Compound

Bitcoin

Dogecoin

Polygon

<p>The post <a href="https://coinpedia.org/price-analysis/these-altcoins-could-skyrocket-once-bitcoin-moves-beyond-38000/" rel="noopener noreferrer nofollow">These Altcoins Could Skyrocket Once Bitcoin Moves Beyond $38,000</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The Bitcoin price again surged close to $38,000 and faced rejection to trade close to $37,300 at the moment. As the altcoins are closely related to Bitcoin, and hence the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BTC price</a> moves bullishly, the altcoins have also made a significant move. Consecutively, when the altcoins are growing, Bitcoin could also grow higher. Therefore, if the star crypto moves first, the altcoins are surely expected to follow, and vice versa.&nbsp;</p>
<p>Although Bitcoin is a primitive and the largest crypto in the market, some of the altcoins are closer to undergoing a fine upswing.</p>
<h2 class="wp-block-heading" id="h-compound-comp-price-analysis">Compound (COMP) Price Analysis</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/iNenETSdyMDCjwtW8CiTT7qKe-ROSxhz-jdNNYP8lWM-bR47DADXpZknyxQhdpj8jFHaac0IgKs2p3xOnMCxOn8iG66uAElqWOa35SeAfnjz68wMyr57IQ_BeOOQyekqsppyO3SpCPK6KdVVVyzWT7g" alt="">
</figure>
<ul>
 <li>The compound price surged massively during the previous trading day after forming a Doji candle and reclaimed the levels it traded during the mid of August</li>
</ul>
<ul>
 <li>The price appears to be in between a parabolic recovery and, hence, an upswing after undergoing a four-day-retracement</li>
</ul>
<ul>
 <li>Therefore, the price is believed to maintain a healthy upswing, considering the parabolic curve as a strong support, eventually reaching $75 by the end of the year.&nbsp;</li>
</ul>
<h3 class="wp-block-heading" id="h-polygon-matic-price-analysis">Polygon (MATIC) Price Analysis</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/aSmkVfBM49cgH4-vsDrecZAkeNmrikfsQE580FB-ZYhRpDPOUx_Fqwegag9DgIyl0lZPKt6wZDwtnS04Z7L4I8w0ZKUWxCzr1eWvxkVe3ICkztn8K_VrKNEwGAsZ7D4qT9NAJpRQOeVUmKUTp5vWxWE" alt="">
</figure>
<ul>
 <li>The <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">MATIC price</a> soared high and marked a new monthly high in the previous couple of days but refrained from marking the $1 milestone</li>
</ul>
<ul>
 <li>Besides, the trading volume marked its highs above $33 million for the first time since the start of the year, indicating a clear rise in the trend</li>
</ul>
<ul>
 <li>Presently, there are fewer chances of a retracement and hence the MATIC price is believed to maintain a fine rise and surpass $1 soon</li>
</ul>
<h3 class="wp-block-heading" id="h-dogecoin-doge-price-analysis">Dogecoin (DOGE) Price Analysis</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/GUn391NkjCNAUUcN6bxPSL_PHlbtMzF47fDDU9YIjZVRQ2M0VgD4n-iGkwzH7-TcSeCJC6IOhapKpkQIJgNx2OHDwX0yVmrzXrAiX4wA21cHWfZksmP4LVPRXmWWhpyliD_by1n_3AKhvQpxHiWfSm4" alt="">
</figure>
<ul>
 <li><a href="https://coinpedia.org/price-prediction/dogecoin-price-analysis/" target="_blank" rel="noopener noreferrer nofollow">Dogecoin price</a> does not appear to be strong at the moment compared to the previous two but the bulls continue to be ahead</li>
</ul>
<ul>
 <li>A clear retrace can be witnessed below 0.5 FIB retracement but the session ended before reaching 0.618 FIB, which is a signal of strength</li>
</ul>
<ul>
 <li>There is a rise in volume trend where the bear volume bars are smaller than the bullish volume bars&nbsp;</li>
</ul>

These Altcoins Could Skyrocket Once Bitcoin Moves Beyond $38,000

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