Altcoin
Market Drop Is Just a Moment: Experts Predict a “Green August” for Altcoins
The cryptocurrency market’s recent downturn may not last long, analysts say. Experts suggest that this temporary dip could pave the way for a strong recovery in August, with several altcoins poised for significant gains. This article reveals which altcoins are set to shine and why a bullish trend could be on the horizon.
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Polygon (MATIC) Faces Downside Pressure But Eyes Potential Bounce Opportunities
Polygon (MATIC) is currently trading between $0.47 and $0.55. Bulls look weak while bears are pushing forward with recent price declines of over 2% in the past week and over 5% in the past month. Despite a 6-month decline of nearly 34%, MATIC’s relative strength index is sitting near a neutral 52, suggesting balanced buying and selling pressure. The immediate resistance is at $0.59 and a stronger barrier is at $0.67; clearing these could push the price up by around 20%. However, if the price drops to the nearest support at $0.44, it could face further declines. The upside potential of the coin depends on the breakout of these resistance levels.
Notcoin (NOT) Shows Bearish Trend Amid Mild Price Declines
Notcoin (NOT) is trading between $0.0115 and $0.0158, suggesting weak bullish action. The coin’s nearest resistance is at $0.0184, with support at $0.0097. It is also below its 10-day and 100-day moving averages, indicating potential downside pressure. The Relative Strength Index (RSI) at around 47 reflects a neutral sentiment, while the MACD is showing a slight negative bias. Over the past week, NOT has declined by 19.06%, although its six-month growth stands at over 500%. If the bulls step up, NOT could test the $0.0184 resistance level, a potential increase of around 40%. A breakout could push it towards $0.0227, representing a possible increase of nearly 80%.
Toncoin (TON) Struggles But Shows Growth Potential
Toncoin (TON) is currently trading between $6.31 and $7.07, reflecting a recent decline. The bulls look weak as the coin lost over 4% in the past week and 12% in the past month. However, it has gained an impressive 221% in the past six months. With a Relative Strength Index of around 53, the coin is neither overbought nor oversold, suggesting possible stability. If it breaks the nearest resistance at $7.52, it could rise to the next level at $8.28, which would be an 18% increase from the current high of its range. Watch for support around $6.01 to gauge the strength of the bears.
Conclusion
MATIC, NOT, and TON may have less potential in the short term. However, CYBRO stands out. It is one of the best DeFi platforms that offers unique investment benefits. AI-based yield aggregation on the Blast blockchain helps users maximize earnings. Features include staking rewards, exclusive airdrops, and cashback on purchases. Deposits and withdrawals are seamless and easy. CYBRO prioritizes transparency, compliance, and quality. This project has attracted strong interest from influential investors in the cryptocurrency space.