Polygon (MATIC) Buyers Find Hope as Price Holds Steady
If you’re a Polygon (MATIC) buyer, there’s reason to be hopeful. Despite declining to the $0.50 support level, MATIC has managed to maintain its ground in a consolidation phase that began in June 2023. The price is currently at $0.51, reflecting a 0.4% increase over the past 24 hours.
The bears have been driving the price down from the $1.55 supply zone to the $0.50 support level. However, this support zone has remained strong despite their efforts. MATIC could potentially explode in an upward trend as it continues its consolidation phase.
Analysis Points Towards Downward Pressure on MATIC’s Price
Looking at the chart, it’s clear that the 50-day and 200-day moving averages are above the current price at $0.53 and $0.75, respectively. This indicates that market trends favor downward pressure on MATIC’s price. Overcoming these moving averages will be a significant challenge for bullish momentum.
The Relative Strength Index (RSI) is currently below the neutral zone at 42, signaling a potential surge. However, the bulls need to push the RSI above 50 to confirm a bullish trend reversal. If successful, MATIC could reach the $1 mark, resulting in a 52% increase and allowing for the recoup of short-term losses. Keep an eye on the critical level of $0.63.
If the bears continue their resistance, a candlestick opening below the $0.50 support could lower the price to the $0.32 support zone.
TG.Casino Emerges as an Alternative for MATIC Investors
For MATIC investors looking for an alternative, TG.Casino (TGC) presents an enticing opportunity. The token’s presale phase is nearing its conclusion and has attracted numerous investors through its website. The project has already secured an impressive $869,303, reaching 86.93% of its $1 million goal with less than $200,000 remaining.
TG.Casino offers a range of incentives for users. Investors can stake their acquired TGC tokens and earn an annual percentage yield (APY) of up to 583.12%. Currently, 6.7 million tokens are staked, representing 79.54%, with 1.55 million rewards already paid.
YouTuber Cilinix Crypto Optimistic About TG.Casino
In one of his videos, YouTuber Cilinix Crypto expresses his optimism about TG.Casino. He participated in the presale and views it as a transformative force in the realm of Web 3. He predicts ongoing increases in the presale price even after the project’s official launch.
Last Chance to Buy TGC Tokens Quickly
The presale for TGC tokens is quickly selling out, offering a limited chance for investors to join this promising project. The token supply is divided strategically: 40% for the presale, 20% for staking, 10% for marketing, and 20% for liquidity pools. Players using TGC tokens also enjoy a 25% cashback on net betting losses.
The project has implemented a buyback system where 40% of acquired tokens will be burned and the remaining 60% will be used to reward investors.
To participate in the presale, visit the TG.Casino website and connect your Web3 wallet to buy TGC tokens using ETH or USDT.
Hot Take: Keep an Eye on MATIC’s Consolidation Phase and TG.Casino’s Potential
As MATIC continues its consolidation phase, there is hope for buyers as the price holds steady. However, overcoming key moving averages and pushing the RSI above 50 will be crucial for a bullish trend reversal. Meanwhile, TG.Casino presents an appealing alternative for MATIC investors, with its presale phase nearing its conclusion and significant investor interest. With enticing incentives and optimistic predictions, TG.Casino could be a promising project to watch in the crypto space.
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