Ethereum

Arbitrum

Mantle

<ul class="news-points"> 
 <li>IMX might retrace to $3.40, while OP could extend its gains toward $5.</li> 
 <li>Buying pressure might validate ARB’s move to $3, and MNT could hit $0.81.</li> 
 <li>MATIC bulls might push for a 43% increase, which could send the price to $2.</li> 
</ul> 
The optimism about a potential Ethereum (ETH) ETF approval has fueled speculation that Layer 2 tokens could be ready to rally. According to Coin Edition’s assessment of the market, some of the tokens with this potential include <a href="https://coinedition.com/polygon-matic-makes-final-splash-can-matic-break-out-for-a-1-73-rally/">Polygon (MATIC)</a>, Immutable (IMX), and <a href="https://coinedition.com/optimism-op-price-prediction/">Optimism (OP)</a>. Others include <a href="https://coinedition.com/arbitrum-arb-price-prediction/">Arbitrum (ARB)</a> and Mantle (MNT). 
<h3 class="wp-block-heading" id="h-matic-usd"><a></a>MATIC/USD</h3> 
From the 4-hour MATIC/USD chart, the token had attempted to hit $1.05. However, the resistance at $1.03 ensured that the effort was futile. But bulls have capitalized on the drop to $0.92 by pushing MATIC back to $0.97. 
If the price breaks through the $1 psychological level, a massive breakout could be next. Indications from the 4.23 Fibonacci level showed that the token could extend toward $1.40. Should bulls keep up with the buying momentum displayed by the RSI, then a 43% increase could be possible. 
But if the buying pressure slows down, MATIC might consolidate between $0.90 and $0.95. Howev…
The post <a href="https://coinedition.com/ethereum-layer-2-tokens-poised-for-pump-here-are-the-targets/">Ethereum Layer 2 Tokens Poised for Pump? Here Are the Targets</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethereum Layer 2 Tokens Poised for Pump? Here Are the Targets

Table of Contents

Coin Edition

Other articles published on Feb 22, 2024

Over $22bn was laundered through cryptos in 2023, but that figure is still far below cash- Chaina...

Crypto Analyst, Dark Defender Gives Condition for XRP To Hit $2, NuggetRush Attracts Attention, E...

South Korean Crypto Tax Dodger Tracking System Collects Nearly $4.7M in Arrears

Binance Elevates Trading Experience: Introduces New Pairs and Enhances Trading Bots Services

d.light, Chapel Hill Denham announce $7.4m fund for off-grid solar expansion in Nigeria

The Ultimate List of the 5 Best Crypto Presale Tokens of February 2024

Join our free newsletter for daily crypto updates!