Scott Melker Expects MATIC, SRM And KAVA to Rally, XTZ Ready For New ATH
According to a top cryptocurrency analyst and trader, Scott Melker, Polygon (MATIC), Serum (SRM) and Kava.io (KAVA) are primed to launch rallies. He also says that Tezos (XTZ) is ready for new price discovery once it clears one last resistance level.
The analyst shares with his 597K followers on Twitter that Ethereum scaling solution Polygon (MATIC) is preparing to make a move higher after taking out its diagonal resistance which launched in a downtrend last month.
At the time of writing MATIC trades at $1.30. The trader’s target would be potential rise of close to 40%.
Serum (SRM)
Melker is also keeping a close eye on decentralized derivatives exchange Serum (SRM). The trader says that SRM’s chart looks very similar to MATIC’s and seems ready for potential gains of over 50%.
The third coin on the analyst’s list is decentralized cross-chain money market Kava.io (KAVA). Accoding to Melker KAVA is nearing an end with its market slump, and is preparing for over 40 % jump from its current price of $6.45.
Finally Melker takes a look at smart contract platform Tezos (XTZ). He predicts that XTZ is one resistance away from recording a new all-time high (ATH) and heading into new price discovery.
“Already almost 3x from first entry and a 2X from second entry (black circles). Flirting with price discovery, currently just the tip. Close above $8.4 and sky is the limit.”
