Ocean Protocol

THORChain

Polygon

Rekt

<div class="dailyhodl">
 <p>A popular crypto trader has a long-term bullish outlook on the blockchain scaling solution Polygon (MATIC) as well as two additional altcoins.</p>
 <p>The pseudonymous digital asset analyst known as Rekt Capital tells his 368,100 followers on the social media platform X that MATIC is “on the cusp of entering a new macro uptrend” after taking out its bear market diagonal resistance.</p>
 <div class="code-block code-block-055f5289fd7e731bb72be7c5a19d18ed code-block-1">  
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 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-wufRcXsAA_xus?format=jpg&amp;name=large" alt="Image" width="1786" height="1266">
  <figcaption class="wp-caption-text">
   Source: Rekt Capital/X
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 <p>Looking at the trader’s chart, the next point of resistance for MATIC appears to be at $1.07. At time of writing, MATIC is trading at $0.891.</p>
 <p>Rekt Capital also has a similar <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> regarding RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain.</p>
 <p><em>“RUNE is trying to break its second macro downtrend in three months. First, it was red. Now, it is blue. Over time, it will also be black.”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-wvaaoXQAAPhIY?format=jpg&amp;name=large" alt="Image" width="1786" height="1266">
  <figcaption class="wp-caption-text">
   Source: Rekt Capital/X
  </figcaption>
 </figure>
 <p>The analyst’s chart shows that RUNE has no high time frame resistance until $12. At time of writing, RUNE is trading at $4.80.</p>
 <p>Rekt Capital also predicts a price rally for Ocean Protocol (OCEAN), a project that aims to enable users to access and monetize data using artificial intelligence.</p>
 <p><em>“Still successfully retesting this green area as support, downside wicking into it and even forming a higher low in the wicks. Price stability is essential here to continue its move to the ~$0.48 level above (red).”</em></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/F-wu1o9WwAA9jTG?format=jpg&amp;name=large" alt="Image" width="1786" height="1266">
  <figcaption class="wp-caption-text">
   Source: Rekt Capital/X
  </figcaption>
 </figure>
 <p>OCEAN is trading at $0.381 at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/trader-says-polygon-on-the-cusp-of-new-uptrend-predicts-rallies-for-thorchain-and-ocean-protocol-tbt70299.html">https://thebittimes.com/trader-says-polygon-on-the-cusp-of-new-uptrend-predicts-rallies-for-thorchain-and-ocean-protocol-tbt70299.html</a></p>

Trader Says Polygon on the Cusp of New Uptrend, Predicts Rallies for THORChain and Ocean Protocol

TheBitTimes

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