Trader Says Polygon on the Cusp of New Uptrend, Predicts Rallies for THORChain and Ocean Protocol

A well-liked crypto dealer has a long-term bullish outlook on the blockchain scaling resolution Polygon (MATIC) in addition to two extra altcoins.

The pseudonymous digital asset analyst generally known as Rekt Capital tells his 368,100 followers on the social media platform X that MATIC is “on the cusp of coming into a brand new macro uptrend” after taking out its bear market diagonal resistance.

Trying on the dealer’s chart, the following level of resistance for MATIC seems to be at $1.07. At time of writing, MATIC is buying and selling at $0.891.

Rekt Capital additionally has an identical evaluation concerning RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain.

“RUNE is attempting to interrupt its second macro downtrend in three months. First, it was pink. Now, it’s blue. Over time, it can even be black.”

The analyst’s chart reveals that RUNE has no excessive timeframe resistance till $12. At time of writing, RUNE is buying and selling at $4.80.

Rekt Capital additionally predicts a value rally for Ocean Protocol (OCEAN), a undertaking that goals to allow customers to entry and monetize information utilizing synthetic intelligence.

“Nonetheless efficiently retesting this inexperienced space as assist, draw back wicking into it and even forming the next low within the wicks. Worth stability is crucial right here to proceed its transfer to the ~$0.48 stage above (pink).”

OCEAN is buying and selling at $0.381 at time of writing.

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