This Altcoin Could Be Gearing Up for a Major Bull Run, Says Analyst
One altcoin appears to be forming a strong base for a potential breakout, drawing attention from market watchers who believe a significant price surge may be on the horizon.
WAVES may be on the verge of a major price reversal, according to crypto analyst Michaël van de Poppe, who points to a long-standing support zone that’s been holding for over a year. In a recent market update, van de Poppe described the current chart as “beautiful” and suggested that a bullish breakout could be near.
According to the analyst, the $1.16 level has acted as a solid support base, with buyers consistently stepping in over the past 12 months. He explained that the key to reversing the current downtrend lies in breaking the descending resistance, something WAVES appears to be attempting.
“Uptrends begin the moment a downtrend is broken,” van de Poppe noted, adding that a breakout could trigger a wave of short liquidations and fuel a significant upward move. He referenced a previous breakout that saw WAVES rally to $2.50, implying that a similar or stronger move could follow in the current cycle.
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As the broader crypto market shows signs of a potential bull run, WAVES may be positioning itself for a comeback. If momentum builds, van de Poppe expects higher price targets in the coming months.
Alex is Editor-in-Chief of Coindoo and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
