Polygon (MATIC), a trading system between moving average lines, uses the MATIC trades.

Polygon's price forecast: Bearish

Polygon's prices quickly remained the same after they fell below moving average lines in March. The cryptocurrency dropped from a previous high of $1.2 to a minimum of $0.91. Bulls have bought dips but price action is paused at $1.10.

It is currently trading below the 21-day SMA but above the 50-day SMA. If it continues to trend above the moving-averages, then the altcoin is likely to continue. Polygon was trading at $1.03 when this article was written.

If the price of cryptocurrency is above the SMA 21-day or $1.10 level, the positive trend will continue. MATIC will reach its previous high of $1.28. If the bulls do not break above the SMA 21-day, the current range of $0.91 to $1.1 will continue.

Analysis of the Polygon Indicator

The price bars for the cryptocurrency are located between the moving-average lines. The price tends to fluctuate around the moving average line. Doji candlesticks can slow down price movements. Moving average lines are inclined to move up, showing the previous trend.

Technical indicators

Resistance levels: $1.20 $1.30 $1.40

Support levels: $0.60, $0.40, $0.30

What's Next for Polygon?

Polygon has recovered from its prior decline. Resistance at $1.30 previously stopped the uptrend. Polygon's price has now retraced to a range between $0.91 and $1.10. If the cryptocurrency price breaks through this barrier, the altcoin is likely to perform well.

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as a endorsement by CryptoGuestPosts.com. Before investing in funds, readers should conduct their own research.

These altcoins have all surpassed their respective resistances and entered the bull market. CryptoGuestPosts has analysed the top 5 performers from the previous week.

The positive trend continues unabated. Take a look at some of these cryptocurrencies.

Fantom

Fantom's (FTM) price is rising after recovering from its previous fall. FTM dropped to the bottom chart before rising above the $0.17 resistance. The cryptocurrency's price has broken through the moving average line and reached a new high of $1.16. The altcoin is expected to reach a high of around $3.68 before its downward trend can be reversed. FTM will reach the next level of resistance at $1.64 after it has broken through the $1.20 barrier.

The coin is best for its performance and has the following features.

Current price: $1.17

Market Capitalization: $3.700.886,994

Trading volume: $880,986,322

7-day gain: 56.81%

Ondo

Ondo (ONDO), the altcoin, is currently on an upswing following its break through of resistance at $0.30. After the breakout, Ondo (ONDO) is now in a bullish market. ONDO initially rose to a peak of $0.66, before falling. The altcoin fluctuated and fell below the resistance of $0.60. On March 12, altcoins were rejected at their recent highs, stopping the slide over the 50-day SMA.

Today, the altcoin gained its positive momentum again and broke through the resistance of $0.60. ONDO now trades at $0.72 following the recent price increase. The current price rise will soon encounter another obstacle at $0.80.

Ondo, the second most valuable coin has the following features:

Current price: $0.743

Market capitalization of $7,429 517 417

Trading volume: $284,202,092

7-day gain: 42.15%

Stacks

Stacks (STX), a cryptocurrency, is on an upward trend and has surpassed the resistance level of $2.49. The cryptocurrency is now fully recovered after its recent downturn. It has resumed its upward trend. STX has entered a bullish market. Altcoin's value is now $3.52. STX will continue its upward trend, but is currently bouncing under the $3.70 barrier. Price movement was marked by doji candles, which slow down the upward trend.

STX is the third-best performing cryptocurrency.

Current price: $3.37

Market capitalization: $ 6,119,717 369

Trading volume: $477,542,385

7-day gain: 28.86%

Jupiter

Jupiter (JUP), a brand new altcoin, is currently trading in a bullish market after it broke through the $0.75 overhead threshold. The cryptocurrency reached a peak of $1.60, before retracing. JUP has recovered above $1.11, and is currently fluctuating under resistance at $1.40.

If bulls are able to break the recent high then the market could reach a new high of $2.25. The altcoin is still in a positive trend, trading above its 21-day SMA resistance and the $1.40 mark. JUP is worth $1.20 at the moment.

JUP is the fourth most popular altcoin and has the following features.

Current price: $1.21

Market capitalization $12,025,115,151

Trading volume: $255,900,584

7-day gain: 28.40%

Suiprenez-vous?

Sui's (SUI) price is on an upward trend and is trading in a bullish market after it broke above the overhead resistance of $1.70. Altcoins have continued to rise, but remain trapped at $2.00. On February 14, the current rise was stopped and SUI has started a horizontal pattern. SUI trades between $1.30 to $2.00. The altcoin rally will continue if the $2.00 level of resistance is breached.

SUI is the fifth most successful cryptocurrency. It offers the following benefits:

Current price: $1.75

Market capitalization:$17.535.184.047

Trading volume: $521,870,459

7-day gain: 27.32%

Disclaimer. This analysis and forecast is the personal opinion of the author. It does not constitute a recommendation for the purchase or sale of cryptocurrency, and should not therefore be considered as an endorsement from CryptoGuestPosts. Before investing in funds, readers should conduct their own research.