Scott Melker, a well-known crypto trader and analyst, is forecasting fresh rises for Polygon and two other cryptocurrencies, while claiming that Tezos is ready to take off.
Melker informs his 595,300 Twitter followers that Ethereum scaling solution Polygon (MATIC) is about to rise after breaking above the diagonal barrier that has held the cryptocurrency in a slump for the last month.
Melker's original goal implies a roughly 40% upside potential from MATIC's current price of $1.28.
Serum, a decentralized derivatives exchange, is another currency on the traders' list (SRM). SRM, according to Melker, is following in the footsteps of MATIC and seems to be on track for increases of more than 50%.
“$13 is the SRM target.”
Next up is Kava.io (KAVA), a decentralized cross-chain money market that Melker claims has stopped its market downturn and is poised for a 46 percent increase from its current price of $6.28.
“$9.20 for KAVA Target.”
Tezos (XTZ), a smart contract platform, is one resistance away from printing a new all-time high and entering unknown territory, according to the crypto expert.
“Almost three times from the first entry, and two times from the second entry” (black circles). Flirting with price discovery is just the tip of the iceberg right now. The sky is the limit if you get close to $8.4.”
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