The post What Will Happen to Polkadot (DOT) and Arbitrum (ARB) Prices, Here’s What Michael van de Poppe Says appeared first on Coinpedia Fintech News
The crypto markets appear to have approached a crucial phase of times wherein a small wrong step may ease out the accumulated bullish pressure. After facing a minor pullback, the cryptos have triggered a tiny rebound that indicates the tokens could be following a recovery phase in easy instalments. Although the entire market appears to be preparing for the upcoming bull run, Polkadot (DOT) & Arbitrum (ARB) are expected to back off by 30% before recording a 50% to 60% jump.
A very popular analyst, Michael van de Poppe, shares his analysis for them and believes a small rejection could be fast approaching for both popular cryptos. Taking about Polkadot, Poppe says that the DOT price could face another 30% to 40% pullback, which may offer a huge buying opportunity for traders. However, after hitting the liquidity area, the price is expected to trigger a strong rebound and eventually reach $15.
“Great weekly candle across the board, including DOT.
Had a 30-40% correction, which are massive opportunities within a bull market.
I think we’re ready for the next upward impulse move, perhaps $15 for Polkadot,”
Moving ahead with Arbitrum, the analyst shares a similar price action in the coming days. Although the ARB price triggered a strong rebound from the crucial support, the possibility of a minor pullback has also emerged. Hence, the analyst looks at the probable entry in the $1.4 to $1.6 area, which is around 18% to 20% below the current levels.
“That one worked out.
It it gets back in the $1.40 to $1.60 area, it’s obviously an entry, but I think we’ll continue with the Layer 2’s,
Probably this one can surge to $3-4,”
