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A crypto analyst predicts a rise in Ethereum (ethereum) based altcoin Chainlink (Link) while updating Dogecoin predictions (Doge) and ETH scaling solution Polygon (matic).
Crypto trader Michael van de Poppe tells his 165,000 YouTube subscribers that decentralized oracle network Chainlink will hit $11 after altcoins successfully move the $7 price range to critical support levels He said it could go up.
Chainlink is doing well. We are also getting that reversal that was targeting the potential long zone. Got it for the bucks it’s a continuation inducing a beautiful support/resistance reversal so we’re in the high range at this point. I believe it will get closer to the dollar.”
At the time of writing, LINK is trading at $8.73, up nearly 11% for the day.
Van de Poppe has set his sights on Dogecoin, saying that the current trend for meme tokens is on the decline after last week’s big rally. However, traders say that if DOGE manages to pull out a significant level, it can reverse the trend.
If we reject again around $0.127, then we are looking long around $0.105 to $0.11 and we can start this bounce around 15%. But if we break near the top, say 0.13 cents. can start targeting the high end of the range. [$0.16] Also. “
As of this writing, DOGE is up over 6% in the last 24 hours and is trading at $0.12.
Van de Poppe then turned his attention to MATIC, warning the bulls that the blazing altcoin has reached the $1.30 price target and is likely to correct to $1.00 now.
At the time of writing, MATIC is trading at $1.21 and still up nearly 20%.
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