The cryptocurrency market is constantly evolving, revealing new opportunities every month.As the bull run of 2024 is gaining momentum, investors are eager to identify the next altcoin, which is ready for a significant rise in April.
Polygon (MATIC) Price Movements and Overview
Polygon (MATIC) saw its price drop in the short term. It fell about 14% over the past week and appears to fall by about 18% when viewed monthly. However, in a further look, MATIC has increased by over 60% in the last six months. The price has recently fluctuated between $0.96 and $1.07. Indicators indicate that the price is making corrective actions after previous gains.
Given the current acceleration of MATIC, it appears to be at a turning point. There is potential for growth, especially with the growing popularity of crypto, but investors should be careful as the price may also fall. Support may remain at $0.91, but a downside breakout could result in a drop to the $0.80 level. If the buy pressure comes, the price can test the resistances at $1.14 followed by $1.25.
Jupiter Price Outlook: Risks and Opportunities Balanced $JUP
Jupiter (JUP) rose 15.79% last week to make significant gains. Its value increased by 157.48% last month and an impressive jump of 5071% was observed in six months. Currently, JUP is trading between $1.39 and $1.94. With the RSI 41.61, the coin is in a neutral region and the price action seems to be on a corrective path rather than impulsive.
Looking ahead, JUP can test its nearest resistance at $1.94, and if momentum continues, the second resistance level at $2.14 could step in. However, before any upward movement, the current support at $1.30 could be lower, and if the trend reverses, the next key support could be at $1.03. Due to the 10-day SMA value being at $1.56 and mixed signals from indicators such as the MACD, investors can see a mixture of both bullish potential and the need for cautious trading in the near term.
Avalanche Sees Floating Movement Amid Market Uncertainty $AVAX
The price of Avalanche (AVAX) has recently fluctuated between $51.34 and $58.12. Last week, the coin fell 18.51% and was up 6.12% over the past month. In the last six months, the value has increased by 366%. The current movement points to an uncertain behavior in which prices are not moving up or down clearly.
Investors are closely following Avalanche as it balances on the scale of future results. If it exceeds the closest resistance, $62.13, there may be a rise towards $68.91. However, a fall below the $48.57 support level could lead to a further decline towards $41.79. The indicators show neither a strong buy nor sell, and point to a conflict between different market forces for AVAX.
Uniswap Price Analysis Amid Market Fluctuations $UNI
Last week, the price of Uniswap (UNI) fell 8.82% to 10.42% over the course of the month. However, looking at six months ago, UNI recorded significant growth, an increase of 162.31%. Currently, the coin is trading between $12.12 and $13,55. The indicators show that UNI is in a corrective move and is hovering below the 10-day Simple Moving Average of $11.35 as it approaches the nearest support level.
Looking ahead, UNI could face the $14.16 resistance before challenging the second resistance of $15.59. If it can hold above the nearest support level, $11.3, we can see a recovery. However, bearish indicators such as -0.28 MACD Level and low RSI, indicating selling pressure, indicate caution. While past growth is impressive, investors should follow ongoing signs of corrections or a potential return. DYOR