In a new analytic video for his 200,000 YouTube subscribers, Pizzino said he expects interoperable blockchain Polkadot to continue surging to around $50 after a brief cooldown period.
“One, we want to see consolidation for the move up or two, back [to $28], consolidate, and then the move up. They’re the options that I’m looking for a positive outcome for a DOT trade,” he said.
“If we get the correction lower into previous zones[$45], then it just means that we’re going to need more time in a consolidation period before we can take off again,” Pizzino noted. “You want to see the consolidation before the next move. Get in on that breakout. That is a stronger-looking cryptocurrency.”
Furthermore, the crypto strategist highlighted Cosmos (ATOM), an ecosystem of scalable and interoperable blockchains. According to Pizzino, he foresees ATOM trade between $30 and $37 before resuming its price expansion.
“If we get that nice consolidation, give us some rest period, then we take off again. We’re looking sweet. That’s exactly what we want to see,” he added.
Finally, Pizzino noted automated market maker SushiSwap (SUSHI). The trader says SUSHI must stay above crucial levels to sustain its uptrend.
“This is in a reasonable setup, provided we hold these levels, so around $14. Of course, I don’t want to see it go lower than $12, and at the very worst, this level here, which is at about $9.50 because that is your higher lows… If the lows start to breakdown, then that is considered a downtrend,” he said.
As stated earlier, Polkadot and Ethereum are entering the final stretch of the race for blockchain supremacy. They use a comparable architecture on the technical level and proof-of-stake consensus to achieve scalability. Vitalik Buterin and Dr. Gavin Wood also have a shared history in Ethereum.