MARKET UPDATE: Bullish Trends Emerge for DOGE, MATIC, GALA, and XLM

Even though Bitcoin and Ethereum are barely moving in the recent days, several coins are showing promising setups.

DOGE, for instance, is gearing up for a rally, with a potential rise to 0.093. The breakout level of the main downtrend from its historical high is at 0.08, indicating a bullish trend.

MATIC is another coin to watch, with its price still bullish on the higher timeframe. The recent upside break on the 4hr timeframe confirms the bullish order flow, suggesting a rally to the upside. The targets are 0.8257 and 0.8916.

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In a similar vein, MATIC is showing signs of a bullish breakout from the Rising Wedge pattern and above $0.75 resistance. This could signal a potential trend reversal with an upside to $1.00. However, $1.00 is a stiff resistance as it lines up with the 200-day moving average. If it clears that level, it would confirm the resumption of the uptrend.

Gala, on the other hand, has some considerable resistance at 0.03 and 0.044. If the downward leg is considered as wave 2, then .618 is .038.

Lastly, XLM is moving to find support above 20ยข. The more bullish Stellar looks, the more bullish Stellar is.

In conclusion, the crypto market is showing signs of bullish trends across several coins. As always, investors are advised to do their due diligence and invest wisely.”

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CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com

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Torsten Hartmann
Torsten Hartmann

Torsten Hartmann has been an editor in the CaptainAltcoin team since August 2017. He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism. Since 2017, he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.

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