• About
  • Contact Us
Saturday, June 25, 2022
Cryptos Newz
No Result
View All Result
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
  • Home
  • News

    Breaking: Boeing Is Said Close To Issuing 737 Max Warning After Crash

    BREAKING: 189 people on downed Lion Air flight, ministry says

    Crashed Lion Air Jet Had Faulty Speed Readings on Last 4 Flights

    Police Officers From The K9 Unit During A Operation To Find Victims

    People Tiring of Demonstration, Except Protesters in Jakarta

    Limited underwater visibility hampers search for flight JT610

    Trending Tags

    • Commentary
    • Featured
    • Event
    • Editorial
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us
No Result
View All Result
Cryptos Newz
No Result
View All Result
Home Bitcoin News

Why polygon is on the cusp of major price movements

Crptoz by Crptoz
June 9, 2022
in Bitcoin News
0
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

READ ALSO

Two top cryptocurrencies that could make a V-shaped recovery

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice – Bitcoin News


Polygon appears to be on the verge of a very decisive bullish run. The coin has been suppressed in recent weeks. Even though the broader crypto market has seen some decent gains in June, MATIC has been largely modest in its uptrend. But this is about to change. Here are some highlights:

  • MATIC has consolidated within a lower high and higher low for 3 consecutive days.

  • This consolidation shows flexibility, and it could trigger huge demand for MATIC.

  • The coin can target $0.9 in this bullish cycle.

Data Source: TradingView

Polygon’s near-term probabilities

Looking at MATIC’s price action over the past two weeks, we see a very strong consolidation. In fact, while the crypto market has actually reported modest gains, MATIC has largely stayed within this consolidation phase with very limited volatility. As a result, the coin has traded within a lower high and a higher low in 3 straight trading sessions.

This display of resilience may indicate that MATIC is ready to break out of a sideways pattern. Furthermore, the momentum indicators on the chart suggest that the coin is due for a decisive bull run.

If MATIC is indeed successful in the coming days, the coin will target $0.9 as a minimum. This will bring an increase of 50 per cent from the current price. It is also likely that there will be enough demand to send MATIC upwards of $1. The coin will likely consolidate above $1.1 before it tries to find further direction again.

What is the probability of running this MATIC?

The conditions are perfect for MATIC to break the sideways pattern. But it also depends on the overall sentiment in the market.

If we continue to see weakness in crypto, MATIC will be in a consolidation phase for a while. However, if the broader sentiment improves, you can expect MATIC to outperform most of the major coins.


Related Posts

Bitcoin News

Two top cryptocurrencies that could make a V-shaped recovery

June 25, 2022
Bitcoin News

Report: Goldman Sachs Looks to Buy Distressed Assets From Celsius, Crypto Lender Seeks Restructuring Advice – Bitcoin News

June 25, 2022
Is Bitcoin [BTC] doing enough to allure deeply-affected miners
Bitcoin News

Is Bitcoin [BTC] doing enough to allure deeply-affected miners

June 25, 2022
Bitcoin News

A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday – Bitcoin News

June 25, 2022
Bitcoin News

This Week in Coins: Bitcoin and Ethereum Lead Sizable Recovery Among Top Cryptocurrencies – Decrypt

June 25, 2022
Bitcoin News

Yuga Labs Lawsuit Accuses Ryder Ripps of ‘Scamming Consumers’ With Fake Bored Apes – Decrypt

June 25, 2022
Next Post

When Will Bitcoin’s price finish its consolidation?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Man Who Broke into Terra Founder’s House Was Crypto Investor Who Lost 3 Billion Won

May 16, 2022

When SHIB? Robinhood CBO States They Seek Compliant Ways to Increase Crypto Offering

February 9, 2022

Dock Launches Ambassador Program – Press release Bitcoin News

January 17, 2022

Why You Should Stack Sats To Celebrate Father’s Day

June 19, 2022

Ted Cruz: Texas Should Be “Ground Zero” for Crypto Industry

March 3, 2022

EDITOR'S PICK

REN price gains 65% after Catalog launch brings a cross-chain DEX to its blockchain

March 4, 2022

After Bitcoin Drop to $38,200, Trading Volume Spiked Massively, Showing “Buy the Dip” Tendencies

April 19, 2022

Terra (LUNA) Staring at possible correction – Here is what to expect next

March 26, 2022

After Terra(LUNA), Celsius Network(CEL) & 3AC, Babel Finance in Deep Waters

June 17, 2022

About

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Follow us

Categories

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business
  • Cryptocurrency News
  • Ethereum News
  • How To Buy Crypto
  • News
  • Uncategorized

Recent Posts

  • Sam Bankman-Fried provides bailouts, ‘Bitcoin dead’ searches soar, and debate over hidden themes behind BAYC continues: Hodlers Digest, June 19–25
  • Bitcoin Getting Heavily Accumulated as Number of 10K BTC Addresses Soars
  • Two top cryptocurrencies that could make a V-shaped recovery
  • Bitcoin may still see ‘wild’ weekend as BTC price avoids key $22K zone
  • Home
  • News
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.

No Result
View All Result
  • Home
  • News
    • Altcoin News
    • Bitcoin News
    • Blockchain News
    • Cryptocurrency News
    • Ethereum News
    • Business
  • How To Buy Crypto
  • Write For Us
  • Press Release
  • Legal Information
    • Affiliate Disclosure
    • DMCA Compliance
    • Privacy Policy
    • Contact Us

© 2022 CryptosNewz - Premium Cryptocurrency News Blog CryptosNewz.