![]() It has now retested the important resistance point at $0.6905, the lowest point on September 20th last year. On the daily chart, the price dropped to $0.5079 in June and then resumed the bullish trend this week. This decline happened as the layer-2 network faces significant competition from the likes of Optimism and Arbitrum. Polygon MATIC price has been in a steep sell-off in the past few months. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.īinance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as peer-to-peer trading, margin trading and spot trading.īuy ADA with Binance today Polygon MATIC price prediction A break below this level will confirm the bearish thesis and signal that the ADA price could slip to the key support level at $0.20, which is about 30% below the current level.īitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.īitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.īinance is one of the largest cryptocurrency exchanges in the world. If this happens, the next level to watch will be at $0.2414. Therefore, there is a likelihood that the Cardano price will resume the bearish trend in the near term. In price action analysis, the inverted C&H pattern is usually a bearish sign. ![]() The current rebound is part of the handle section. While the recent rebound is welcome, buyers should be cautious considering that the coin has formed an inverted cup and handle pattern. The lowest point was a notable one since it was the lowest level in December. It dropped to a low of $0.4592 on April 16th to a low of $0.2295. So, what next for MATIC, Stellar, and Cardano? Cardano price predictionĬardano has been in a strong bearish trend in the past few months. The near-term price action for cryptocurrencies will depend on whether BTC will soar above the year-to-date high of $31,000. Bitcoin price jumped by more than 20% in the past 7 days while Ethereum soared by 14%. More upside will depend on whether Bitcoin is able to clear $31,000.Ĭryptocurrencies had a strong performance this week as investors focused on TradFi and the positive comment from Jerome Powell, the Federal Reserve chairman. Most altcoins like Cardano, Pepe, and MATIC also jumped. Cryptocurrencies had a strong performance this week as Bitcoin surged to $30,000.
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