Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase
- Pentoshi, a pseudonymous expert, informs that Polygon (MATIC) appears bullish and could be preparing for a rise toward a key resistance level.
- According to the crypto analyst, Avalanche is on track for a 36% increase, with the coin presently trading above $20.
An expert who predicted the end of Bitcoin’s (BTC) bull market last year is forecasting gains for Polygon (MATIC), a blockchain scaling solution, and Avalanche, a smart contract platform (AVAX).
Pentoshi, a pseudonymous expert, informs that MATIC appears bullish and could be preparing for a rise toward a key resistance level.
This one the most important and historical spot on the chart is $1.30. Think that is a great place to focus on the next major move. If able to close three-day [chart]+ above that, then we go into the previous range. Reject and back to the local lows shown.
At the time of writing, MATIC is trading at $1.18, flat on the day.
AVAX, a competitor to Ethereum (ETH), comes next. According to the crypto analyst, Avalanche is on track for a 36% increase, with the coin presently trading above $20.
So Amazon comes to crypto, partners with AVAX and then announces an NFT [non-fungible token] initiative, (but not confirmed if with Avax). They are making moves. Think this can run to $28 in the next month or so. Chart looks great but has to flip that $20 area imo.
Amazon reportedly collaborated with AVAX creator Ava Labs earlier this month in a bid to accelerate blockchain adoption across several industries.
Pentoshi is also keeping a watch on Ethereum, which he believes is preparing for a surge in its Bitcoin pair (ETH/BTC). According to his Tweet, Think ETH / BTC gets a little relief soon.
According to the Pentoshi chart, ETH/BTC is expected to rise to roughly 0.072 BTC ($1,677). At the time of writing, the pair is trading for 0.068934 BTC ($1,605).
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