๐Ÿ“ˆ Prediction (MATIC and DOT):

๐Ÿ“Š MATIC/USDT - The price of #MATIC has been ranging over the past few days, credited to the lack of directional movement in the market following Bitcoin's halving. Similar mixed sentiment is displayed among #Polygon holders. Active investors range from bullish to neutral, while potential investors lean bearish. This is evidenced by metrics like Mean Coin Age and Network Growth. The on-chain metric Mean Coin Age gauges trading sentiment among long-term investors by calculating the average number of days coins in circulation have spent at current addresses. An increase in this indicator suggests investors prefer to hold the asset. Such a pattern is considered bullish during uptrends, indicating investors are less inclined to sell their assets, thus fueling price growth. Forecast: Currently, Polygon is trading around $0.71 after failing to break resistance at $0.76. This barrier has persisted for over a week, as has support at $0.64. Over the past couple of days, it has been tested twice, reinforcing and consolidating the range. Therefore, the altcoin may continue sideways movement between $0.76 and $0.61. However, there is potential for a breakthrough of either boundary. The Ichimoku Cloudโ€”a technical analysis tool providing insight into support, resistance, and price momentumโ€”is bullish, situated below the candles, implying price growth. If MATIC follows this signal and breaks resistance at $0.76, it could rise to test $0.81. In this scenario, the neutral-bearish outlook would be invalidated, opening the possibility for Polygon's native token recovery.

๐Ÿ“ˆ DOT/USDT - Currently, #DOT is trading within a descending parallel channel, struggling to confirm $7 as a support level. However, considering the aforementioned signals, the asset is likely to break down and hit the channel's lower boundary around $5. Nevertheless, a successful bounce from $7 could refute the bearish thesis. In that case, #Polkadot would test the nearest resistance levels at $8 and $9.

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