Cardano

Strong

Momentum

Resistance

Polygon

<p><a href="https://twitter.com/ali_charts/status/1733272747164549247?t=2p5DtNbUGUtmOSiHy0JmYA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Crypto Analyst @ali_charts</a> posted that most Polygon (MATIC) tokens were purchased between $0.80 and $0.86, with 42,000 addresses holding close to 5.8 billion MATIC in this key demand zone. He notes that given the minimal resistance ahead, Polygon seems primed for a bull run as long as this level around $0.80 holds.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="371" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-1024x371.png" alt="" class="wp-image-394871" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-1024x371.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-300x109.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-767x278.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-1536x556.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-2048x742.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-414x150.png 414w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-100x36.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-966x350.png 966w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221-788x285.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-221.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>Support Forms for Polygon at Key Level With the price of MATIC currently at $0.92, it appears the key support level noted by @ali_charts around $0.80 has held. This suggests the foundation for a potential bull run for Polygon is solidifying. As long as bulls can maintain this support, Polygon may be gearing up for significant upside.</p>
<p><strong>Cardano Retesting Breakout Levels </strong></p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="726" src="https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-1024x726.png" alt="" class="wp-image-394860" srcset="https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-1024x726.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-300x213.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-767x544.png 767w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-1536x1089.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-2048x1452.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-140x100.png 140w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-212x150.png 212w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-100x71.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-494x350.png 494w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220-788x558.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/12/image-220.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<p>In a separate tweet, <a href="https://twitter.com/rektcapital/status/1733185294386511924?t=T_rJNjVUJrF9UzhmKCWcjA&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">@rektcapital notes </a>that since its breakout, Cardano (ADA) has rallied +33% and now has a chance to reclaim a key orange level as support. Doing so would enable a move higher via the black path in the chart shared.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/solana-sol-shows-signs-of-strength-but-is-a-pullback-due/" target="_blank" rel="noopener noreferrer nofollow">Solana (SOL) Shows Signs of Strength, But Is a Pullback Due?</a></li>
 <li><a href="https://captainaltcoin.com/ethereum-on-chain-data-promising-as-eth-reaches-18-month-highs-amid-whales-accumulating-over-45-million-in-5-days/" target="_blank" rel="noopener noreferrer nofollow">Ethereum On-Chain Data Promising as ETH Reaches 18-Month Highs Amid Whales Accumulating Over $45 Million in 5 Days</a></li>
 <li><a href="https://captainaltcoin.com/chainlink-link-surges-10-polkadot-dot-and-inqubeta-qube-emerge-as-top-purchased-token/#google_vignette" target="_blank" rel="noopener noreferrer nofollow">Chainlink (LINK) Surges 10%; Polkadot (DOT) and InQubeta (QUBE) Emerge as Top Purchased Token</a></li>
</ul>
<p>Cardano Building Momentum With ADA currently priced at $0.59 against the breakouts highlighted around $0.40 and $0.53 in the tweet, it does appear Cardano is building momentum. If ADA can turn the orange level at $0.53 to support, @rektcapital sees a move of +20% or more to next resistance around $0.72 as highly possible.</p>
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<p>The post <a href="https://captainaltcoin.com/polygon-bulls-form-strong-support-buys-record-5-8b-matic-at-this-price-cardano-ada-poised-to-move-20-to-next-resistance/" rel="noopener noreferrer nofollow">Polygon Bulls Form Strong Support, Buys Record $5.8B MATIC at This Price; Cardano (ADA) Poised to Move +20% to Next Resistance</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon Bulls Form Strong Support, Buys Record $5.8B MATIC at This Price; Cardano (ADA) Poised to Move +20% to Next Resistance

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