Polygon price to explode 30% as MATIC whales kick-start accumulation
Polygon price is looking to chart new year-to-date highs as its investors have changed their stance to bullish. The altcoin is likely following the pattern noted before the alt season begins, which could further support the bullish outlook resulting in a significant increase.
MATIC price Right now, if the bullish outlook observed at investors' hands plays out, Polygon price would be looking at breaching the critical resistance (CR) level at $1.27, which stands at the confluence of the 50% Fibonacci Retracement of $1.52 to $1.01. Flipping this level into support is crucial for the altcoin so bulls can propel it by 32% to tag 2023 highs at $1.52.
Solana price edges closer to 70% breakout as SOL attempts to breach multi-month resistance
Solana price is actively attempting to breach a crucial hurdle that has persisted for more than a year. A successful breakout from this level could yield massive gains for SOL holders.
Additionally, looking at the dominance of Bitcoin and altcoins reveal that capital rotation is more than due.
Solana price shows an inverse head-and-shoulders formation on the daily timeframe. This technical formation contains three distinctive swing lows, with the central trough lower than the other two. The variant in the middle is termed head and the troughs on either side are named shoulders. Hence the namesake inverse head-and-shoulders. Connecting the peaks of these swing lows using a trendline reveals a declining resistance level termed a neckline.
Ethereum Improvement Proposal EIP-4844 turns experts bullish, will ETH price rally?
Ethereum blockchain’s upcoming Shanghai hard fork has a key Ethereum Improvement Proposal 4844 (EIP-4844). Experts in the crypto community are focused on the implementation of the upgrade that reduces transaction cost on the ETH blockchain.
Ethereum blockchain’s EIP-4844 is one of the upgrades bundled in the Ethereum Shanghai hard fork, also known as Shapella upgrade. This Ethereum Improvement Proposal has the potential to tackle one of the long-standing challenges of the ETH blockchain. The proposal could reduce the transaction cost for users.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended Content
Editors’ Picks
XRP corrects as traders weigh possibility of SEC appealing Ripple ruling
Ripple (XRP) trades with minor losses on Friday as holders weigh the impact of a likely appeal by the US Securities & Exchange Commission (SEC) in the Ripple lawsuit.
Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong
Bitcoin has risen around 3% so far this week, breaking above its range upper limit of $64,700. This gain was supported by increased institutional demand for ETFs, which recorded inflows of more than $612 million this week.
Crypto Today: Bitcoin, Ethereum and XRP steady above major support levels, Worldcoin leads AI token gains
Bitcoin, Ethereum trade above key supports at $65,000 and $2,600, as of Friday. XRP corrects slightly, holding steady above $0.5892. Worldcoin climbs 3% as Polymarket bet shows a 66% chance of OpenAI becoming a “for profit” entity before April.
Top 3 meme coins Dogecoin, Shiba Inu and Pepe: Rally continues
The prices of the top 3 meme coins by market capitalization, Dogecoin, Shiba Inu and Pepe, extend their gains on Friday after a rally on Thursday. The technical outlook for the three coins hints at further gains ahead as they all broke above bullish technical patterns.
Bitcoin Weekly Forecast: $70,000 mark on sight as bulls remain strong
Bitcoin (BTC) has risen around 3% so far this week, breaking above its range upper limit of $64,700.
Five best Forex brokers in 2024
VERIFIED Choosing the best Forex broker in 2024 requires careful consideration of certain essential factors. With the wide array of options available, it is crucial to find a broker that aligns with your trading style, experience level, and financial goals.