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Crypto markets appear to have entered a crucial phase in which a small misstep can alleviate the built-up bullish pressure. After facing a slight pullback, cryptos have triggered a small rebound which indicates that the tokens could undergo a recovery phase in several easy installments. Although the entire market appears to be bracing for the next bull run, Polkadot (DOT) and Arbitrum (ARB) are expected to fall 30% before seeing a 50-60% jump.
A very popular analyst, Michael van de Poppe, shares his analysis for them and believes that a small rejection could be around the corner for the two popular cryptos. On Polkadot, Poppe says DOT price could see another 30-40% pullback, which could provide a huge buying opportunity for traders. However, after reaching the liquidity zone, the price is expected to trigger a strong rebound and eventually reach $15.
“Great weekly candle across the board, including DOT.
There has been a 30-40% correction, which represents huge opportunities in a bull market.
I think we are ready for the next upward impulse, maybe $15 for Polkadot,”
Continuing with Arbitrum, the analyst shares similar price action in the coming days. Although ARB price triggered a strong rebound from crucial support, the possibility of a slight pullback also emerged. The analyst therefore sees a likely entry into the $1.4 to $1.6 zone, or around 18 to 20% below current levels.
“That one worked.
If it gets back to the $1.40 to $1.60 area, that's obviously an entry, but I think we'll continue with layers 2,
This one can probably go up to $3-4.
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