← Go back Dec 12, 2023
Cryptocurrency analyst and trader Ali Martinez recently discussed various cryptocurrencies without using direct quotes. He highlighted Polygon ( ) as a potential performer, suggesting it could surge by nearly 65% to reach $1.73 if it breaks a crucial resistance level. Martinez also pointed out Polygon’s symmetrical triangle formation, indicating that such patterns can result in bullish or bearish movements based on the breakout direction. Martinez also addressed Bitcoin ( ), noting its current position within a parallel channel. He warned that a drop below the $42,400 support might lead to a decline to $40,700, while a rebound could propel it toward $44,400. Additionally, Martinez mentioned The Sandbox ( ), a decentralized virtual reality network, observing a rise in transactions above $100,000 in the last 24 hours. He suggested that this surge indicated growing interest from institutional investors and larger holders, often preceding significant price movements.
Read more: coinspress
