- Buyers quenched sellers’ resistance, indicating a possible jump to $0.70 for MATIC.
- Should the 12-day EMA continue to position above the 26-day EMA, MANA may hit $0.40.
- PEPE was overbought but a move in the $0.0000015 direction seems likely.
Over the last few weeks, optimism around the market has been growing. This growth could be linked to the continuous rise in Bitcoin’s (BTC) price. However, Bitcoin is not the only cryptocurrency experiencing a significant price increase.
Altcoins are also not left out with the likes of Polygon (MATIC), Decentraland (MANA), and meme coin Pepe (PEPE) registering notable upticks in the last seven days. According to the on-chain analytic platform Santiment, the prices of these tokens listed above may continue to rise.
Santiment, in its post on X (formerly Twitter), mentioned that the rise in network growth of these tokens could be responsible for the projection.
As trader focus has been primarily on #Bitcoin & #Ethereum, mid caps have quietly seen big network growth rises. With $AXS, $MANA, $FTM, $INJ, $MATIC, $DAI, $PEPE, $POWR, $QNT, & $AGIX seeing spikes in new wallets created, prices can continue to climb. htt…