Polygon & Solana Face Key Support Levels Will They Hold or Fold

  • Polygon (MATIC) tests critical $0.34 support with potential downside to $0.2328 if broken.

  • Solana (SOL) shows a buy signal with potential rebound but risk of correction to $0.19 remains.

  • Both MATIC and SOL face crucial support levels with market tension reflecting bearish sentiment.

The crypto market has displayed signs of tension with major technical indicators for both Polygon (MATIC) and Solana (SOL) key moments for these digital assets. Crypto analyst Ali Martinez recently highlighted potential price movements based on current chart patterns and technical indicators.

Polygon (MATIC) Nears Critical Support

Polygon (MATIC) is currently testing a support level around $0.34, coinciding with the 1.0 Fibonacci retracement level – a crucial point for traders and investors. Recent price action shows a rejection from the 0.786 Fibonacci level near $0.44, suggesting continued bearish sentiment.

#Polygon seems to be forming a descending triangle pattern. Keep a close eye on the $0.34 support level — if it holds, $POL $MATIC could rebound to $0.94.

However, if it breaks, a correction down to $0.19 is possible. pic.twitter.com/70QGdQtsap

— Ali (@ali_charts) …

The post Polygon & Solana Face Key Support Levels: Will They Hold or Fold? appeared first on Coin Edition.

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