Is Cardano correlated with this altcoin? Analyst Justin Bennett appears at Beneath-the-Radar ADA Connection – The Each day Hodl

Crypto analyst Justin Bennett says he sees a close correlation between Cardano (ADA) and an altcoin under the radar.

The closely-followed analyst tells his 65,000 followers that movements in Cardano for some time have usually been followed by similar price promotions on the enterprise blockchain platform VeChain (VET).

“Nothing against $ ADA, but at some point we’ll see capital flow from ADA into $ VET.

This is how it works from day one. No reason to think differently. “

Source: Justin Bennett / Twitter

At the time of writing, VET has increased about 11.8% since Bennett tweeted the graph above, and 58% in the last 30 days, according to CoinGecko. Bennett says crypto investors can expect VeChain to stay strong versus Cardano in the coming weeks.

“And just like that, $ VET rolls up and $ ADA rolls up like clockwork.

Expect vocational training to outperform in the next few weeks. “

imageSource: Justin Bennett / Twitter

Aside from professional education, the analyst also has his eye on the leading meme Crypto Dogecoin (DOGE). Bennett names four main reasons he remains optimistic about DOGE.

“Why am I optimistic about $ DOGE?

• Higher highs / lows since July
• Connection patterns for working
• Delete the cancellation point
• Extremely favorable risk / return

That doesn’t mean trading works, but that’s the kind of tech I’m looking for. “

imageSource: Justin Bennett / Twitter

The technical analyst says DOGE appears to have broken out of a small downtrend and is poised to move higher, possibly to $ 0.40 or a rally of around 40%.

“The $ DOGE breakout from the smaller trendline was confirmed on the 4-hour chart.

Long from yesterday. Looking for a close above 0.30 for a move to 0.35 and possibly 0.40. “

imageSource: Justin Bennett / Twitter

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Featured image: Shutterstock / Mia Stendal


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