Crypto Market Recovery: FTT, TON, and MATIC Among the Best Cryptos to Buy Now
The crypto space is bouncing back after the Binance incident, and tokens like FTX Token (FTT), Toncoin (TON), and Polygon (MATIC) are showing promise as some of the best cryptos to buy in November.
FTX Token (FTT)
FTT, the native cryptocurrency of the FTX exchange, has experienced a recent surge of over 20% in trading volume. This increase is attributed to speculation about the possible revival of the defunct cryptocurrency exchange. However, FTT is still 94% below its all-time high.
Toncoin (TON)
Toncoin has partnered with various firms to expand its ecosystem, including collaborations with Metaverse and Gamefi firm Animoca Brands. Additionally, funding from MEXC ventures has contributed to a more than 3% increase in TON’s value. The cryptocurrency has also jumped to #12 in the rankings.
Polygon (MATIC)
Polygon has seen a surge of 300% in daily transactions, thanks to ongoing developments and recent partnerships. This increase in activity has solidified its position as a promising cryptocurrency.
FTX Token (FTT) Price Prediction
FTT currently shows support at $2.92 and resistance at $4.76, with a breached declining pattern indicating a potential reversal. Traders should monitor the price action around the local support level and be cautious of overbought RSI levels.
At the time of publication, FTT was trading at $4.22 with a 24-hour trading volume of $233,061,048.79.
Toncoin (TON) Price Prediction
Toncoin is in an uptrend pattern, with resistance at $2.70 and support at $2.31. A breakout above the resistance level could lead to a significant upward movement, while a breach of support may result in a downturn. The RSI suggests moderate strength in the current trend.
As of now, Toncoin is priced at $2.46, indicating positive momentum.
Polygon Price Prediction
Polygon is currently consolidating, with resistance at $0.92 and support at $0.72. A breakout above the resistance could drive the price towards $1, while a breakdown below support may lead to a decline towards $0.7. The RSI signals a bearish nature in the current trend.
MATIC is currently priced at $0.742211, reflecting a slight decline in the last 24 hours.
Hot Take: Opportunities for Investment
The crypto market is showing signs of recovery, and tokens like FTT, TON, and MATIC present potential opportunities for investment. However, it’s important to closely monitor price action, support and resistance levels, and indicators like the RSI to make informed decisions.
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