
Polygon (MATIC) Snaps Back to Bullish Trend, Critical Support at $0.90
Polygon is rapidly reversing losses and is solid at spot rates. As long as MATIC is above $0.90, bulls have a chance in the short term.
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 is rapidly reversing losses and is solid at spot rates. As long as MATIC is above $0.90, bulls have a chance in the short term.
Bitcoin is down 22% from February highs, slicing through February lows with ease as bears target $18k, or lower in coming sessions.
Ethereum is down 12% from February highs and with sellers resilient, ETH could drop to $1.5k and retest the primary support of the bull flag.
Polygon co-founder is confident Ethereum will be the dominant mainnet but this isn’t preventing MATIC from dropping.
Bitcoin is down at spot rates and may post even more losses in the near term as the trend shifts to bearish.
Ethereum remains in an uptrend. However, ETH prices have been consolidating in recent days with support at $1.55k.
Lido Finance is solid at writing. LDO bulls might push prices above $3.3, extending their gains after surging 2.5X from December 2022.
Bitcoin is bullish from a top-down preview. However, bears are flowing back and BTC may slip below $23.5k if sellers press on.
Ethereum prices are down six percent from this week’s high but the general trend remains bullish. Resistance lies at $1.7k.
Cardano prices might be in consolidation but ADA is up 16% from February lows with resistance clear at $0.42.
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