While market leaders Bitcoin and Ethereum struggled to post strong gains, trading at $36,360 and $2,234, respectively, some altcoins saw a re-emergence of buyers and bounced back from their recent lows. Tron and Aave both found their footing at different support levels and targeted a rise above their 20-SMAs. On the other hand, MATIC’s jumpContinue reading “Tron, MATIC, Aave Price Analysis: 24 May”
By Saif NaqviTag Archives: MATIC
A bounce back from $25 could allow for minor gains till $29 for Solana. MATIC broke below $1 and will continue on a downwards path if bulls fail to respond swiftly. Finally, Ethereum Classic broke south from a descending triangle and risked a further 27% drop. Solana [SOL] Unable to bounce back from $35, anotherContinue reading “Solana, MATIC, Ethereum Classic Price Analysis: 23 May”
By Saif NaqviVeChain targeted a rise above $0.015 to flip bear market conditions. A number of factors contributed to Ethereum Classic’s 77% loss in value in just two weeks. Finally, MATIC’s bull run could depend on a rise above $1.77-resistance. VeChain [VET] VeChain saw a 31% price hike during the rapid buy phase on May 20 butContinue reading “VeChain, Ethereum Classic, MATIC Price Analysis: 22 May”
By Saif NaqviFollowing the latest altcoin bloodbath, billions were wiped off the crypto-market cap, with the same being the case for Bitcoin and the industry’s altcoins. In fact, recovery has been slower than anticipated for most altcoins in the top-25. On the contrary, altcoins like ICP, WAVES, and MATIC have emerged to recover at a quicker pace.Continue reading “ICP, MATIC, WAVES – Which of these alts can lead the recovery phase?”
By Ekta MouryaWith ETH’s price back in the $2900 range, there has been a lot of debate on the level of security Layer 2s provide, their long-term ROI, and the sustainability of their price rally. After crossing the $4000 level on May 12, the price dropped, several times and the scaling solutions’ have rallied. Consider the analogy,Continue reading “Matic & Loopring: Why these projects matter to Ethereum’s performance”
By Ekta MouryaWith MATIC’s price up 33% in the last 24 hours and market capitalization up by nearly the same level, it is MATIC against the bears while top altcoins continue bleeding. Altcoins in the top 25 are bleeding currently, as Bitcoin attempts to make a recovery. The Musk incident had a visibly negative impact on Bitcoin,Continue reading “This differentiating factor for MATIC will affect its price movement”
By Ekta MouryaMATIC’s uptrend lost steam over the last 24 hours but an extended rally was possible if buyers responded at $1.60. Binance Coin indicated further weakening and could dip towards $450. Finally, buyers could return to the Bitcoin market. MATIC MATIC was in cooldown mode after an impressive run that reflected weekly returns of over 80%.Continue reading “MATIC, Binance Coin, Bitcoin Price Analysis: 17 May”
By Saif NaqviSolana’s rise above its sloping trendline fueled strong buying behavior and a breakout above $49.6 could trigger an extended rally. THETA remained between $12.4 and 8.4 while its technicals indicated the lack of a strong trend. Lastly, a correction seemed likely for MATIC before resuming its northbound trajectory. Solana [SOL] A breakout above the upperContinue reading “Solana, Theta, MATIC Price Analysis: 16 May”
By Saif NaqviMATIC’s growth has been community and developer-driven. Trading at the $1.13 level and registering 27% gain in price in the past 24 hours, MATIC’s rally is an extended one, leading the altcoin season 2.0. However, there is something different this time around, MATIC is currently rallying alongside ETH, more as an ally, than a competitor.Continue reading “There is something different this time around for MATIC and ETH”
By Ekta MouryaXRP threatened to fall back towards the $1-mark in case of a breakdown from the $1.22-support. The Fibonacci Extension tool presented a few targets around $2 for MATIC. Finally, Dogecoin was unable to break above the $0.569-resistance and selling pressure returned to its market. XRP Weekly losses amounted to 11% in the XRP market, atContinue reading “XRP, MATIC, Dogecoin Price Analysis: 15 May”
By Saif NaqviAt the time of writing, Ethereum had dipped further into the red zone, but the $3,600-$3,810 range lent some support to the bulls. EOS fell towards the 61.8% Fibonacci retracement level close to the $10-mark. On the other hand, MATIC surprised the market by posting gains over the last 24 hours, but low volumes addedContinue reading “Ethereum, EOS, MATIC Price Analysis: 14 May”
By Saif NaqviMATIC, the altcoin that has rallied over 20% in the past 24 hours is likely to continue rallying due to recent developments. Today, Infura and Truffle have announced support for the innovative Polygon Proof of Stake (PoS) Ethereum sidechain. In the past 90-days, MATIC has offered an ROI of over 864%. Further, short-term returns areContinue reading “Will MATIC’s rally continue with this new development?”
By Ekta Mourya