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Here’s The Next Major Target Levels For Ethereum (ETH), Chainlink (LINK), and Polygon (MATIC)

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Crypto Analyst Justin Bennett Maps The Next Major Levels For Three altcoins!

With the market worth just hitting $2 trillion, the cryptocurrency bull market appears to be returning. The rise coincided with a rally in bitcoin and other digital tokens. As crypto market improved for the fourth week, Bitcoin is currently trading around $47.5K and Ether is hovering above $3,200.

Justin Bennett, a cryptocurrency expert, has identified key zones for Ethereum (ETH), Chainlink (LINK), and Polygon (MATIC). 

After passing earlier resistance at $3,190, Bennett believes that Ethereum is trying to continue a breakthrough toward the $3,500-$3,700 range.

Ethereum

A move above $3,700, according to the trader’s chart, might drive Ethereum to $4,377 resistance.

Bennett is also keeping an eye on top oracle project Chainlink. He believes LINK price could be set for a bigger rise higher if it can stay above its immediate barrier at $27.50. 

According to him, the $27.50 area, which is the 50% retracement of the decline, may draw a few sellers. A daily close above $25, on the other hand, should turn the area into support. There isn’t anything keeping LINKUSDT from hitting $35 if it can climb above $27.50.” 

According to CoinMarketCap, Chain Link is currently trading at $27.38.

CoinMarketCap

Layer-2 scaling solution Polygon is the third coin on Bennett’s radar, which is having a big breakout on the day, reaching north of $1.40. 

MATIC is on track to reach his $1.75 target, which served as a vital support area in May before becoming a resistance area in June.

MATIC

A rise above $1.70, might put MATIC in a position to rally to its next resistance level of $2.43.

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Anjali Belgaumkar

Writer by choice, CryptoCurrency Writer, and Researcher by chance. Currently, focusing on financial news and analysis, as well as cryptocurrency news and data. One may not call me a crypto “Enthusiast” but trust me I'm getting there.

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