&rdquo;<\/p>\n<p>Next up is WOO, the native token on the Woo Network. According to van de Poppe, the token&#8217;s value is likely to explode if it breaks against Bitcoin. Currently, the WOO\/BTC pair is priced at 0.00002214 BTC, with the altcoin 2.4% down against the top crypto in the past 24 hours.<\/p>\n<h2>Verasity (VRA) could soon rise to 6800 sats<\/h2>\n<p>But the trader points out that the coin has tested a key supply zone multiple times and the potential for a bullish continuation is there if buyers keep hitting higher lows.<\/p>\n<p>The other altcoin on the analyst&#8217;s list of potential outperformers in 2022 is Verasity (VRA). The price of the token is down nearly 25% in the past 7 days, which the analyst notes. The VRA\/BTC pair is trading around 6300 sats as of writing, above the support zone at 5335-5800 sats.<\/p>\n<p>Van de Poppe says VRA could see a fresh bull wave if it breaks higher above the main resistance around 6800 satoshis.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Request 01 &ndash; <a href=\"https:\/\/twitter.com\/search?q=%24VRA&amp;src=ctag&amp;ref_src=twsrc%5Etfw\">$VRA<\/a><\/p>\n<p>Still trending south, but there are two important support zones that I&#8217;ll be watching here. <\/p>\n<p>Currently in the first one.<\/p>\n<p>New bull wave could start it if breaks above 6800 sats. <a href=\"https:\/\/t.co\/vPEGEl9YTo\">pic.twitter.com\/vPEGEl9YTo<\/a><\/p>\n<p>&mdash; Micha&euml;l van de Poppe (@CryptoMichNL) <a href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1480202036532682754?ref_src=twsrc%5Etfw\">January 9, 2022<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\/news\/crypto-strategist-outlines-2022-bullish-scenarios-for-polygon-fantom-and-enjin-coin\/\">Crypto strategist outlines 2022 bullish scenarios for Polygon, Fantom and Enjin Coin<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/coinjournal.net\">Coin Journal<\/a>.<\/p>\n<p> <a href=\"https:\/\/coinjournal.net\/news\/crypto-strategist-outlines-2022-bullish-scenarios-for-polygon-fantom-and-enjin-coin\/\">Source: https:\/\/coinjournal.net\/news\/crypto-strategist-outlines-2022-bullish-scenarios-for-polygon-fantom-and-enjin-coin\/<\/a><\/p>\n","protected":false},"author":1,"featured_media":1131080,"template":"","meta":{"_eb_attr":"","type":"","auto_type":false,"post":"","stream":"","stream_url":"","waveform_data":[],"duration":0,"start":0,"end":0,"bpm":0,"downloadable":false,"download_url":"","purchase_title":"","purchase_url":"","post-count-all":0,"like_count":0,"download_count":0,"editor_note":"","copyright":"","captions":[],"sources":[]},"genre":[41],"station_tag":[7018,3758,3629,4262,3630,3631,3632,4521,3718,3683,6189,4591,3634,3995,3685,3686,5745,5759,5760,3638,3640,4000,5670,3641,3767,5593,4402,4741,3772,5011,4491,4311,3732,3849,3650,3953,3653,5689,4196,3805,3654,4385,3911,3959,3658,3739,3659,5080,4660,3742,3663,4454,8593,4105,3665,3921,3812,6339,4985,3714,3668,4226,3669,4126,4036,3750,7039,3673,6068,3676,3782,4631,4632,3677],"artist":[5768],"mood":[],"activity":[],"_links":{"self":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station\/1131079"}],"collection":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station"}],"about":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/types\/station"}],"author":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/users\/1"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media\/1131080"}],"wp:attachment":[{"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/media?parent=1131079"}],"wp:term":[{"taxonomy":"genre","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/genre?post=1131079"},{"taxonomy":"station_tag","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/station_tag?post=1131079"},{"taxonomy":"artist","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/artist?post=1131079"},{"taxonomy":"mood","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/mood?post=1131079"},{"taxonomy":"activity","embeddable":true,"href":"https:\/\/platodata.io\/wp-json\/wp\/v2\/activity?post=1131079"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}