Polygon ($POL ) Current Price: $0.504 Support: $0.495 Res | harisrahman on Binance Square

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Polygon ($POL )
Current Price: $0.504
Support: $0.495
Resistance: $0.520
Targets:
Bullish: $0.520 - $0.530
Bearish: $0.480
Analysis: Price needs to break $0.520 for bullish momentum. Watch RSI for oversold conditions.

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POL

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-6.80%

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FOUR (4) ALTCOINS TO BUY RIGHT NOW FOR 2025 Q1: Chainlink ($LINK ) Purpose: Decentralized oracle network connecting smart contracts to real-world data. Use Cases: Powers DeFi platforms, insurance protocols, and more with reliable external data. Potential: As the demand for data-integrated smart contracts grows, LINK's value could rise. Polygon ($POL ) Purpose: Layer-2 scaling solution for Ethereum, improving transaction speed and reducing costs. Use Cases: Powers DeFi applications, NFTs, and gaming projects. Potential: Strong partnerships with major brands and active development make it a promising long-term investment.Avalanche ($AVAX ) Purpose: Competes with Ethereum by offering a faster and highly scalable smart contract platform. Use Cases: Supports DeFi, NFTs, and enterprise blockchain solutions. Potential: Its ability to handle thousands of transactions per second makes it attractive to developers. Ripple ($XRP) Purpose: Aimed at revolutionizing cross-border payments through its RippleNet technology. Use Cases: Used by financial institutions for fast and low-cost international transactions. Potential: Ongoing legal clarity in the U.S. could boost adoption and price. #BinanceAlphaAlert #BTCXmasOrDip?

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Bitcoin down as TradingView error sparks volatility Bitcoin pulled back on Thursday as markets seemingly responded to inaccurate chart data from TradingView. The cryptocurrency dipped toward $95,000 after social media users flagged an anomaly on TradingView’s Bitcoin dominance chart, which incorrectly showed Bitcoin’s share of the total crypto market cap dropping to 0%. Although the error has been corrected, it reportedly triggered sudden trading reactions that pushed BTC/USD lower. According to CoinGlass data, roughly $33 million in Bitcoin long positions were liquidated within four hours. Bitcoin’s market dominance has become a key focus for traders recently, as Bitcoin’s climb to new all-time highs has left altcoins lagging. Dominance briefly exceeded 61.5% in mid-November before pulling back, raising expectations for a potential “altseason.” Bitcoin rose nearly 5% in the previous two sessions but failed to continue the positive momentum on Thursday as investors were cautious about the outlook for speculative assets like cryptocurrencies after the Fed indicated fewer interest rate cuts in 2025. Last week, Bitcoin recorded its first weekly fall since Trump’s election win in early November after the Fed meeting stalled the post-election rally. The rally had pushed prices to an all-time high of $108,244.9, after which prices fell due to profit-taking amid macroeconomic pressures induced by the Fed rate outlook. The central bank lowered rates by 25 basis points but indicated only two rate cuts for the upcoming year, compared with previous expectations for four cuts. This shift led investors to reassess their positions in speculative assets like Bitcoin, contributing to its price decline. #BTCXmasOrDip? $BTC

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Crypto price today: most altcoins edge lower Other cryptocurrencies fell on Thursday, tracking Bitcoin's decline and as demand for speculative assets remained subdued after the hawkish Fed rattled investor sentiment. World no.2 crypto Ether fell 3.4% to $3,367.06. Ether has gained in the last three sessions but has not been able to fully recover from last week's slump. World no.3 crypto $XRP fell 6.2% to $2.160. $SOL fell 4.2% and $POL dropped 7.8%, while Cardano fell 5%. Among meme tokens, Dogecoin lost 4.6%.

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($BCH ) may range between $420 support and $450 resistance, while Terra Classic ($LUNC ) trades between $0.0001075 support and $0.000120 target. Stellar ($XLM ) shows potential to move from $0.35 support to $0.38 resistance.

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($THETA ) is positioned between $2.10 support and $2.30 resistance, while Avalanche ($AVAX ) holds $36.50 support and targets $40.00. Filecoin ($FIL ) may range from $5.30 to $5.40.

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