The MATIC/USD pair closed red during the weekend, retesting the monthly support of $1.4. Under the influence of a bearish H&S pattern, the sellers tease to breach this support and dump the pair to the $1 mark. However, the coin turned green today, and the lower price rejection candle indicates the bulls have not yet surrendered.
Leading digital payments platform Wirex, which has over 4.5 million users and allows them to spend dozens of currencies at more than 80 million locations worldwide, has added support for the meme-inspired cryptocurrency Shiba Inu ($SHIB) along with Terra’s $LUNA other tokens. According to an announcement the firm...
Over the past two months, MATIC traders were actively selling on rallies using the descending trendline. The correction rally tumbled the altcoin by 50%, bringing it to the $0.1744 bottom support of $0.120. However, the RSI chart shows a positive divergence in the daily, suggesting a bullish breakout from the pattern.
It’s no secret that crypto users love to race and compare speeds, but an evaluation of this kind is actually much harder than it sounds. To that end, an investigation by GM and Haseeb Qureshi from Dragonfly Capital delved into the question of whether Solana could take on an Ethereum Virtual Machine [EVM] compatible chain in a speed race. Quickly shooting down transaction-per-second rates, the two researchers instead decided to look at the speed of Automated Market Makers [AMMs]. To refresh...
Important information: This is a sponsored story. Please remember that the value of investments, and any income from them, can fall as well as rise so you could get back less than you invest. If you are unsure of the suitability of your investment please seek advice....
New Castle, United States, 2nd March, 2022, GameFi platform Arcade expands its full-scale economic ecosystem for play-to-earn gaming through Mission Pool Operators. The Mission Pool Operator can lease NFTs to perform in-game activities, bringing more value to all Arcade participants. Arcade is on a mission to provide play-to-ear inclusion to a...
As foreseen in the previous article, MATIC continued its downward trajectory towards the 61.8% Fibonacci support while breaking down from the bearish flag on its daily chart. From here on, MATIC aimed to retest the crucial $1.45-$1.52 range near its Point of control (POC, red) before positioning itself to make a trend committal move. If the bulls fail to step in this range and counter the sell-off, the alt would likely succumb to its prevalent bearish tendencies. At press time,...
Looking at AAVE, it may appear that the DeFi token is actually in a better position at the moment, given the 15% rally that occurred in the last 24 hours. However, the bigger picture is way less exciting.
Polygon (MATIC) price fails to capitalize on the previous session’s gains. MATIC opened higher but could not sustain the higher levels. The current price action could extend by another 10% to $1.35 before polygon set any directional basis. Polygon (MATIC) trades lower with significant losses. A decisive break below $1.26 could trigger a fresh round of selling targeting $1.0. However, an acceptance above 200-day EMA invalidates the bullish thesis. MATIC price has been on a persistent downtrend since December 27, 2021, and has...
© copyright 2023. All Rights Reserved.