
Polygon (MATIC) Falls 32% in 2 Months, Critical Support at $0.85
Polygon prices are under pressure despite the growing popularity of the platform. MATIC is currently down 32% from March 2023 highs.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
Polygon prices are under pressure despite the growing popularity of the platform. MATIC is currently down 32% from March 2023 highs.
Bitcoin prices remain under immense selling pressure at spot rates, looking at the performance of the BTC in the daily chart.
Ethereum may be lower but if prices hold above $1,740, ETH may resume the uptrend back towards $2,100 or better in sessions ahead.
Ripple prices are stable when writing after crashing nearly 30% from April 2023 highs. Bulls have a chance provided l XRP is above $0.42.
Bitcoin prices are brittle when writing, down below $27k as bears double down, targeting $25k or lower in the sessions ahead.
Ethereum prices are under pressure and looks likely to drop below the $1,800 support level. This is despite rising ETH staking addresses.
PEPE is trending but the meme coin is down 45% from all-time highs and looks likely to drop even lower in the days ahead.
Bitcoin prices remain bullish but are inside a rising wedge with clear caps at $30k and $31k on the upper end. Support is at $27k.
Ethereum prices are in range between $1,800 and $1,950 in a typically bearish formation following losses from April 19.
Cardano prices are firm but the current ADA cool-off may translate to a bear run should the coin fails to hold above $0.37.
Ads
Follow us on Social Networks
Crypto Tutorials
Crypto Reviews
© Crypto Economy