Ethereum

Bitcoin

Polygon

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-surge-for-ethereum-layer-2-altcoin-and-highlights-key-levels/" data-wpel-link="internal">Analyst Predicts Surge for Ethereum Layer-2 Altcoin and Highlights Key Levels</a> 
<a href="https://en.coin-turk.com/crypto-analyst-warns-of-potential-corrections-amidst-rising-prices/" data-wpel-link="internal">Crypto</a> analyst and investor Ali Martinez expressed his bullish expectations for a leading Ethereum Layer-2 altcoin, highlighting critical levels for Polygon (MATIC). 
<h2 id="polygon-s-price-breakout">Polygon’s Price Breakout</h2> 
Crypto expert Ali Martinez informed his <a href="https://newslinker.co/category/social-media/" data-wpel-link="exclude">social media</a> followers that if Polygon (MATIC) surpasses a significant resistance level, it could rise about 65% from its current level to reach a price of $1.73. According to Martinez, the popular altcoin Polygon might be on the verge of breaking out from a symmetrical triangle that started forming in 2022. Symmetrical triangles can indicate an upward or downward trend, with a breakout towards the upper trend line suggesting an uptrend and a breakdown indicating a downtrend. 
At the time of writing, Polygon was trading at $1.05. The expert analyst then discussed the leading cryptocurrency, <a href="https://en.coin-turk.com/bitcoins-ride-of-uncertainty-peaks-drops-and-whale-interests/" data-wpel-link="internal">Bitcoin</a> (BTC), stating that its price was fluctuating within a parallel channel and that a fall below the $42,400 support level could lead to Bitcoin dropping to $40,700. The senior analyst stated: 
<blockquote> 
 On the other hand, a rebound from here could set the stage for a rise to $44,400. 
</blockquote> 
Bitcoin was trading at $43,069 at the time the article was written. 
<img loading="lazy" loading="lazy" decoding="async" class="size-full wp-image-295333 aligncenter" src="https://coin-turk.com/wp-content/uploads/2023/12/analist-6.jpg" alt="" width="680" height="442"> 
<h2 id="increase-in-sand-transactions">Increase in SAND Transactions</h2> 
Next, the crypto analyst examined the decentralized virtual reality network Sandbox (SAND), noting that the popular altcoin’s user metrics indicated a potential uptrend. He concluded his remarks by saying: 
<blockquote> 
 In the last 24 hours, there has been a significant increase in SAND transactions exceeding $100,000. This surge indicates growing interest from institutional players and whales in SAND, which is often a precursor to notable price increases. 
</blockquote> 
In conclusion, crypto analyst Ali Martinez forecasted a 65% rise for Polygon (MATIC), emphasizing a specific resistance level. Martinez indicated that the altcoin could receive a breakout signal from a symmetrical triangle formation, which could suggest an uptrend. Additionally, he mentioned that Bitcoin’s price was fluctuating in a parallel channel and that falling below certain support levels could lead to a depreciation in BTC’s value. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/analyst-predicts-surge-for-ethereum-layer-2-altcoin-and-highlights-key-levels/" data-wpel-link="internal">Analyst Predicts Surge for Ethereum Layer-2 Altcoin and Highlights Key Levels</a></h5>

Analyst Predicts Surge for Ethereum Layer-2 Altcoin and Highlights Key Levels

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