MATIC price breaching this key level could trigger a 50% rally and turn 1.15 billion MATIC profitable
MATIC price currently resides among the few altcoins that have failed to mark any growth over the last two months. The altcoin, in particular, has been facing a barrier for the last month and a half, clearing which is crucial to initiate a bounce back to a price point last tagged by the cryptocurrency in February 2022.
Avalanche (AVAX) price is gearing up for bulls to hand them a simple but profitable trade. After the break above the red descending trend line on Monday, this week is shaping up for another bullish candle, making it the fourth in a row. Conscious bulls want to trade the 10% gain projected and not go shooting from the start just yet. Otherwise, the rally could get overheated and stall quickly.
Bitcoin price shows a loss of bullish momentum, and it could be due to investors booking profits. Since BTC has produced a lower low, this move could trigger a notorious slide, catching late bulls off-guard.
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