Polygon Price (MATIC) rebounded nicely from crucial support levels and surged nearly 38% from lows at $0.53. The asset has been rejected multiple times at $0.733 in the past few hours, making it mandatory to test and clear these levels. However, the bulls still seem to be in a strong position that could help the price break through these levels soon.
The MATIC price is expected to consolidate within the immediate support and resistance levels for the next 24-48 hours. In case the bears are brewing, the price may break through the lower support to test the crucial areas around $0.51 and $0.54. With a nice bounce, an uptrend above $0.8 could be imminent.
Avalanche tariff is currently trading in a symmetrical triangle. There is no doubt that the price has tried to break above the resistance before, but ultimately failed. However, the price is currently under downward pressure which could lead the price near the lower support around $17.94.
AVAX price is believed to be breaking lower levels as crucial support, the 200-day MA levels can provide the required boost. Additionally, the coming wave could be the last in the triangle, a position where a notable bounce could make its way to $22 very soon. However, securing the levels above $27 could halt the downtrend to some degree, which could pave the way for the bulls to prosper.
BinanceCoin Course, on the other hand, has been trading in a parallel channel for almost a month. Therefore, the asset respects the upper resistance as well as the lower support levels that were validated with the recent rejection at $240.3.
BNB price may still consolidate but slowly head south and possibly test local support at $200. A bounce is expected here, but if it doesn’t, a significant drop could lead back towards the crucial support at $216. The asset could still reach high levels and hit highs above $250 in the coming days.
Chain link (LINK)
The price of Chainlink since June saw a huge loss as it lost the crucial levels at $7.35. Moreover, while the price was in recovery mode, a further dip took the price down again after being rejected at $6.4. The current price appears a bit bearish but expects a noticeable bounce.
The short-term LINK price is likely to swing between the tentative resistance and support levels at $6.29 and $6.97. In the event of a sharp price decline, the LINK price may drop sharply towards the lower support and trigger a significant rebound which may help the price break through local resistance and reach levels near $7.