๐ฑ๐๐These 2 Altcoins may leave their mark on winter 2024
Amid increased price volatility in the cryptocurrency space, the $MATIC price has lost 1.34% within the past 24 hours with a trading volume of $258.41 Million, a change of less than 1%. Moreover, this Ethereum-based altcoin has plunged 11.82% within the previous week and 23.57% over the past month.
The technical indicator, RSI, displays a significant rise above its oversold range, indicating increased buying and selling pressure in the crypto space. Moreover, the average trendline has recorded a bullish crossover, suggesting that the altcoin will continue gaining value in the coming time.
If the market holds the Polygon price above its crucial support level of $0.50, the bulls will regain momentum and prepare to test its upper resistance level of $0.690. Conversely, if the bears regain momentum, the MATIC coin price will plunge toward its low of $0.3250.
With the rising uncertainty in the cryptocurrency market, the Arbitrum price has displayed a neutral price action within the past 24 hours and 13.20% over the past seven days. Moreover, the ARB crypto has plunged 30.63% within the past 30 days and has a YTD return of 56.54%.
The Relative Strength Index (RSI) continues to hover close to its oversold range, indicating a weak price action for the Arbitrum crypto in the market. Furthermore, the average displays a constant downtrend, suggesting a bearish price sentiment.
Suppose, the $ARB price regains momentum, in such case, this altcoin will head toward its upper resistance level of $1.03. Negatively, if the bears continue to dominate the market, the Arbitrum token will plunge toward its crucial support level of $0.60.
