Crypto

Top Crypto Analyst Predicts Big Breakout For Ethereum-Based Altcoin, Updates Outlook On Dogecoin And Polygon CryptoGlobe

Crypto analyst predicts rally for Ethereum (ETH) based on the altcoin Chainlink (LINK) while updating his predictions on Dogecoin (DOGE) and the Polygon ETH scaling solution (MATIC).

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 .

Michael van de Poppe/YouTube

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.”

Michael van de Poppe/YouTube

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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