Analyst Predicts Breakouts for Two Altcoins
A well-known crypto strategist believes that two altcoins may be preparing for breakouts as digital asset markets continue to exhibit strength. Pseudonymous analyst Rekt Capital shared with followers on the social media platform X that Ethereum (ETH) competitor Polkadot (DOT) is potentially in the midst of confirming a bullish reversal. DOT is currently trading at $5, up 5.4% in the last 24 hours.
Next, Rekt Capital suggests that the decentralized machine learning network Fetch.ai (FET) may flip a key resistance level into support. FET is currently trading at $0.374, up 6.1% in the last 24 hours.
Finally, Rekt Capital predicts that decentralized oracle provider Chainlink (LINK) will likely dip to around the $11 level at some point to retest its previous resistance line, which he says was recently broken. Chainlink is currently trading for $13.95, up more than 93% in the last 30 days.
Hot Take
The closely followed crypto strategist predicts that Polkadot and Fetch.ai are gearing up for bullish breakouts while Chainlink may experience a pullback after significant rallies.
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