Altcoins

What’s Awaiting for the Cardano (ADA), Dogecoin(DOGE) & Polygon (MATIC) Price 

Author: Sahana Vibhute

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A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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Story Highlights
  • Bitcoin & popular altcoins are gearing up and rising slowly towards the upper resistance marking the revival of bullish trend

  • Some of the popular altcoins like Cardano, Dogecoin, Polygon, etc have been displaying huge potential to rise higher in the coming days

The crypto space has been pretty uncertain for quite a long time, with constant price variations led by multiple external factors. While the BTC price has been maintaining a minor upswing, the other altcoins are also gearing up to reach immediate resistance. 

A well-known analyst, anonymously called Altcoin Sherpa, predicts the upcoming price actions of the top 3 altcoins, Cardano (ADA), Dogecoin (DOGE), & Polygon (MATIC). The analyst believes ADA price doesn’t look bullish at the moment after dropping by more than 90% from its highs. Moreover, the analyst believes the token is all set to drop by more than 40% soon. 

Twitter

“ADA : If this area breaks down, I don’t see another area until like $0.18 for support. Don’t see any reason to buy this one but I know ppl love it,” 

Moving ahead with Dogecoin, the analyst says that the popular memecoin looks pretty attractive around $0.085 where a high volume node (HVN) resides, which is the area with high trading volume. If the DOGE price bounces to $0.085, then a surge to $0.15 with a 76% upswing could be possible. 

Twitter

“DOGE: Didn’t know if Elon tweeted something (I’m sure he did). I was wrong on fading that recent move but still not buying yet. About to enter this next HVN area,would be cautious between 0.12-0.15”

Meanwhile, Polygon (MATIC) in the higher time frames (HTFs) appears to be poised to ignite a steep upswing. The analyst believes the MATIC price may reach the $1 target, which is also the current potential resistance level. 

Twitter

“MATIC: I still think this one looks ok on HTFs, the EMAs are all lining up on the 1D and compressing. I think that the bulk move of the downside is over in the short term, expecting more chop and then a move up,”

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Sahana Vibhute

A passionate cryptocurrency and blockchain author qualified to cover every event in the crypto space. Researching minute occurrences and bringing new insights lie within the prime focus of my task.

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