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๐Ÿ“ŠCrypto Prices Today April 23: Bitcoin At 66K, ETH Drops, Pendle, XRP & SOL Rally Bitcoin (BTC): Surged past $66,000, up 0.62% to $66,301.95, with a trading volume of $25.60 billion and a market cap of $1.30 trillion. Ethereum (ETH): Declined to $3,179.06 (-0.80%) with a market valuation of $380.23 billion and a trading volume of $11 billion. Solana (SOL): Sustained above $150, up 2.45% to $154.92, with a 24-hour trading volume of $2.78 billion. XRP: Extended above $0.54, rose by 2% to $0.5482, with a trading volume surge of 61.38% to $1.62 billion. Cardano (ADA): Dipped slightly to $0.5097 (-0.27%), with a 24-hour trading volume increase of 8.87% to $383.75 million. Dogecoin & Shiba Inu: Dogecoin slipped to $0.158 (-2%), while Shiba Inu traded at $0.00002642 (-3.19%). The cryptocurrency market today shows a mix of movements, with Bitcoin surging, Ethereum declining, and notable rebounds in Solana, XRP, and Cardano. ๐Ÿš€

๐Ÿ“ŠCrypto Prices Today April 23: Bitcoin At 66K, ETH Drops, Pendle, XRP & SOL Rally

Bitcoin (BTC): Surged past $66,000, up 0.62% to $66,301.95, with a trading volume of $25.60 billion and a market cap of $1.30 trillion.

Ethereum (ETH): Declined to $3,179.06 (-0.80%) with a market valuation of $380.23 billion and a trading volume of $11 billion.

Solana (SOL): Sustained above $150, up 2.45% to $154.92, with a 24-hour trading volume of $2.78 billion.

XRP: Extended above $0.54, rose by 2% to $0.5482, with a trading volume surge of 61.38% to $1.62 billion.

Cardano (ADA): Dipped slightly to $0.5097 (-0.27%), with a 24-hour trading volume increase of 8.87% to $383.75 million.

Dogecoin & Shiba Inu: Dogecoin slipped to $0.158 (-2%), while Shiba Inu traded at $0.00002642 (-3.19%).

The cryptocurrency market today shows a mix of movements, with Bitcoin surging, Ethereum declining, and notable rebounds in Solana, XRP, and Cardano. ๐Ÿš€

Disclaimer: Includes third-party opinions. No financial advice.ย See T&Cs.
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๐Ÿ“‰ Polygon holds key level, but will MATIC fall to $0.61 in May? ๐Ÿ“Š Polygon's Critical Levels and Potential Price Movements According to IntoTheBlock, Polygon (MATIC) saw significant accumulation at $0.73, where 31,000 addresses purchased 216.94 million tokens. This level serves as a crucial point for MATIC's future price action. ๐Ÿ“ˆ Support and Resistance Dynamics Currently, 111,724 addresses are in profit (17.34% of supply), while 501,710 addresses (77.85%) are out of the money. The $0.73 region could act as either support or resistance depending on Polygon's next moves. ๐Ÿ“‰ Key Breakout and Breakdown Scenarios A breakout above $0.73 could propel MATIC to $0.76, triggering a potential rally towards $0.83. Conversely, a breakdown could lead to a drop towards $0.61, aligning with entry points for most profitable holders. ๐Ÿ”„ Correlation with Ethereum and Bitcoin Polygon (MATIC) has a strong correlation with Ethereum (ETH) at 0.93 and Bitcoin (BTC) at 0.87. The direction of ETH and BTC prices could influence MATIC's next move. โš–๏ธ On-Chain Metrics and Market Sentiment On-chain data suggests that MATIC's MVRV Z Score is currently at 0.19, indicating a neutral sentiment. A decrease in this metric could impact the bullish scenario for MATIC, while an uptick might prevent a deeper correction. ๐Ÿ” Conclusion and Trader's Outlook Traders should monitor key levels and on-chain metrics closely to gauge Polygon's future trajectory. Accumulation at $0.73 could mitigate downside risks, while a shift in market sentiment might alter the current outlook for MATIC.
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