No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Recently, a crypto analyst who continues to grow his following with exacting Bitcoin and altcoin calls speaks to the owners of Dogecoin (DOGE) and Polygon (MATIC).
Anonymous analyst Capo tells his 647,500 Twitter followers that the leading meme token DOGE is likely to lose almost 90% of its value after turning $0.15 support into resistance.
Capo shares a chart showing that DOGE will not offer higher timeframe support until the coin reaches its target of $0.01.
“Doge”
As of this writing, DOGE is trading at $0.09, up nearly 10% for the day.
Crypto strategists are also keeping an eye on the price dynamics of blockchain scaling solution Polygon. According to Capo, MATIC is 68.75% likely to collapse after he considers the $1.24 resistance.
Capo shares a chart showing no support for the higher timeframes until MATIC plummets to $0.30.
“Matic”
At the time of writing, MATIC is trading at $0.96, down more than 5% in the last 24 hours.
Another coin that traders are keeping an eye on is the Huobi Token (HT), a utility asset of cryptocurrency exchange Huobi. According to Capo, HT’s chart looks bearish after breaking below the diagonal support and converting the horizontal support at $10 to resistance.
“HT chart looks ugly.”
Looking at the analyst’s chart, he expects HT to plunge to $0.88. As of this writing, HT is worth $4.49 and he’s down nearly 15% for the day.
When it comes to crypto markets in general, Capo To tell He expects a brutal surrender phase in which altcoins lose 40% to 50% of their value on average. He also says that another Bitcoin (BTC) drop is imminent.
“$14,000 [BTC] sooner than you think.
Bitcoin is trading at $16,762 at the time of writing.
Don’t miss a beat subscribe to get encrypted email alerts delivered straight to your inbox
Price action confirmation
Please follow us twitter, Facebook When telegram
Surf The Daily Hodl Mix
 
Featured Image: Shutterstock/Almjadidi
