Trader Says Polygon on the Cusp of New Uptrend, Predicts Rallies for THORChain and Ocean Protocol
A well-liked crypto dealer has a long-term bullish outlook on the blockchain scaling resolution Polygon (MATIC) in addition to two extra altcoins.
The pseudonymous digital asset analyst often called Rekt Capital tells his 368,100 followers on the social media platform X that MATIC is “on the cusp of entering a new macro uptrend” after taking out its bear market diagonal resistance.
the dealer’s chart, the subsequent level of resistance for MATIC seems to be at $1.07. At time of writing, MATIC is buying and selling at $0.891.
Rekt Capital additionally has an analogous evaluation concerning RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain.
“RUNE is trying to break its second macro downtrend in three months. First, it was red. Now, it is blue. Over time, it will also be black.”
The analyst’s chart reveals that RUNE has no excessive time-frame resistance till $12. At time of writing, RUNE is buying and selling at $4.80.
Rekt Capital additionally predicts a value rally for Ocean Protocol (OCEAN), a venture that goals to allow customers to entry and monetize knowledge utilizing synthetic intelligence.
“Still successfully retesting this green area as support, downside wicking into it and even forming a higher low in the wicks. Price stability is essential here to continue its move to the ~$0.48 level above (red).”
OCEAN is buying and selling at $0.381 at time of writing.
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