Van de Poppe sees a $0.50 price target for CRWD token

Analist Michaël van de Poppe sees a potentially attractive entry opportunity in CRWD, a token on the Ethereum blockchain. Based on a technical analysis, he expects a breakout after a longer period of price compression. His first price target is $0.50, with an entry zone around $0.31.

In short:

• Van de Poppe signals strong price compression in CRWD and expects a breakout.
• He is looking for buy positions around $0.31 if the price falls further.
• His first price target is $0.50.

Compression on the chart

Van de Poppe points to a striking pattern in CRWD’s chart. The price is increasingly converging into a narrowing area, a pattern that technical analysts generally see as a prelude to a larger move.

According to Van de Poppe, that movement is likely to be upwards. He indicates that he would rather take long positions than speculate on further declines.

Entry zone around $0.31

If the price of CRWD falls further first, Van de Poppe sees the zone around $0.31 as an attractive entry point. On the chart, this zone is visible as a support area marked in green.

His first price target in the event of an upward breakout is $0.50. That would represent a rise of more than 60% compared with the current level. The analysis is a personal expectation of Van de Poppe and not investment advice. Anyone interested in broader developments around the Ethereum network can also keep an eye on the upcoming Glamsterdam upgrade.