Polygon (MATIC) is observing a bullish reversal pattern which can hint towards a major rally if it proves to be a success. The whale transaction volume for the crypto took a hit and has fallen towards monthly lows. The macro bullish outlook can be invalidated, however, if MATIC slips under its stop-loss at a value of $0.70.
But it’s not the only crypto to experience major activity. Pullix (PLX) could soon also see a major price breakout, fueled by the success of its crypto ICO. We will jump into the price performance of both cryptocurrencies to see how far they can rise and determine which is the best cryptocurrency to invest in.
What you'll learn 👉
Polygon (MATIC) Is in a State of Recovery – Is a Value Above $1 Possible?
Polygon (MATIC) is going over a rounding bottom pattern, which is a bullish reversal pattern. This is observed when the price declines meet with the heavy volumes. Historically, it’s been followed by a slump during which the Polygon crypto marks a low in terms of price and trading volume. Yet, this can result in a price recovery, where high trading volumes come back.
In the case of the Polygon price, this descent began in May of 2023, when MATIC hit a price low of $0.50. Since then, its in a state of recovery and retested the $0.95 price level as a support during the past week. As the crypto market corrected, MATIC then fell and is hovering at the $0.93 range. Its RSI is above the 50 lines, suggesting bullishness in the market. If the crypto breaks above the $0.95 range again, the Polygon price prediction indicates that it can surge to $1.42 by the end of Q4 2024.
Pullix (PLX) to Leave Competing Projects in the Dust With 100x Upswing
Pullix (PLX) is an upcoming platform that has already begun to make significant waves among Web3 circles. On top of the ecosystem, anyone will be able to utilize the best elements found in CEXs and DEXs while gaining massive liquidity. The platform will not require anyone to undergo tedious KYC procedures, and as a direct result, it will be accessible to anyone.
Investors can even trade far more quickly and efficiently, without worries about the fluctuations in pricing. There will also be a Copy Trader functionality where users are able to copy professionals and increase the performance of their portfolios.
🦎 It's official – Pullix is now listed on CoinGecko! 🚀
— Pullix (@Pullixmarkets) January 7, 2024
Link: https://t.co/L7cW3c1SJW
Make sure to head on over and add Pullix to your watchlists!
Like + Repost + Share a screenshot of $PLX on your watchlist below for a chance to win $100 in $PLX tokens!! 💸
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The platform will even support perpetual futures and CFDs and for added security, will feature a dedicated vault. Users can also retain full control over their private keys. They can even provide liquidity to the automated market makers and get fixed passive income.
The project is nearing the $4M mark as it raises over $3.6M, making it one of the most exciting new DeFi projects. During Stage 6, a single PLX crypto is offered at $0.08. At launch, analysts are expecting an upswing of 100x, making it the best cryptocurrency to invest in.
Summary
Polygon is making strides forward, and if it breaks past the major $0.95 price barrier again, a rally will shortly follow it. In the meantime, Pullix is appealing to whales and traders on a global scale due to its massive ecosystem and high-growth potential. With it set to rise again upon launch investors are bracing for a 10x return once successfully launched on Uniswap.
For more information regarding Pullix’s presale see links below:
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