Crypto trader Michaël van de Poppe tells his 165,000 YouTube subscribers that the decentralized oracle network Chainlink could climb to $11 after the altcoin managed to turn the $7 price zone into a key support level.
“Chainlink is doing well. We also got this reversal, which we were targeting for potential long areas. The best opportunity I was also considering was $7.60 for a potential trade here, but we got it at 7 $.35 a nice continuation inducing a reversal of support/resistance so we are range high at this point This makes me believe we are in for a big breakout on Chainlink which will result in a run towards $11 .
At the time of writing, LINK is trading at $8.73, up almost 11% on the day.
Setting his sights on Dogecoin, Van de Poppe says the meme token’s current trend is down after a massive rally last week. However, the trader claims that DOGE can reverse its trend if it manages to break through a key level.
“If we reject around $0.127 again, you’re looking for longs around $0.105 to $0.11, then you can start playing that bounce for around 15%. If we have a breakout around the upside, if we let’s break 0.13 cents for example, then we can start targeting range highs [$0.16] Again.”
At the time of writing, DOGE is changing hands at $0.12, up over 6% in the last 24 hours.
Next, Van de Poppe steps in on MATIC, warning bulls that the hot altcoin has reached its price target of $1.30 and is now likely to correct to $1.00.
As of this writing, MATIC is changing hands at $1.21, still up nearly 20% on the day.
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