![]() The price of MATIC/USDT suffered a price rejection from $1.5 as the price is dominated by bearish price action trading below the 50-day EMA as the price of MATIC failed to hold above $1. Polygon Matic remains one of the top 5 altcoins with real use cases as many traders and investors look for opportunities to invest in this token. The price of MATIC/USDT has struggled to replicate its rally to a high of $1.5 despite huge backing from investors and many partnerships. MACD – Bullish trend Polygon Matic (MATIC) Price Analysis as a Top 5 Altcoin to Watch MATIC Price Chart Major daily support for SHIB – $0.00000850 Major daily resistance for SHIB – $0.00001050 MACD and RSI on the daily timeframe for SHIB indicate bullish control of price for SHIB as price eyes new highs ahead of a new week as one of the top 5 altcoins to watch. The price of SHIB/USDT faces its major test of breaking and closing above $0.00001050, corresponding to its 61.8% FIB value.Ī break and close above this region for SHIB/USDT on higher timeframes could ignite a bullish price rally to $0.00001200. The price actions and indicators all point in one direction for bulls as the price could maintain its rally to a high of $0.00001200. Shiba Inu (SHIB) broke out of its bullish ascending triangle as the price retested its support as price eyed $0.00001. The price of SHIB/USDT nose-dived to a low of $0.00000600 as price bounced off this region as many bulls dominated price to a high of $0.000000750 as price formed a bullish ascending triangle. Shiba Inu’s (SHIB) price action remains one of the best price actions for the past few days as the price of SHIB/USDT has shown many bullish signs of price due for a rally. ![]() MACD – Bearish trend Shiba Inu (SHIB) Daily Price Analysis SHIB USDT 1D Price Chart The price action for ADA on lower and higher timeframes indicates bears are much in control of price as the RSI currently trades below the 50 mark in favor of the bears. The MACD for ADA on the daily (1D) timeframe indicates a bearish price trend for ADA as the price continues its struggle in a bearish trend. If the price of ADA fails to reclaim the highs of $0.35, we could see the price drop to a low of $0.25 by bears, as this could be a good area for the price to build much momentum for a price rally. The price of ADA failed to close above $0.35, flipping this region into support as the price faced much price rejection by bears as bulls struggled to maintain their initial price rally.ĪDA’s price continues to trade below key areas of interest for many bulls as it trades below its daily 50-day EMA, suggesting a bearish trend on the 1D timeframe. MACD – Bearish trend Daily (1D) Price Analysis For Cardano (ADA) ADA Daily 1D Price AnalysisĬardano’s price action has recently struggled as the price got rejected from $0.35 after its bullish price breakout as the price of ADA/USDT continues to drop as bears take control of the price. The Moving Average Convergence Divergence (MACD) for INJ suggests a change in trend as the price continues to look likely for a downtrend. The Fibonacci Retracement value 61.8% and 50.0% (FIB value 61.8% and 50.0%) correspond to $7 and $6, respectively, acting as support regions and demand zones for buy orders for INJ/USDT.Īlthough the price action for INJ looks strong, the emergence of hidden bearish divergence for its daily RSI and MACD indicates a trend from bullish to bearish, which still looks healthy for bulls. ![]() If the price of INJ/USDT closes below $7.9, we could see bears push the price of INJ/USDT to a low of $7 and $6. The region of $7.9 corresponds to the 50-day EMA acting as support for the price of INJ/USDT. ![]() The price of INJ/USDT has faced several rejections from the high of $9.9 towards $7.9, just above the 50-day EMA, as bulls remain in control of prices. The price of INJ rallied to a high of $9.9 and has struggled to break past this region as this has remained at its yearly high, with the price dropping to a region of $6 with bulls still in control. Injective Protocol’s (INJ) inclusion as a top 5 altcoin to watch for the week is no fluke, as this top token has remained a huge player in 2023 as the price of INJ rallied from a low of $1.5 to a high of $9.9 with over 600% gain surpassing the likes of Bitcoin (Bitcoin) and Ethereum (ETH). Top 5 Altcoins – Injective Protocol (INJ) Daily (1D) Price Analysis INJ USDT Daily 1D Price Chart With the price of BTC looking bearish, Ethereum (ETH) continues to look bearish likewise, as BTC dominance continues to affect many altcoins.Įthereum’s (ETH) price continues to hold above key support of $1,820 if the price of ETH closes below this support, we could see the price drop to a low of $1,700, serving as strong support for buy positions.ĭespite the uncertainties for Ethereum and Bitcoin, let us pay attention to these top 5 altcoins (GALA, SHIB, MATIC, INJ, ADA) ahead of the new week, as these tokens could perform better than BTC and ETH.
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