
Last Chance to Grab Polygon? Analyst Says MATIC Could Rally Past $1 Soon - Polygon (MATIC) has recently seen a mild price dip after what initially looked like a strong breakout past the $0.20 mark. While some might interpret this pullback as a sign of weakness, others see it as a healthy correction that could pave the way for a fresh bullish move.
From a broader perspective, Polygon's price structure remains positive, especially on higher timeframes. The token recently bounced off the lower boundary of a long-term downward channel—an encouraging sign for bullish traders. A respected crypto analyst now suggests that Polygon may be gearing up for a powerful rally, possibly pushing the price back above $1.
Technical analyst MasterAnanda on TradingView has pointed out a significant bullish divergence forming on the 3-day chart for the POL/USDT pair. While prices fell to a new low on April 7, 2025, the Relative Strength Index (RSI) had already bottomed months earlier, in July 2024, and has since been climbing steadily.
This kind of divergence—where momentum improves while price continues to drop—often signals that the current downtrend is losing momentum. Adding fuel to the fire is the growing trading volume and renewed bullish sentiment across the crypto market in general.
Looking closely at the recent chart action, Polygon rebounded after its April 7 low, reaching as high as $0.267 by April 22 before meeting resistance. The subsequent price drop formed two red candles, which analysts believe could be a routine retest of the descending channel’s upper boundary—a technical move that often precedes a breakout.
MasterAnanda believes this setup is primed for a strong upward move, and that a successful bounce from this support area could launch a sustained climb toward the $1 range.
Last Chance to Grab Polygon? Analyst Says MATIC Could Rally Past $1 Soon
According to the analyst, this could be a limited-time opportunity for investors. “The market is giving us one last chance to buy all we want before massive growth,” MasterAnanda stated. The RSI is currently hovering in the mid-40s, leaving room for a surge into the overbought 70+ territory—should the bullish momentum continue.
The analyst’s price forecast puts MATIC back above the $1 level, targeting $1.15 as a potential peak for this move. This projection is based on the 1.618 Fibonacci extension level measured from the April 7 low. Along the way, key resistance levels around $0.461 and $0.534—corresponding to the 0.5 and 0.618 Fibonacci extensions—could act as temporary consolidation zones before a larger breakout.
As of now, Polygon is trading around $0.2420. If the current bullish signals hold, the next few weeks could be pivotal for MATIC holders.
Related Reading : https://www.topcoinindex.com/id/news/has-dogecoin-finished-its-correction-signs-point-to-a-potential-rally-ahead
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02 May 2025
Has Dogecoin Finished Its Correction? Signs Point to a Potential Rally Ahead - The broader crypto market has seen a dip in bullish momentum, and Dogecoin hasn’t been immune—dropping to around $0.168 by the end of Wednesday. While DOGE is currently facing challenges in maintaining its recent upward trend, several technical indicators hint that a reversal to the upside could be on the horizon.
Dogecoin appears to have completed a significant phase of price correction. According to technical analyst Trader Tardigrade, the coin may be setting the stage for a renewed rally. His analysis, shared on social platform X, suggests that DOGE has established a strong support base, signaling the potential end of its pullback.
Looking at recent price behavior, DOGE has consistently found footing at prior swing highs. A recent bounce from a key support level toward a previous local high indicates the asset’s underlying strength, despite a brief slowdown in upward momentum.
On the 3-day chart, Tardigrade observes that Dogecoin’s recovery pattern resembles previous setups that led to major price surges. If history repeats itself, he predicts a strong move upward, possibly setting a new all-time high sometime in 2025.
Tardigrade further notes that Dogecoin seems to be exiting its consolidation or corrective phase, entering a recovery trend. If sustained, this shift could lay the groundwork for a substantial price rally.
Previously, when DOGE transitioned into a recovery phase, it followed a Rising Wedge pattern, which preceded a notable rally. After this phase, it moved into a period of sideways trading within a Parallel Channel. Interestingly, a similar pattern is now appearing on the 4-hour chart—potentially signaling that another upward breakout is near. If that plays out, DOGE could revisit the $0.225 range in the short term.
Has Dogecoin Finished Its Correction? Signs Point to a Potential Rally Ahead
Adding to the bullish case, another analyst known as Crypto Bullet has identified what he calls a “Textbook Accumulation Cylinder” forming on the 3-day chart. This chart pattern suggests that Dogecoin may be gearing up for a substantial run in the current cycle.
According to this analysis, if the pattern plays out, DOGE could soar above $3.20 before entering a correction to around $1.20. A bounce back to $2 might follow before a broader market downturn potentially pulls it back toward $0.17 by late 2026.
Crypto Bullet isn’t certain what might act as the main catalyst for this dramatic price action, but hints that a shift in Bitcoin dominance could contribute to the move. He teases that “something interesting is coming,” suggesting a big change may be brewing for DOGE.
Related Reading : https://www.topcoinindex.com/id/news/chainlink-link-eyes-major-breakout-targets-set-up-to-45
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02 May 2025
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02 May 2025
Chainlink (LINK) Eyes Major Breakout, Targets Set Up to $45 - (LINK) is starting to grab the spotlight as technical indicators and market trends hint at a potential breakout in the near future.
Recent market assessments highlight that LINK is displaying bullish behavior across several timeframes, fueling optimism among traders and analysts alike. With key resistance levels coming into play, the token may be gearing up for a significant upward move.
On shorter timeframes, LINK appears to be forming a traditional "cup and handle" pattern — a bullish formation often seen during periods of consolidation that typically signals a continuation of upward momentum.
As Chainlink approached the critical resistance range of $15.30 to $15.50, it faced temporary rejection, noted crypto analyst AMCryptoAlex. He expects a revisit to the $13.80–$14.00 support zone before the next potential leg up.
If LINK manages to bounce back above $14, this could validate the pattern and set the stage for a climb toward the $18–$19 range — in line with projections based on the cup and handle structure.
Market researchers are paying close attention to the $14 support level, which could serve as a launchpad for further gains. A sustained move above this level would likely strengthen the bullish case.
Another layer of bullish analysis comes from Elliott Wave theory. According to analyst cryptclay, Chainlink is currently progressing through the fifth wave of a bullish cycle — the final wave in a five-part upward impulse.
Based on this theory, LINK has already completed waves I through IV and is now entering wave V, with a potential breakout target around the $40 mark. Along the way, the price is expected to test the $28–$32 resistance band — a historically significant zone that previously acted as a barrier to upward momentum.
Cryptclay’s analysis pinpoints $31.85 and $45.50 as possible future price milestones if LINK can break through the existing resistance.
Chainlink (LINK) Eyes Major Breakout, Targets Set Up to $45
Adding to the positive sentiment, data from Binance reveals that top traders have been steadily increasing their long positions in LINK. Over the past week, the proportion of long trades by high-tier traders rose sharply — jumping from 56.92% to over 64.85%.
This shift in trader behavior reflects growing confidence in LINK's price prospects. The long/short ratio also shows a consistent tilt toward long positions, suggesting that a majority of traders are betting on upward momentum.
Analysts believe this accumulation phase indicates strong investor conviction, which could help fuel a more significant rally if buying pressure continues to build.
As Chainlink navigates its next moves, several key price levels will be critical in determining its trajectory:
Support Zone: $13.80–$14.00 remains a vital support range. A successful retest and rebound here would be a positive signal for bulls.
Immediate Resistance: The $15.30–$15.50 level is the first major resistance that needs to be cleared. A solid breakout above this with volume could propel LINK toward $18–$19.
Upper Resistance Zones: Based on Elliott Wave projections, the next targets lie at $31.85 and potentially as high as $45.50.
Long-Term Support: Historically, LINK has held strong within the $5.50–$8.50 range during market corrections, providing a solid foundation for long-term growth.
With bullish technical patterns forming, growing trader optimism, and solid historical support, Chainlink appears poised for a potential breakout. While a few resistance levels stand in the way, a decisive move above them could mark the beginning of a powerful rally — possibly taking LINK into the $40+ territory in the coming months.
Realated Reading : https://www.topcoinindex.com/id/news/ethereum-eyes-2000-breakout-as-on-chain-activity-heats-up-is-a-major-rally-brewing
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30 April 2025
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