Cryptocurrency analyst and dealer Ali Martinez is expressing bullish sentiment on a number one Ethereum layer-2 altcoin.
Martinez tells his 37,900 followers on the X social media platform that Polygon (MATIC) may surge by almost 65% from the present degree and hit a worth of $1.73 if it breaks out of a key resistance degree.
In keeping with Martinez, Polygon is on the “verge of a breakout from a symmetrical triangle” that began forming in 2022. Symmetrical triangles can both be bullish or bearish – bullish when the worth breaks out to the higher trendline and bearish when the worth breaks all the way down to the decrease trendline.
Polygon is buying and selling at $1.05 at time of writing.
Subsequent up is Bitcoin (BTC). Martinez says that the worth of the flagship crypto asset is ranging inside a parallel channel and a fall under the $42,400 help degree may see Bitcoin fall to $40,700.
“On the flip aspect, a rebound from right here would possibly set the stage for an upswing towards $44,400.”
Bitcoin is buying and selling at $43,069 at time of writing.
Subsequent up is decentralized digital actuality community The Sandbox (SAND). The crypto dealer and analyst says that SAND’s person metrics are signaling a possible uptrend.
“Within the final 24 hours, there’s been a marked improve in SAND transactions over $100,000. This uptick signifies rising curiosity from institutional gamers and whales in SAND, typically a precursor to notable worth spikes.”
SAND is buying and selling at $0.605 at time of writing.
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