Crypto Strategist Warns Solana (SOL), Polygon (MATIC) and One Additional Altcoin Primed for Pullbacks

A widely followed crypto analyst is predicting that three altcoins, including Solana (SOL) and Polygon (MATIC), appear poised for a corrective move after rallying from their 2022 lows. Pseudonymous crypto trader Altcoin Sherpa tells his 179,500 Twitter followers that he expects one indicator on the four-hour chart to act as a resistance that could send The post Crypto Strategist Warns Solana (SOL), Polygon (MATIC) and One Additional Altcoin Primed for Pullbacks appeared first on The Daily Hodl.

Timeline of Polygon, Solana

Solana has found good support at $37 and the price now appears in preparation to move higher. Key Support levels: $37 Key Resistance levels: $44 After a successful test of the key support at $37, Solana's price is ready to move higher and test the key resistance at $44.

Recently, Solana price analysis has been facing a lot of selling pressure and has dropped to $39.16. The market is currently in a bearish trend and may continue to decline in the near future.

Solana price gained a huge bullish momentum ever since the co-founder announced the plans of rolling out an SMS platform & Android phone. The price which had broken the falling wedge had broken out of the descending consolidation and rose high a week ago. However, the recent positive announcements did give the asset a larger …

For the past five weeks, the Solana (SOL) price has lowered under the influence of a descending trendline. However, on June 20th, the coin buyers gave a bullish breakout from his dynamic resistance, indicating a recovery opportunity for traders.

Solana's (SOL) parent company, Solana Labs has announced plans to launch an Android smartphone for the network. Solana Labs further revealed that the Web3-focused device would be ready early next year.

Solana announced the launch of Saga, a flagship web3 smartphone, as well as Solana Mobile Stack (SMS), an open-source Android framework for web3 development. But what do all these tech terms mean, and will they affect Solana's price? Solana Mobile Stack (SMS) Let's talk about the SMS first, rather than the smartphone. This is actually The post Solana's new smartphone Saga announced: positioning for next cycle? appeared first on Invezz.

British luxury car manufacturer Bentley Motors Limited is dipping its toes into the Web3 ecosystem with the launch of a non-fungible token (NFT) collection on Ethereum scaling platform Polygon, the company announced today. The post Bentley Motors gears up to drop its Genesis NFT collection on Polygon appeared first on CryptoSlate.

Although most crypto traders are focused on Bitcoin, Polygon's native currency MATIC is generating quiet gains. The MATIC price has increased by more than 20% in the previous 24 hours. At the time of writing, MATIC was trading 21% higher at $0.60, with a market valuation of $3.9 billion. The current MATIC price increase coincides …

Polygon (MATIC) has been one of the handful of projects that have amassed the cryptoverse, with its utility and sprawl on the charts. Not to miss out, Polygon has also changed the perception of the masses around layer-2 protocols. The network has now set up a benchmark for emerging layer-2 protocols.  Its native token MATIC …

The decentralized Ethereum scaling platform ticked off its first sustainability milestone by achieving carbon neutrality this week. By investing $400,000 in carbon credits, Polygon is now one step closer to becoming carbon negative.