Price Analysis

MATIC Price & ADA Price Tanks Hard, Who Will Make It To $2 First?

Highlights

    Matic price slumps hard, shedding a large chunk of profits gained in the past couple of days

    ADA price also after sustaining hard above certain levels appears to have stuck in a trembled situation where-in the price is not able to rebound strongly

    The current price trend manifests a pretty misty clouds on the target at $2, yet the competition appears to be a close one

Cardano Price Ready For New Yearly Highs?

Cardano price, in the recent days drove slow yet steady price movements, eliminating large fluctuations. However, the price since the last trading day, flipped to an extensive downtrend by dropping nearly 15% to 20% of the price.

Despite the slide, the price still is expected to rally high with an extreme bullish trend to reach new highs. As predicted by a popular analyst Micheal van de Poppe, the ADA price paired with Bitcoin is all set to record new highs.

Also Read: Cardano Price Eyeing 10% Upswing! Is ADA Price Set to Hit $2.00 Today?

Matic Price May Slide More Before A Leg Up

Matic price is considered among the trusted assets as it is capable of recovering losses at a greater pace. The recent price movements points out towards the loss of trader’s interest. As the selling pressure continues to mount for the second consecutive day.

The price, no doubt, has sustained above $1.5 yet the fresh slump pulled the price below $1.45. The analyst, Micheal also predicted the Matic price and predicted the price may slump to  $1.05.

As said by the analyst, the price failed to sustain at $1.77 and on the way to test the critical support at $1.05. If failed the next levels may be around $0.77 and hence creating a buy zone. Regardless of the current trend, the price is still expected to rise high and hit their respective resistance levels initially.

Both the assets record their ATH above $2 and are self-assured to reach these levels soon. Yet the race between the two to reach the target may be more interesting as Matic price is known for quick recovery and Cardano price for stability. 

Also Read: $MATIC Price Might Explode From long Consolidation, Eyeing 25% Upswing

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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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