NEAR Protocol

2024

World

April

Polygon

<p>The post <a href="https://coinpedia.org/price-analysis/polygon-matic-and-near-protocol-near-price-poised-for-massive-spike-soon/">Polygon (MATIC) and NEAR Protocol (NEAR) Price Poised For Massive Spike Soon</a> appeared first on <a href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>The altcoin industry has established a solid bottom for the recent correction triggered after Bitcoin’s (BTC) price reached a local top of around $74,000. Since the Bitcoin halving event last weekend, the altcoin market has been gaining against the flagship coin, as observed in the dominance.&nbsp;</p> 
<p>Furthermore, the cryptocurrency market cap, excluding Bitcoin, TOTAL2, which stands around $1.03 trillion, has formed a weekly reversal pattern. On the other hand, Bitcoin dominance has declined by more than 2 bps to about 54.99 percent on Friday.</p> 
<p>Ultimately, a reversal in the ETH/BTC pair in the coming weeks will trigger the next phase of the altseason.</p> 
<h2 class="wp-block-heading" id="h-top-altcoins-on-the-brink-of-bullish-breakout">Top Altcoins on the Brink of Bullish Breakout</h2> 
<h2 class="wp-block-heading" id="h-polygon-matic">Polygon (MATIC)</h2> 
<p>Polygon (MATIC), a veteran Ethereum-based layer two scaling solution, remains at the forefront of web3 mainstream adoption. As of this report, the Polygon network has more than $1.5 billion in stablecoins market cap and has so far facilitated over $5 billion in bridged total value locked (TVL).&nbsp;</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Matic&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Matic</a><a href="https://twitter.com/hashtag/Matic?src=hash&amp;ref_src=twsrc%5Etfw">#Matic</a> Forming Bullish Flag In H4 Timeframe Incase Of Successful Breakout Expecting Move Towards 1.30$ <a href="https://t.co/gweafgdUQP">pic.twitter.com/gweafgdUQP</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1783698592743789048?ref_src=twsrc%5Etfw">April 26, 2024</a>
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<p>According to a popular crypto analyst alias World Of Charts, MATIC’s price against the US dollar has been forming a bullish flag in the four-hour time frame. In case of a breach on the upper border of the falling channel, the crypto analyst expects MATIC’s price to rally toward $1.3 in the subsequent weeks.</p> 
<p>From a technical standpoint, MATIC’s price on the weekly chart has been retesting the bullish breakout from a macro-falling logarithmic trend in preparation for the parabolic rally to new ATH.</p> 
<h2 class="wp-block-heading" id="h-near-protocol-near">NEAR Protocol (NEAR)</h2> 
<p>NEAR Protocol (NEAR), a fast-growing layer-one blockchain with over $309 million in TVL, is among the top 20 most valuable digital assets. The mid-cap altcoin has a fully diluted valuation of about $8 billion and a daily average traded volume of around $802 million.</p> 
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Near&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$Near</a> <a href="https://twitter.com/hashtag/Near?src=hash&amp;ref_src=twsrc%5Etfw">#Near</a> Breaking Out As Expected Incase Of Successful Still Expecting Move Towards 14-15$ <a href="https://t.co/Cud2obJ8Ko">https://t.co/Cud2obJ8Ko</a> <a href="https://t.co/bceVwvEmT0">pic.twitter.com/bceVwvEmT0</a></p>— World Of Charts (@WorldOfCharts1) <a href="https://twitter.com/WorldOfCharts1/status/1783697405080416675?ref_src=twsrc%5Etfw">April 26, 2024</a>
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<p>According to the crypto analyst, the NEAR price is on the cusp of a 2X rally in case of a successful breakout from a bullish flash.</p>

Polygon (MATIC) and NEAR Protocol (NEAR) Price Poised For Massive Spike Soon

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