Polygon (MATIC) Shows Strong Upside Potential
A popular crypto analyst, known as Bluntz, believes that Ethereum scaling solution Polygon (MATIC) has a lot of potential. Bluntz shares that Polygon has shown a strong “immaculate vertical accumulation” over the weekend, demonstrating a bullish trend. He anticipates MATIC to surge to $1, with plenty of room for further growth, as it currently trades at $0.777.
Bitcoin, Ethereum, and Solana Forecasts
Bluntz is also optimistic about Bitcoin’s potential to rebound after observing a triangle pattern. He expects Bitcoin to trend upward, and at the time of writing, it is trading at $37,310, up over 2% in the last 24 hours.
Regarding Ethereum, Bluntz suggests that if Ethereum surpasses a crucial resistance level that has held for over a year, the second-largest cryptocurrency by market cap could witness a strong uptrend. At the time of writing, Ethereum is trading at $2,062.
Bluntz also updates his outlook on Solana (SOL), indicating that it is poised to hit a new 2023 high. He believes that SOL has completed an ABC correction and respected support at around $51 despite a potential breakdown from a head and shoulders reversal pattern. The current trading price is $57.96.
Hot Take: Conclusion
In conclusion, Bluntz is positive about the growth prospects for Polygon (MATIC) and is optimistic about Bitcoin’s, Ethereum’s, and Solana’s potential to trend upward based on technical analysis.
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