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A well-liked crypto dealer has a long-term bullish outlook on the blockchain scaling answer Polygon (MATIC) in addition to two further 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 coming 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 identical evaluation concerning RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain.
“RUNE is attempting to interrupt its second macro downtrend in three months. First, it was purple. Now, it’s blue. Over time, it is going to even be black.”
The analyst’s chart exhibits 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 worth rally for Ocean Protocol (OCEAN), a undertaking that goals to allow customers to entry and monetize information 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 (purple).”
OCEAN is buying and selling at $0.381 at time of writing.
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Disclaimer: Opinions expressed at The Every day Hodl will not be funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your accountability. The Every day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Every day Hodl an funding advisor. Please be aware that The Every day Hodl participates in online marketing.
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