Coinpedia - Fintech & Cryptocurreny News Media
Headlines

What’s Next for Solana (SOL) & Polygon (MATIC)-Here’s the Fresh Targets!

The crypto markets are rising today-most the tokens have surged by nearly 10%, breaking beyond their respective resistance levels. Altcoins also appear to be in a very strong position currently, displaying the possibility of a bullish breakout soon. However, other altcoins, such as Solana (SOL) and Polygon (MATIC), are seeing slight pullbacks, although Altcoin Sherpa, a well-known expert, remains bullish on SOL and MATIC.Solana (SOL) After the dreadful drop to a single-digit figure due to the exposure to the FTX collapse, SOL’s price rebounded nicely and surged by more than 200% to reach above $26. However, despite the recent drop, the fresh upswing again lifted the price back above $23, where-in the bears are again hindering the progress of the rally. “ Haven’t checked this in a while; looks like it’s still consolidating. If it breaks $27 then I think $38 is possible, will take $BTC being healthy for this to happen though. Still think this network will survive but I think there are better opportunities for now,”Polygon (MATIC) Polygon’s price, on the other hand, has been trading within a rising parallel channel and attempting to break above the resistance. The bearish influence is hindering the price rise, presently, so a minor pullback below $1.35 may be expected in the next few hours.However, the bulls are expected to maintain their strength at these levels, which may spark a fine rebound to reclaim the lost levels. Eventually, the MATIC price may rise by $.5.5 in the next few days. “This one goes to $1.70 if it breaks $1.30. It’s noticeably lagged behind other altcoins; the key reason is that it was moving while the rest of the market was shit. Looking solid now though,”

Related posts

Flasko (FLSK) predicted by top analyst to rise 4,000% in 2022 over Dogecoin (DOGE) and VeChain (VET)

EdaFace Admin

Despite Bitcoin’s (BTC) recent drop below $27K, DigiToads (TOADS) presale breaks records with more than $3.5 millions raised

EdaFace Admin

Bank of Central African States Urged to Introduce Common Digital Currency: Report

EdaFace Admin

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More