A crypto analyst is predicting big things for Polygon (POL), an Ethereum scaling solution.
Polygon’s Potential
Ali Martinez, a popular crypto trader, believes POL could jump by a whopping 155% from its current price. He’s seeing a technical pattern on the weekly chart that suggests a bullish breakout. However, he warns that if the price falls below $0.34, a correction down to $0.19 is possible.
Bitcoin’s Uncertain Future
Martinez is less optimistic about Bitcoin (BTC). He says a technical indicator called the Tom DeMark Sequential suggests a bearish trend. Bitcoin needs to stay above $51,000 to avoid a drop to $40,600.
Solana’s Bounce Back
There’s good news for Solana (SOL) fans. Martinez says a different technical indicator suggests a potential rebound in the next few days.
Toncoin’s Crucial Support
Toncoin (TON) is facing a critical test. It needs to hold above $4.70 to avoid a major correction. If it falls below that level, Martinez predicts a 45% drop to $2.60.
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Always do your own research before making any investment decisions.
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