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Polygon’s Bullish Breakout Potential
#Matic  #Polygon  #CraigWright  #EthereumETF  #FTX  $MATIC  $BTC  $ETH 

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SUI poised for a 60% rally, Traders eye $5.70 mark 68.20% of top SUI traders hold long positions, while 31.80% hold short positions. Traders are over-leveraged at $3.326 on the lower side and $3.538 on the upper side. SUI, the native token of the Sui network, is making waves in the rapidly evolving cryptocurrency landscape by outperforming major cryptocurrencies like Bitcoin [BTC], Ethereum [ETH], and other major financial assets. Besides an impressive performance, the altcoin is poised to continue this rally as it has formed a bullish price action pattern. SUI technical analysis and key levels According to expert technical analysis, SUI has formed a bullish flag and pole price action pattern on the daily time frame and is on the verge of breaking out of this formation. Based on the recent price action and historical momentum, if SUI breaches and closes a daily candle above the $3.5 level, there is a strong possibility it could soar by 60%, reaching the $5.70 level in the coming days. Based on the SUI daily chart, it appears that the price has already been corrected sufficiently to continue its rally further. On the positive side, SUI’s Relative Strength Index (RSI) stands at 58.60, suggesting that the token has the potential to rally, as it remains below the overbought zone. Bullish on-chain metrics With strong bullish price action, traders on Binance are strongly participating with the token, as reported by on-chain analytics firm Coinglass. According to the data, the Binance SUIUSDT Long/Short ratio currently stands at 2.14, indicating strong bullish sentiment among traders. At present, 68.20% of top SUI traders hold long positions, while 31.80% hold short positions. This data from an on-chain analytics firm indicates that traders are expecting prices to rally, which has the potential to attract more investors and traders in the coming days. #SUI #Memecoins #Altcoins #cryptotrading #CryptoNews

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SUI poised for a 60% rally, Traders eye $5.70 mark

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Dogecoin Needs to Close Above This Level for More Upside: Analyst With Dogecoin at the upper boundary of an ascending triangle, an analyst gives a price mark the meme coin needs to hold to confirm a breakout. In an analysis today, market commentator Rekt Capital has suggested that meme coins could be up for a bullish upswing. His commentary, which featured the sector’s alpha Dogecoin, speculated “another round of money flow” for meme-inspired tokens. However, Rekt Capital insisted that Dogecoin (DOGE) would have to validate the bullish pattern. The analyst stated that a daily close above the pattern top at $0.43 would confirm what he believes is a breakout from the prevalent ascending triangle structure. Dogecoin to Target New All-Time High Meanwhile, analyst Javon Marks confirmed the presiding bullish momentum on the Dogecoin ecosystem. In a Friday tweet, he asserted that Dogecoin is up for another round of price upswing. His commentary affirms that the largest meme coin by market cap targets a 63% surge past its current all-time high to new price discoveries. Notably, the analyst based his assertions on a scintillating historical Dogecoin uptrend pattern. In an accompanying chart, Marks shows a similar pattern in 2017 and 2021 before Dogecoin broke its all-time highs. Each cyclical pattern featured a breakout, a range, and a surge to a new all-time high. With Dogecoin breaking out in 2023, consolidating from its former yearly high of $0.22888 in March, and pushing past the peak early this month, a new all-time high remains for the meme coin. Considering the percentage surge from the previous cycles, Marks speculated that a 63% surge to above $0.73905 remains on the card for DOGE. Furthermore, Javos Marks emphasized that Dogecoin would see more uptrends after the 63% surge. He implied that after consolidating from the ATH breach, the meme coin will enter another “significant cyclical bull move.” #DOGE #DogecoinRise #MemeCoinSeason #Altcoins #CryptoNews

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Dogecoin Needs to Close Above This Level for More Upside: Analyst

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Is Flare (FLR) Poised for More Gains After an 18% Rally? Flare gains over 18%, trading at $0.02839. FLR’s daily trading volume has surged by over 467%.As November is closing, the altcoin market rallied with major tokens like ETH, SOL, XRP, ADA, and DOGE surging with notable returns. However, the anticipation of the altcoin season escalates with Ethereum hitting $3.7K. However, Flare (FLR) rallied by an 18.20% surge and currently trades at $0.02839. The token’s market cap has reached $1.50 billion, with its daily trading volume reaching $89.41 million. Flare chose to trade on the upside. With its bullish trajectory, FLR visited its daily high of $0.03141 from a low of $0.02349. Zooming in on the monthly price chart, Flare has gained over 108%. The month began trading at $0.01345. Eventually, it ascended to a mid-week high of $0.02398 and continued to date. Can FLR Climb Higher? The four-hour price chart of the Flare exhibits the asset’s current bullish momentum. If the altcoin continues to trade in the bullish territory, it could push the price toward the $0.03216 mark. Besides, FLR has the potential to climb higher if the major resistance is broken. Looking at the downside, if Flare’s upward trajectory vanishes, a potential downside correction might unfold to test the support at the $0.024 level. The crucial moves of FLR will decide the asset’s further recovery or decline. Flare’s daily frame exposes the short-term 9-day moving average above the long-term 21-day moving average. Moreover, the ongoing market sentiment of the asset is in the overbought zone, inferring the buying momentum is strong, as the daily relative strength index (RSI) is settled at 70.53. The technical indicators of FLR exposed the positive sentiment with the Moving Average Convergence Divergence (MACD) line crossing the signal line. It indicates the building of upward momentum in the market. #Flare #FLR/USDT #AltcoinSeason #cryptotrading #CryptoNews

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