A crypto analyst who continues to construct a following with correct Bitcoin and altcoin calls as of late is addressing holders of Dogecoin (DOGE) and Polygon (MATIC).
Pseudonymous analyst Capo tells his 647,500 Twitter followers that main meme token DOGE will probably lose practically 90% of its worth after flipping help at $0.15 into resistance.
Capo shares a chart exhibiting that DOGE has no excessive timeframe help till the coin reaches his goal at $0.01.
“DOGE.”
At time of writing, DOGE is buying and selling at $0.09, up practically 10% on the day.
The crypto strategist can be watching the value motion of blockchain scaling resolution Polygon. In accordance with Capo, MATIC is probably going poised for a 68.75% collapse after respecting resistance at $1.24.
Capo shares a chart exhibiting that MATIC has no excessive timeframe help till it plunges to $0.30.
“MATIC.”
At time of writing, MATIC is altering palms for $0.96, down over 5% within the final 24 hours.
One other coin on the dealer’s radar is Huobi Token (HT), the utility asset of crypto trade Huobi. In accordance with Capo, HT’s chart seems bearish after breaking under its diagonal help and changing horizontal help at $10 into resistance.
“The HT chart seems ugly af.”
Trying on the analyst’s chart, he predicts that HT will nosedive to $0.88. At time of writing, HT is valued at $4.49, down practically 15% on the day.
As for the crypto markets typically, Capo says he expects a brutal capitulation part the place altcoins lose 40% to 50% of their worth on common. He additionally says that one other leg down for Bitcoin (BTC) is imminent.
“$14,000 [BTC] ahead of you suppose.”
Bitcoin is swapping palms for $16,762 at time of writing.
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