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BCH $618.78 (-1.9%)
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Altcoins Rising: ADA and VET Show Similar Bullish Pattern

Altcoins Rising ADA and VET Show Similar Bullish Pattern
  • Trader tweets about good signals in altcoins.
  • Cardano and VeChain are showing similar patterns.
  • Both assets could see gains very soon.

Bitcoin is leading the charge during this mid-year crypto market recovery. Similarly, altcoins are also showing bullish trends. While most altcoins are on the rise, some may seem stagnant, while others could be explosive.

Michael Van De Poppe, a full-time trader, tweets about the ongoing ‘good signals’ coming off from two altcoins in particular. Specifically, these altcoins are Cardano (ADA) and VeChain (VET). To note, both cryptos are presently showing bullish signals.

At the time of writing, the price of Cardano is at $1.33 and is up by 3.0%. In the same light, the price of VeChain is at $0.085 and is up by 1.3%. According to CoinGecko, both coins have been on the rise since July 21, 2021.

To elaborate, the trader posted two tweets on his Twitter account. On August 3, he spoke of Cardano. Accompanying the tweet was Cardano’s price chart for the year. The trader uses this chart to say that Cardano is bouncing from the next area of support.

In particular, he says that while the trend is downwards, a breakout of this trend is possible with a flip in 3500 sats for support. Overall, he says that this is a good sign for all altcoins in the market.

Following this initial tweet, came another tweet, early the next day. This one was for VeChain, it also came with a chart. This one is depicting the VET price for the year. The trader says that VeChain is following the same path as Cardano.  

Both tweets were received with a warm reception as both the altcoins have a popular and loyal user base. Hodlers of both altcoins are looking forward to the future to see the technologies and their cryptos boom.

In fact, many analysts believe that both Cardano and VeChain are among some of the most popular altcoins that show great potential. To highlight, another analyst states that Cardano could hit 500 billion in market cap.

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