A preferred crypto dealer has a long-term bullish outlook on the blockchain scaling answer Polygon (MATIC) in addition to two extra altcoins.
The pseudonymous digital asset analyst often known as Rekt Capital tells his 368,100 followers on the social media platform X that MATIC is “on the cusp of getting into a brand new macro uptrend” after taking out its bear market diagonal resistance.
Wanting on 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 relating to RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain.
“RUNE is making an attempt to interrupt its second macro downtrend in three months. First, it was crimson. Now, it’s blue. Over time, it is going to even be black.”
The analyst’s chart exhibits that RUNE has no excessive timeframe 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 undertaking that goals to allow customers to entry and monetize knowledge utilizing synthetic intelligence.
“Nonetheless efficiently retesting this inexperienced space as assist, draw back wicking into it and even forming a better low within the wicks. Worth stability is important right here to proceed its transfer to the ~$0.48 degree above (crimson).”
OCEAN is buying and selling at $0.381 at time of writing.
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