A popular crypto trader has a bullish long-term view on blockchain scaling solution Polygon (MATIC) and two additional altcoins.
The pseudonymous digital asset analyst known as Rekt Capital tells According to its 368,100 followers on social media platform
Looking at the trader’s chart, the next resistance point for MATIC appears to be $1.07. At the time of writing, MATIC is trading at $0.891.
Rekt Capital also has a similar analysis regarding RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain.
“RUNE is trying to break the second macro downtrend in three months. At first it was red. Now it’s blue. Over time it will also be black.”
The analyst’s chart shows that RUNE has no high time resistance until $12. At the time of writing, RUNE is trading at $4.80.
Rekt Capital also predicts a price increase for Ocean Protocol (OCEAN), a project that aims to allow users to access and monetize data using artificial intelligence.
“Still successfully retesting this green area as support, with the bottom penetrating into it and even forming a higher low in the wicks. Price stability is essential here to continue the move towards the ~$0.48 level above (red).”
OCEAN is trading at $0.381 at the time of writing.
Don’t miss a beat – Subscribe to receive email alerts straight to your inbox
Check price action
follow us on Tweet, Facebook And Telegram
Surf to the Daily Hodl mix
Generated image: Midjourney