Dealer Says Polygon on the Cusp of New Uptrend, Predicts Rallies for THORChain and Ocean Protocol

by Cryptospacey

A well-liked crypto dealer has a long-term bullish outlook on the blockchain scaling resolution Polygon (MATIC) in addition to two further altcoins.

The pseudonymous digital asset analyst generally 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.

Supply: Rekt Capital/X

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 making an attempt to interrupt its second macro downtrend in three months. First, it was crimson. Now, it’s blue. Over time, it should even be black.”

Supply: Rekt Capital/X

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 worth rally for Ocean Protocol (OCEAN), a venture that goals to allow customers to entry and monetize knowledge utilizing synthetic intelligence.

“Nonetheless efficiently retesting this inexperienced space as help, draw back wicking into it and even forming a better low within the wicks. Worth stability is crucial right here to proceed its transfer to the ~$0.48 degree above (crimson).”

Supply: Rekt Capital/X

OCEAN is buying and selling at $0.381 at time of writing.

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