😱 3 Altcoins Ready for Big Profits
Polygon (#MATIC) Bears in Control, Bulls Struggle to Break Through
Polygon ($MATIC) is currently trading between $0.47 and $0.55, showing bearish trends. The price is below both its 10-day and 100-day moving averages, $0.49 and $0.51, respectively. Momentum indicators like the RSI at 37.21 and Stochastic at 16.96 point to weak buying interest. Bears have the upper hand as the price dropped 7.93% in a week and 14.70% in a month. Bulls need to break the $0.59 resistance level to spark a rally, potentially pushing the price by around 24% to the next resistance at $0.67. For now, support is seen at $0.44, with a firmer floor at $0.36.
Injective (#INJ) Faces Bearish Struggle but Eyes Potential Rebound
Injective ($INJ) is currently priced between $22.21 and $26.89, showing bearish trends. Over the past week, INJ dropped by over 13%, and in the past month, it has fallen by 8%. Longer term, the coin has seen a 40% decline over six months. With an RSI of 34.74 and a Stochastic of 26.78, both indicators suggest that the coin is under heavy selling pressure. The nearest support level sits at $20.20, while resistance stands at $29.55. If bulls gain momentum, INJ could rise to the second resistance level of $34.23, marking over a 50% potential increase from its current price, offering a glimmer of hope for investors.
Kaspa (#KAS) Struggles Below Key Levels, Potential Growth in Sight
Kaspa ($KAS) is currently trading between $0.17 and $0.19, indicating a tight battle between bulls and bears. The nearest resistance is at $0.21 and support at $0.16. Despite recent sluggishness with a 44.62 RSI and a 35.07 Stochastic, KAS has shown significant long-term gains, rising almost 95% in six months. For potential growth, breaking past $0.21 could push it to $0.23, a move of about 21% from its current range. However, it needs to reclaim its 10-day simple moving average of $0.20 to show stronger momentum.
