Recently, the rising sentiment in the crypto money market has been increasing day by day, and analysts share the cryptocurrencies they expect to increase with their followers. Capo, one of the popular analysts of the market, also states that Polkadot (DOT) and a low-volume cryptocurrency are ready for a new increase.
Polkadot Price Prospect
The investor, known in the industry as Capo, tells his 201,300 Twitter followers that interoperable blockchain Polkadot is poised to rally after turning the $46 resistance into support, adding “$100 is coming.” uses expressions.
The crypto strategist makes this prediction based on Elliott Wave theory, a technical analysis approach that predicts future price action by following crowd psychology, which tends to manifest in waves. Looking at Capo's chart, Polkadot appears to be in the middle of the third-wave rally, which is the longest in the theory's five-wave uptrend.
Fetch.ai Could Take a Big Leap
Capo is also closely following the decentralized machine learning platform Fetch.ai (FET). According to the crypto strategist, FET looks set to recover after retesting $0.84 as support.
In addition, according to the analyst, Bitcoin is also ready for a new rise and has seen the bottom point with the move it has made in the past days.
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should perform their transactions in line with their own research.