(SOL) or Polygon (MATIC)? : Where to Bet on $1,000 in 2024 for the Biggest Return?

Solana Poised for a Breakout, Bulls Target Higher

Solana (SOL) is performing well and the price is currently staying in the range of $120.66 to $144.15. The weekly gain of the coin is over 8%, which shows that bulls are gathering strength to break out. If SOL can break above the critical resistance at $159.66, it could climb further to the next target of $183.15, which could be a gain of about 30% from the current level. The 10-day simple moving average is around $147, and a breakout above this point could be a good sign for the bulls.

Despite the recent monthly decline, the gain of nearly 42% in six months shows strong growth potential. If the bears return, keep an eye on the support at $112.68.

Polygon (MATIC) shows bullish potential in the struggle against resistance. The layout is ongoing. Communication +: GOOOKOOOY welcomes everyone to participate actively and witness the moment of miracle together.

Polygon (MATIC) is currently trading between $0.512 and $0.616, with resistance at $0.67. Despite a drop of nearly 2% in the past week and more than 23% in the past month, bulls are still showing signs of recovery. The 10-day simple moving average is around $0.566, slightly above the 100-day moving average, indicating some bullish momentum. If MATIC can break through the first resistance level, it could rally to $0.774. This means a possible rise of about 50% from the low end of the current range. The relative strength index (RSI) is neutral, indicating upside potential.

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