bullish

Arbitrum

Optimism

<p>The post <a href="https://coinpedia.org/price-analysis/heres-whats-next-for-these-popular-layer-2-tokens-as-rwa-memes-lead-the-market/" rel="noopener noreferrer nofollow">Here’s What’s Next for These Popular Layer-2 Tokens as RWA &amp; MEMES Lead the Market</a> appeared first on <a href="https://coinpedia.org" rel="noopener noreferrer nofollow">Coinpedia Fintech News</a></p>
<p>The launch of the spot ETH ETF was expected to be a positive development for Ethereum and Ethereum-based tokens. Furthermore, the entire crypto market was expected to experience a significant boost, but the outcome was quite different. This caused the layer-1 &amp; layer-2 tokens to remain consolidated within a narrow range without exhibiting the required strength. Here is what’s next for the Polygon (MATIC), Arbitrum (ARB), and Optimism (OP) prices during the second fortnight of the month.&nbsp;&nbsp;</p>
<h2 class="wp-block-heading" id="h-polygon-matic-nbsp">Polygon (MATIC)&nbsp;</h2>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcubi5wp1-vutt4AG__mfqrxKynqo2mgyx654uGe_Eurg1i_-6QS6Y6ktSNL45iDq_Kb9o7dBLhKKKSDSZJtqYwy5L-ayf26eGtCFVXyVls1Q1bkNT_35VPRZw9695ZWPvI2AJ3KMpjtRU-bFPREVCcZ9Au?key=Gd9eDttUBhr14ok-kCm7vg" alt="">
</figure>
<ul class="wp-block-list">
 <li>The weekly chart of <a href="https://coinpedia.org/price-prediction/matic-network-matic-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">MATIC price</a> suggests the price has approached the end of the consolidation and hence a major breakout may occur anytime from now.</li>
</ul>
<ul class="wp-block-list">
 <li>The price broke the ascending trend line but has held firmly within the descending parallel channel and is heading to test the lower support</li>
</ul>
<ul class="wp-block-list">
 <li>Besides, the Bollinger bands have begun to squeeze, suggesting a massive drop in volatility, which may result in a massive breakout soon</li>
</ul>
<ul class="wp-block-list">
 <li>However, the RSI has reached a lower level and is about to trigger a bullish rebound, validating a rise from the bearish captivity and reclaiming levels above $1</li>
</ul>
<h3 class="wp-block-heading" id="h-arbitrum-arb-nbsp">Arbitrum (ARB)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXclrIbni4tzGwF2NmEF4sIhb2lI-Og0SbQBYMtluVfQ9c-CEYQHrY1B8TCQhh8wwmUptAA5Wk_JJl2Mt2Sx8S1ZIxgw_keam6Px8tQF6SyUjteAf4XLG0d1w9UF6jFzHJ9uS6RvlnF7dxoUOnY6fGlU7Z-1?key=Gd9eDttUBhr14ok-kCm7vg" alt="">
</figure>
<ul class="wp-block-list">
 <li>Similar to the MATIC price rally, the <a href="https://coinpedia.org/price-prediction/arbitrum-arb-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Arbitrum price</a> seems to have reached the apex of a bearish consolidation, which may result in a bullish breakout&nbsp;</li>
</ul>
<ul class="wp-block-list">
 <li>On-balance volume has fallen to its lowest level, which indicates the end of the accumulation phase within a descending trend is on the horizon.&nbsp;</li>
</ul>
<ul class="wp-block-list">
 <li>On the other hand, the RSI fails to reach the average range and is about to initiate a bearish reversal&nbsp;</li>
</ul>
<ul class="wp-block-list">
 <li>Therefore, the ARB price is believed to drop to the lower support of the wedge and exhaust the selling volume as a rebound occurs, which may trigger a strong upswing and breach the upper resistance to reach $0.8 and later above $1</li>
</ul>
<h3 class="wp-block-heading" id="h-optimism-op-nbsp">Optimism (OP)&nbsp;</h3>
<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeEjghN9vOInZxTkVPT-iz3lCez4ZQUwd_LhdyPGCAm9Z53VswB5H_mbg2F287eU1VlZibAx3viHeY7spp2Mv8yvtXSvuS7w1xOrbmAPpz6siDJZC6jxoWpQiRMk1vAuk-cyQqK8q457sbQMp5i05uaJLBW?key=Gd9eDttUBhr14ok-kCm7vg" alt="">
</figure>
<ul class="wp-block-list">
 <li>The <a href="https://coinpedia.org/price-prediction/optimism-op-price-prediction/" target="_blank" rel="noopener noreferrer nofollow">Optimism price</a> has shed most of the gain that it incurred since the start of the year, which could flip the trend after the sellers face extreme exhaustion</li>
</ul>
<ul class="wp-block-list">
 <li>The price is trading between the crucial resistance and support zones, displaying a huge possibility of a bearish pullback before the next price action</li>
</ul>
<ul class="wp-block-list">
 <li>The MACD is close to triggering a bullish crossover as the selling volume has dropped to a large extent&nbsp;</li>
</ul>
<ul class="wp-block-list">
 <li>Therefore, the OP price is speculated to drop slightly, close to $1, which may attract fresh liquidity, paving the way for a significant rise to $2</li>
</ul>

Here’s What’s Next for These Popular Layer-2 Tokens as RWA & MEMES Lead the Market

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