Crypto trader Michaël van de Poppe tells his 165,000 YouTube subscribers that decentralized oracle network Chainlink could soar to $11 after the altcoin successfully turned the $7 price area into a key support level.
“Chainlink has been doing great. We have been getting that flip as well, which we were targeting for potential long zones. The best opportunity I was also looking at is $7.60 for a potential trade here, but we got it at $7.35, beautiful support/resistance flip-inducing continuation so we are at the range high at this point. This makes me believe that we’re going to have a big breakout on Chainlink resulting in the run towards $11.”
At time of writing, LINK is trading at $8.73, up nearly 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 says DOGE can reverse its trend if it manages to take out a key level.
“If we reject around $0.127 again, you’re looking for longs around the area of $0.105 to $0.11 and then you can start playing this bounce for approximately 15%. If we do have a break around the upside although, if we break $0.13 cents for instance, then we can start targeting the range highs [$0.16] again.”
At time of writing, DOGE is switching hands at $0.12, up over 6% in the last 24 hours.
Next, Van de Poppe weighs in on MATIC, warning bulls that the red-hot altcoin has hit his price target of $1.30 and is now likely to correct to $1.00.
At time of writing, MATIC is changing hands at $1.21, still up nearly 20% on the day.
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