Polygon (MATIC) and Potential Shift in Market Dynamics
Polygon (MATIC) is showing an upward trend in price action, while traders are keeping an eye on PepeCoin (PEPE) and Everlodge (ELDG), indicating a possible change in market dynamics.
Polygon’s Bullish Outlook
According to an analyst, there is a potential head-and-shoulders pattern in the 4-hour chart of MATIC. A sustained candlestick close below the pattern’s neckline at $0.79 could trigger a 16% correction towards $0.67. However, if there is an upswing above the right shoulder at $0.86, it may lead to more demand. MATIC has been mostly bullish, with prices rising from $0.61 on Oct. 22 to $0.76 on Nov. 22. Analysts predict that the coin could reach $0.86 by December 2023.
PEPE’s Recent Move
The PepeCoin team has transferred 418 billion PEPE tokens to Binance Earn to reward Binance users through various campaigns in the coming months. PEPE is currently trading above the 21-day EMA and has seen an uptrend, rising from $0.00000074 to $0.0000010 since Oct. 22. Market analysts expect the token to retest $0.000001 by the end of 2023.
Everlodge (ELDG): The Potential Outshiner
Everlodge aims to become a leader in the real estate market by offering fractionalized ownership of luxury properties as NFTs through its marketplace. Investors are showing interest in buying ELDG during stage 7 of the ongoing presale. Everlodge provides a secondary market for NFTs, allowing traders to sell their fractionalized NFTs and realize profits. In the current presale stage, ELDG is available for $0.025, and analysts predict it could reach $0.038 by the end of the presale.
Hot Take: Exciting Prospects in Polygon, PepeCoin, and Everlodge
Polygon (MATIC), PepeCoin (PEPE), and Everlodge (ELDG) are all showing promising signs in their respective markets. With potential bullish trends and positive forecasts, these cryptocurrencies have captured the attention of traders and investors. If you’re interested in exploring these opportunities, make sure to conduct your own research and stay updated with the latest developments in each project.
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