- Minotaurus will bring one of a kind Web3 gaming experience, and during the presale, the tokens are available for a 70% discount.
- The Polygon-MATIC short-term price increase depicts optimism in the market, but this is yet to be tested against major resistances for the long term.
- That is, the steadily growing value of the NEAR Protocol reflects increasing market interest and slowly reaches key resistance levels.
The past week has witnessed some noteworthy recoveries in the cryptocurrency market with both Polygon and Near Protocol being on the bullish side on account of their improvements in scalability and cost structures. Also, Shiba Inu maintains its upward course since whales are still heavily accumulating it, which suggests that the hope for the coin remains strong.
Polygon to Remain Bullish
Current price:$0.3982
Market cap:1.1B
Over the week, Polygon has appreciated 7.9% in value, changing from $0.3937 to $0.4089. This recent uptick in its price is witness to the continuing relevance of Polygon, which brings forth improved scalability for Ethereum via reduced transaction cost and speed.
Currently trading above its 10-day moving average, MATIC shows short-term strength, though long-term resistance still hovers around $0.5552.
Polygon’s market momentum could carry it further if it breaks through this resistance level. With its Relative Strength Index (RSI) balanced at 50.5799, MATIC is showing stability, making it a coin to watch in the coming week.
Near Protocol attracts interest from investors- NEAR
Current price:$4.43
Market cap:5.0B
NEAR has also recorded a 5.6% rise in price during the last week. In this regard, NEAR’s value currently oscillates between $4.27 and $4.52, hence approaching its 100-day moving average of $4.729. This uptrend shows the slowly building interest in Near Protocol, which has been noted for its scalability features and usability for decentralized applications.
As NEAR approaches key resistance at $5.144, continued market support could see the token break through and maintain its positive trajectory.However, it could be pushed toward support levels of $3.027 by a downturn in market sentiment.
Shiba Inu Exhibits Bullish Tendency
Current price:$0.00001437
Market cup:$8.47BShiba Inu was still rallying, up 5.9% in one week. The growth of the token lifted the price to the highest level in three weeks between $0.00001392 and $0.00001457. Accumulation in whales’ pockets has added to its recent bullish bias in the Shiba Inu market, promising more upside as optimism takes over the market.ive trajectory.
The post Exploring This Week’s Crypto Surge: New Insights on Polygon, NEAR, and Shiba Inu appeared first on Crypto News Land.
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