Crypto analyst Michaël van de Poppe believes that the low-cap altcoin Kaspa (KAS) is poised for a bullish continuation. Van de Poppe suggests that if the bullish thesis for Kaspa holds true, the cryptocurrency could see a 41% increase in price, reaching a new all-time high of $0.068. However, for this upward trend to continue, Kaspa needs to turn the resistance at the $0.049 level into a support zone. Currently, KAS is trading at $0.0479, reflecting an impressive 788% gain since the beginning of the year. In the event of a bearish turn in the market, Van de Poppe identifies a range of interest between $0.036 – $0.04.
In addition to Kaspa, Van de Poppe also predicts a continued rally for the altcoin RNDR, the native token of the decentralized graphics rendering platform Render Network. The analyst states that if RNDR breaches its immediate resistance, it is likely to experience breakout rallies. Van de Poppe personally expects a bullish continuation for RNDR, with price targets of $2.50-3.00. At present, RNDR is trading at $1.53.
While these predictions are based on technical analysis and market trends, investors are advised to conduct their own due diligence before making any high-risk investments in cryptocurrencies.