The current Solana and Polygon Price Prediction 2022 is the blockchain revolution that has promised cryptocurrency investors privacy and secrecy. They felt that this scientific algorithm was strong enough to safeguard their transactions.
Let’s Check the Technical Movement of Solana and Polygon:
Solana Price Prediction 2022
The next support zone for Solana is priced at $80. Because market circumstances are now unfavorable, the price may fall to this level of support. Even the RSI is feeble, falling below the 30 thresholds.
Solana’s price has developed a support zone between $100 and $125. However, this zone was breached overnight, causing experts to be bearish on the Solana price in the short and long term. Technical analysts believe that the price will fall considerably more soon to make up for the previous bull run’s significant climb.
If SOL reaches $80, it will have seen a 69 percent correction (from the all-time high). Such precipitous decreases are common in cryptocurrency bear markets, so a dip of approximately $80 is not out of the question. [wpdiscuz-feedback id=”ybr2t6b59f” question=”Please leave a feedback on this” opened=”0″][/wpdiscuz-feedback]
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Polygon Price Prediction 2022
Polygon’s MATIC is one of the top 20 performing cryptocurrencies. Although the Polygon network was just updated, no such favorable signal was noticed in MATIC pricing.
MATIC was trading in a parallel channel, and it fell out of the red zone yesterday, shattering its support at $1.72. The Relative Strength Index (RSI) is near 40, signaling a severe sell-off.
Is there any prospect of a comeback?
MATIC was trading at around $1.5 at the time of writing. It has also fallen below its 200-day moving average, indicating that a sell-off is imminent.
Polygon (MATIC) was by far the best-performing cryptocurrency in 2021. However, due to this year’s crypto collapse, it has plummeted in pace with other coins. The currency had lost nearly 15% of its value in less than 24 hours at the time of publication.
This was a huge surprise because MATIC was on the increase and had reversed some of the losses reported at the start of the year. More crucially, the euro has fallen below its 200-day moving average and is almost at its 50-day moving average, suggesting that the downward trend may continue.
If MATIC closes below $1.66, its price may fall below $1.35 in the next few days.
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