Pentoshi Warns Not To Sleep on LINK, Predicts ATHs To MATIC & ALGO
According to pseudonymous cryptocurrency analyst and trader, known as Pentoshi, many are sleeping on Chainlink (LINK), which he sees going up soon. He also predicts new all-time highs for two altcoins Polygon (MATIC) and Algorand (ALGO).
Chainlink (LINK)
Pentoshi, shares with his 258K Twitter followers that his charts show that decentralized oracle network Chainlink (LINK) will significantly outperform Bitcoin in the coming weeks.
“I think people are sleeping on LINK. Very little chatter yet massive things going on in front of people’s eyes I won’t be surprised if price is a lot higher in the next 4-6 weeks.”
The trader says that LINK/BTC pair looks ready to take out key resistances on the way to the target level of 0.0011 BTC, worth $52 at time of writing. This would be a climb of nearly 70% from its current value of 0.00065 BTC or $30.7.
Polygon (MATIC)
Pentosahi is also keeping an eye on layer-2 scaling solution Polygon (MATIC), which earlier took out resistance at $1.62, before dropping down along with the rest of the market.
“I don’t think it’s long before price discovery on this. Probably this month or at least [all-time highs]. Likely flags out on this short term and breaks up. I like this chart a lot and has the FA (fundamental analysis) to go with it.”
The second altcoin that Pentoshi sees going to new ATHs is Algorand (ALGO), a cryptocurrency for payments and a blockchain for decentralized finance applications. ALGO is gearing up to break its long-term diagonal resistance to launch a new uptrend, according to the trader.
“Bringing back this oldie Current ALGO chart reminds me of the [original] chart. Looks good on both [USD and BTC] pairs. Above green = repeat of moon and portal gun shot heard around the world.”
Should ALGO follow the trader’s script, the altcoin could be looking at a new all-time high above $2.11, marking an upside of 55% from its current price of $1.36.
