Cardano

2024

Polygon

Coin

<p>The post <a href="https://coinpedia.org/price-analysis/polygon-slips-back-below-1-while-cardano-binancecoin-lose-track-whats-next/" rel="noopener noreferrer nofollow">Polygon Slips Back Below $1, While Cardano &amp; BinanceCoin Lose Track: What’s Next?</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto markets are trembling at the moment as the star crypto, Bitcoin, continues to chop around $42,500. Meanwhile, the cryptos that had recorded huge gains in the recent past are struggling hard to sustain their gains. Hence, it appears that the markets may soon initiate a fresh reversal, which may push them towards a consolidated close for 2023.&nbsp;</p>
<p>Amid the current market conditions, some of the top altcoins like Polygon (MATIC), Cardano (ADA), &amp; Binance Coin (BNB) appear to be in a crucial phase.&nbsp;</p>
<h2 class="wp-block-heading" id="h-polygon-matic-price-analysis">Polygon (MATIC) Price Analysis</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/xU5WI8wky0jIr0Qbd9fWF8g7MJ8C3kGoUi9KXWF4mye9pZyDhL2U5cebNyzhiYsLPali0U_FvSih0SfYzMqiSa5p4D-SOAf4QyEm-x_cHEr5wqmWEfaR203Gpk2sTRHeCsLPOb5jD5G_wsNBtQUF3F8" 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> faces rejection after testing the upper resistance of the rising wedge, that suggests bearish action could be in play</li>
</ul>
<ul>
 <li>After recording huge volume in the recent past, the token continues to trade on a bearish note, hence poised to hit the lower support zone between $0.958 and $0.945</li>
</ul>
<ul>
 <li>As long as the markets maintain a choppy trend, the Polygon price is expected to trade just above the support zone and may trigger a breakout in the first few days of 2024</li>
</ul>
<h3 class="wp-block-heading" id="h-cardano-ada-price-analysis">Cardano (ADA) Price Analysis</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/HdKOu4bjmk8wQ74guG2hUJ2fRhbuQRc3k3452iYxHuUgWg60z-SKoIWI-2dhONwCnDzWnYiVG6uHM1skiXkxd2RVszRo4vq66R4iWdyI64st_X1JaTkxbZfqPqRHXvrBq-rPSZHvUk-MRcnHmSed8Y0" alt="">
</figure>
<ul>
 <li>Ever since the <a href="https://coinpedia.org/price-prediction/cardano-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Cardano price</a> rose beyond the consolidation in the first week of December, the trend has shifted in a bullish direction within a symmetrical triangle</li>
</ul>
<ul>
 <li>After the ADA price faced rejection from the upper resistance, the price plunged to test the lower support</li>
</ul>
<ul>
 <li>As the Bolinger bands are closer to going parallel, the choppy trend may prevail and eventually reach the apex of the triangle, followed by a breakout towards upper targets.</li>
</ul>
<h3 class="wp-block-heading" id="h-binancecoin-bnb-price-analysis">BinanceCoin (BNB) Price Analysis</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/-Cf_fvVkbUAQHFEddPafrV5tRq7Zlostfo2Pq57jpW4S3KgNmnj3r4mvXhIDZtB77NBGtt81V3jAUzpmLxoEGZy525k4_SQWzyyD7nrbIhRVR6ck5ajc2rqsyHtJYkLrMciK65AiSjB1x17Xu_TMOvo" alt="">
</figure>
<ul>
 <li>After breaking above the descending triangle in the first few days of the week, the <a href="https://coinpedia.org/price-prediction/bnb-binance-coin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">BinanceCoin price</a> surged high, aiming to test the upper resistance</li>
</ul>
<ul>
 <li>However, the RSI is testing the upper levels and displays the possibility of a minor pullback. This suggests that the price may hover within the zone for a while and trigger further price action</li>
</ul>
<ul>
 <li>The volume is on a constant rise, which suggests the BNB price remains within the bullish zone and further triggers a healthy upswing above $400 soon</li>
</ul>

Polygon Slips Back Below $1, While Cardano & BinanceCoin Lose Track: What’s Next?

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