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 $5 billion in bridged total value locked (TVL).&nbsp;</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Matic&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<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 $802 million.</p> 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24Near&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$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>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
<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

Table of Contents

CoinPedia News

Other articles published on Apr 26, 2024

Scammers leverage malicious ETH RPC nodes to target imToken wallet

Bitcoin in ‘post-halving danger zone’; Here’s what it means for BTC

Leveraging Instagram as a hub for creativity

Arbitrum (ARB) Falls Below Key Support. Time to Short?

Trader earns $23M flipping Solana memecoins: Here’s how

6 Under $1 Ethereum Meme Coins To Buy This Weekend For 50X Gain

Join our free newsletter for daily crypto updates!