Bitcoin

Fantom

Polygon

<p>The post <a href="https://coinpedia.org/price-analysis/these-cryptos-below-1-may-be-the-best-buy-before-the-markets-flip-from-the-bearish-well/" rel="noopener noreferrer nofollow">These Cryptos Below $1 May Be the Best Buy Before the Markets Flip From the Bearish Well</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The crypto markets are undergoing a roller coaster ride, with the <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> forming lows below $60,800 and also rebounding to reach highs above $64,300. Although the volume remained relatively low, the bears influenced the rally only for a few hours.&nbsp;</p>
<p>This enabled significant price action, which triggered a strong recovery in no time. In the meantime, some of the popular altcoins that are priced below $1 appear to be more promising as they tend to go along with the next bullish spell.&nbsp;</p>
<h2 class="wp-block-heading" id="h-polygon-matic-nbsp">Polygon (MATIC)&nbsp;</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/INgVvbJkTSjvYyjChxf9ZbQniJ3uaLVOTokEWm33neIrl1WCkMAvRzYx-OHlWKa3jcD6N782Sx0SvV4F6vKQrcLjbESXSwI7HXZgGiR3n3EcNdNThgAUgPqgOg73SKpI17eelyx03yQOlo555Ux2-8w" alt="">
</figure>
<ul>
 <li>The Polygon price broke above the decisive symmetrical triangle just before reaching the apex, which suggests a bearish pullback could materialise</li>
</ul>
<ul>
 <li>After marking the yearly high above $1.2, the price faced a pullback and began to consolidate, which suggests the traders could be waiting for the token to enter the triangle</li>
</ul>
<ul>
 <li>However, the buyers are utilizing all their strength to defend the lower support and the technicals also appear to be in their favour</li>
</ul>
<ul>
 <li>The DMI appears to have entered a bearish trap but the ADX maintains an ascending trend, suggesting that strength prevails within the rally</li>
</ul>
<ul>
 <li>Therefore, MATIC price appears to be pre-programmed to reach $1 any time from now, while the upper targets for the month remain around $1.5</li>
</ul>
<h3 class="wp-block-heading" id="h-fantom-ftm-nbsp">Fantom (FTM)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-us.googleusercontent.com/1CRBYXFLr7H7r63He7h9KvpMF8Qk5PzuaPAZjd-QOWREvenEbP8GjabKc86dHk_Bq17ZdRlzGiLCP8HLfqxuDkpyQVrSrWBKfHhxIRB46v8wFcrVuryCXZXTn5ByhbuREJvtHVabnClk-BmkHY9kX7Q" alt="">
</figure>
<ul>
 <li>The <a href="https://coinpedia.org/price-prediction/fantom-ftm-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Fantom price</a> has been trading within a rising wedge ever since the rally flipped from the 2023 lows</li>
</ul>
<ul>
 <li>By rising by more than 400%, the FTM price has reached the upper resistance of the wedge, which may indicate a rejection</li>
</ul>
<ul>
 <li>The RSI has surpassed the upper threshold, which indicates the price has reached the local highs and may fall into a correction very soon</li>
</ul>
<ul>
 <li>On the other hand, the MACD is bullish as it has raised within the bullish range for the first time since early 2023 and is believed to remain bullish for a certain period</li>
</ul>
<ul>
 <li>Therefore, FTM price is expected to maintain a healthy upswing, reclaim $1 shortly and head towards the higher target at $2</li>
</ul>

These Cryptos Below $1 May Be the Best Buy Before the Markets Flip From the Bearish Well

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