Cryptocurrency

Polygon

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 <p>Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on a leading Ethereum layer-2 altcoin.</p>
 <p>Martinez tells his 37,900 followers on the X social media platform that Polygon (MATIC) could surge by nearly 65% from the current level and hit a price of $1.73 if it breaks out of a key resistance level.</p>
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 <p>According to Martinez, Polygon is on the “verge of a breakout from a symmetrical triangle” that started forming in 2022. Symmetrical triangles can either be bullish or bearish – bullish when the price breaks out to the upper trendline and bearish when the price breaks down to the lower trendline.</p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCSdLFsWcAAhlzx?format=jpg&amp;name=small" alt="Image" width="680" height="442">
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   Source: Ali/X
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 <p>Polygon is trading at $1.05 at time of writing.</p>
 <p>Next up is Bitcoin (BTC). Martinez says that the price of the flagship crypto asset is ranging within a parallel channel and a fall below the $42,400 support level could see Bitcoin fall to $40,700.</p>
 <p><i>“On the flip side, a rebound from here might set the stage for an upswing toward $44,400.”</i></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCRGTQLXUAAk2Zi?format=jpg&amp;name=small" alt="Image" width="679" height="442">
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   Source: Ali/X
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 <p>Bitcoin is trading at $43,069 at time of writing.</p>
 <p>Next up is decentralized virtual reality network The Sandbox (SAND). The crypto trader and analyst says that SAND’s user metrics are signaling a potential uptrend.</p>
 <p><i>“In the last 24 hours, there’s been a marked increase in SAND transactions over $100,000. This uptick indicates rising interest from institutional players and whales in SAND, often a precursor to notable price spikes.”</i></p>
 <figure style="width: 100%" class="wp-caption aligncenter"><img loading="lazy" decoding="async" class="css-9pa8cd" draggable="true" src="https://thebittimes.com/image/getimage/?url=https://pbs.twimg.com/media/GCR49NqXMAAH9ei?format=jpg&amp;name=small" alt="Image" width="680" height="596">
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   Source: Ali/X
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 <p>SAND is trading at $0.605 at time of writing.</p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/large-cap-ethereum-based-altcoin-on-the-verge-of-a-breakout-could-explode-by-over-60-according-to-trader-tbt75003.html">https://thebittimes.com/large-cap-ethereum-based-altcoin-on-the-verge-of-a-breakout-could-explode-by-over-60-according-to-trader-tbt75003.html</a></p>

Large-Cap Ethereum-Based Altcoin on the ‘Verge of a Breakout,’ Could Explode by Over 60%, According to Trader

TheBitTimes

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