Price Analysis

BTC Price Jumps High, Will MATIC and SHIB Move Similarly?


    Bitcoin price surges high, as it just knocked down the curve, lately.

    MATIC price seen gradually escalating, sails near the $1.5 mark.

    SHIB price propels, seen climbing the curve post a downfall.

BTC Price Proceeds to Skyrocket

For the past few days, Bitcoin, the cryptocurrency monster, has been climbing up the graph. When it was fast approaching the $40000 juncture, it wiped down unexpectedly and fell near $3600. In the last 24 hours, BTC regained its lost momentum and began soaring one more time towards $40000. Currently, the movements are bullish and highly addressing a new high.


At the time of typing, the BTC price is seen at $37742.82. In the early hours, there was a decent climb up the curve where the price propelled from $36500 to $37500. If Bitcoin grabs some extra bullish candles and rallies further, it might touch the $40000 in the coming hours. However, failing to do so, it might rise to an extent and start falling from any point near $37000 or below.

Technical Specifications 

  • The resistance value is $ 37115
  • The support value is $ 36639
  • The indicators point out a sell signal.

MATIC Price Begins to Move North

The polygon price had been moving in a narrow range between $1.75 and $1.85 for a critical time when it suddenly dropped from this channel. It lost the bulls and dipped to $1.6 and further in no time in the early hours, yesterday. However, in the due course, the trends reversed and the price began surging gradually.


At the time of writing, the MATIC price was seen moving bullish near $1.669. In the early hours, the price was at a similar point near $1.6, with continuous bulls and bears. But currently, the momentum has strived for MATIC and the price is lifting its head. In the coming hours, the price may hike up to $1.8 or higher. But there are also chances for the price to stumble and dip near $1.5 and sail here.

Technical Specifications 

  • The resistance value is $ 1.67
  • The support value is $ 1.61
  • The indicators point out a mild sell signal

SHIB Price Groomed for a Surge

The Shiba Inu price trends have been highly oscillating with deep lows and highs for the past few days. But it still managed to sail above $0.000009. But unexpectedly, the price deviated from this mark and fell to $0.00000878, and further plunged. Currently, the movement got switched to an uptrend and is gradually seen soaring.


At the time of typing, the SHIB price is $0.00000899. In the early hours, the price started rising from $0.00000850 by accumulating the line with some bulls. Sticking to the current motion, Shiba Inu may climb up the curve gradually in the coming hours to reach the $0.00001 mark. However, if the momentum is lost, then the price may dip and seen travelling in its previous range.

Technical Specifications 

  • The resistance value is $ 0.00000880
  • The support value is $ 0.00000865
  • The indicators point out a dull selling pressure.

Also read: Shiba Inu price prediction, How high will SHIB price rally in 2021?

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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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