AltcoinsPrice Analysis

MATIC Price Wipes Down the Curve, Will SOL and UNI Ensue?

Highlights

    MATIC plunges into a bearish trap, sees a dip near $1.6

    SOL price begins to drop, fails to sustain the early momentum.

    UNI price knocks down, plunges hard with strengthening buying pressure.

MATIC Price Trend Collapses Down

The polygon price has been moving between a narrow range of $1.75 and $1.85 in the last few days. The movements have been constantly wavering within this range. However, earlier today, the price shifted downwards from this range and started to approach its nearest low. Currently swinging at a range of $1.6, it is in a recessive state.

MATIC

At the time of typing, the MATIC price flipped into a bearish trap and striked at $1.68. In the early hours, MATIC was positioned at $1.82 and witnessed a downtrend from this point to reach $1.7. At present, it grabbed some bulls and was seen at $1.6. Considering the current trends, the price may dip further at $1.65. On the flip side, with some bulls in hand, the price may surge slightly and sail at $1.7 shortly.

Technical specifications

  • The resistance value is $ 1.83
  • The support value is $ 1.80
  • The indicators point out a buy signal

The Solana price fell near $29, in the last few days. However, Solana successfully recouped the setbacks and started surging from this point straight. Clutching the bullish momentum, the price skyrocketed to $40 in two days. Earlier today, the price smashed and hit the $40 mark. When it began approaching the $50 juncture, the trends switched and the price started to dip.

MATIC

At the time of writing, the SOL price dropped further to $36.8. In the early hours, the price began to plunge from the $40 point. In no time, the price dropped at $38 and now it is dipping further to $36. Resuming the current trend, the price might plunge deep and be seen near $35 in the coming hours. But grabbing some bulls, the price may swap into an uptrend.

Technical specifications

  • The resistance value is $ 39.2
  • The support value is $ 38.5
  • The indicators point out a buying pressure

Also read: Solana price prediction, Will SOL hit $100 by the end of 2021?

UNI Price Moves Towards A Possible Crash

UniSwap, a trending cryptocurrency in recent times, has price movements that made many to be held in shock. For the past few days, the price movements have been highly volatile with constant ups and deep downs. Currently the movement is on a bearish note and is plunging deep towards a crash. Earlier, it began dipping and reached $28 failing to sustain a soar to $28.5.

UNI

At the time of typing, the UNI price is seen dropping further to $26.3. In the early hours, the price fell a number of times, failing to maintain the support levels. UNI grabbed a bullish candle at $27.5, but again failed to keep the acceleration and fell back into being bearish. In the coming hours, UNI may plunge further to drop near $25 or below. But if it can overcome the current trend, the price may surge slightly and sail at $27.

Technical specifications

  • The resistance value is $ 28.65
  • The support value is $ 28.33
  • The indicators point out a buy signal.

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Elena R

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing - accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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