Michaël van de Poppe: $W to Extend Gains After Pullback
Michaël van de Poppe states he remains pleased with $W price action in the Solana ecosystem and expects further upside over coming months while advising investors to wait for a correction before adding exposure.
SourceAnalysis
Michaël van de Poppe expressed satisfaction with the ongoing moves in $W, his chosen allocation inside the #Solana ecosystem, and forecast continued upward momentum across the next several months.
He explicitly cautioned against buying at current levels and recommended waiting for a correction first.
Price currently tests upper Bollinger resistance at $0.03 with RSI(14) at 82.19 flashing overbought, so a healthy retracement toward the EMA50 support at $0.02 looks probable before the next leg higher, while the MACD golden cross and distant EMA200 at $0.01 keep the broader bullish structure intact.
Michaël van de Poppe
@CryptoMichNLMacro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast