AI-powered projects in the cryptocurrency market have brought great returns for traders and investors, who are both cashing in on the huge potential this disruptive technology offers. One such project that has been highly anticipated is Algotech, a decentralized crypto trading platform that integrates new advancements in trading and investment with its innovative technologies and automation. Algotech is gearing up for the presale bonus phase, and holders of top cryptos such as Polygon (MATIC) and Tron (TRX) are stocking up on this AI coin, expecting it to surge massively in value upon launch.
MATIC Eyes Resistance at $0.76 for Potential Surge to $0.88
Currently, MATIC’s native token is trading at $0.733837, with a trading volume of over $362 million in the last 24 hours. Over this period, MATIC has slid by 1.69%. It is currently standing in the 18th position on CoinMarketCap, with a market cap of $7 billion. Market analysts believe that though MATIC has lost 23% year-to-date, it remains firmly in the buy zone.
On-chain data from IntoTheBlock indicates that 4 out of 5 MATIC holders remain underwater at the prevailing price levels, suggesting room for more upsides by the altcoin if it can reclaim the uptrend. Looking technically, MATIC has posted slight gains in the weekly chart, with the current trading scenario showing an attempt to break above resistance at $0.76. A break above this level may bring a more sustainable bullish trend.
MATIC has demonstrated resilience with its price bouncing off the support at $0.72 that had been tested earlier today. If MATIC continues with this trajectory and manages to jump above the level of $0.75, then it might likely surge to test higher resistance at $0.88.
Tron (TRX) Bulls Targeting $0.141 Resistance
Meanwhile, Tron (TRX) is trading at $0.111208, with a 24-hour trading volume of $329 million. In the last 24 hours, TRX has fallen by 1.08%; with a market cap of $9 billion, it holds the 15th position on CoinMarketCap. Tron dived into a bullish breakout by the end of January, later turning the $0.110 level into strong support.
A firm bull run through February saw the price push towards challenging its peak resistance at $0.141. Unfortunately, the increased selling pressure during March has seen the uptrend go through a retracement phase, with the price breaking below the established $0.123 support around mid-month.
Despite these recovery attempts at this level, Tron continued to be spurned and fell to $0.110 toward the end of March. At April’s end, there was a slight rebound where it found TRX trading at $0.122 once again. This implied that the bulls were resilient enough to repeat what had happened before; now, they are likely taking it further north as they eye-claim the current resistance zone near $0.141 in the short to medium term.
Algotech’s ALGT Token Could Reach $1 Post-Exchange Listing
As Algotech, the AI-powered decentralized algorithmic crypto trading platform, enters its bonus presale round, investors holding MATIC and TRX are now adding this promising token to their portfolios. The project has already raised over $5.8 million during its presale, and with the current stage offering tokens at $0.08 each, early adopters are positioning themselves for potential gains upon Algotech’s launch.
Advanced technology plays a significant role in Algotech’s future plans. The platform spent $1.2 million on H100 GPUs. These GPUs will help make Algotech’s AI better at finding patterns and making predictions. With this improved AI, Algotech aims to give crypto traders an edge in the constantly changing markets.
As the project continues to garner attention from both retail and institutional investors, experts believe that the ALGT token’s price could rise after it starts trading on major exchanges. Some analysts predict the token may reach $1 soon after listing. This potential price jump comes from the growing demand for AI trading tools and Algotech’s strong technology.
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