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News

Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

January 29, 2023 - Around 2 mins mins to read

Key Points:

  • 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).
Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

Pentoshi, a pseudonymous expert, informs that MATIC appears bullish and could be preparing for a rise toward a key resistance level.

https://twitter.com/Pentosh1/status/1619144983927468034

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.

Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

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.

https://twitter.com/Pentosh1/status/1619062299846922240

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.

Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

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).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

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Author

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.
News

Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

Key Points:

  • 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).
Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

Pentoshi, a pseudonymous expert, informs that MATIC appears bullish and could be preparing for a rise toward a key resistance level.

https://twitter.com/Pentosh1/status/1619144983927468034

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.

Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

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.

https://twitter.com/Pentosh1/status/1619062299846922240

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.

Polygon Predicted To Rally As Avalanche Is On Track For A 35% Increase

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).

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Join us to keep track of news: https://linktr.ee/coincu

Thana

Coincu News

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