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Top Crypto Strategist Warns Dogecoin and Polygon Holders, Says DOGE and MATIC Could Witness Drastic Corrections

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 possible lose almost 90% of its worth after flipping help at $0.15 into resistance.

Capo shares a chart displaying that DOGE has no excessive timeframe help till the coin reaches his goal at $0.01.

“DOGE.”

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Supply: Capo/Twitter

At time of writing, DOGE is buying and selling at $0.09, up almost 10% on the day.

The crypto strategist can also be watching the worth motion of blockchain scaling answer Polygon. In response to Capo, MATIC is probably going poised for a 68.75% collapse after respecting resistance at $1.24.

Capo shares a chart displaying that MATIC has no excessive timeframe help till it plunges to $0.30.

“MATIC.”

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Supply: Capo/Twitter

At time of writing, MATIC is altering arms 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 change Huobi. In response to Capo, HT’s chart seems bearish after breaking beneath its diagonal help and changing horizontal help at $10 into resistance.

“The HT chart seems ugly af.”

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Supply: Capo/Twitter

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 almost 15% on the day.

As for the crypto markets basically, Capo says he expects a brutal capitulation section 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] prior to you suppose.”

Bitcoin is swapping arms for $16,762 at time of writing.

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Disclaimer: Opinions expressed at The Every day Hodl should not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please observe that The Every day Hodl participates in online marketing.

Featured Picture: Shutterstock/Almujaddidi



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