Tuesday, 30 May 2023

Crypto News

Crypto price prediction for MATIC, FLOKI and DIONE

Crypto price prediction for MATIC, FLOKI and DIONE

  • Polygon (MATIC) price has a robust support base at around $0.918.
  • FLOKI price could rise further as the memecoin begins trading on Binance.US.
  • Dione (DIONE) price hit a new all-time high on 24 April 2023 and could make news upward moves amid price discovery.

Bitcoin (BTC) price began Monday with bulls battling to hold onto recent gains above the $27k level, with analysts predicting the benchmark cryptocurrency risks a retest of support at $26,500.  With the gains made following the rally to $31k shed over the past few days, traders are looking for potential trades in the altcoin market.

But what is likely to happen if markets continue to dump? Here is a crypto price prediction outlook for Polygon (MATIC) Floki (FLOKI) and Dione (DIONE).

MATIC price prediction: Polygon major support at $0.91

The price of Polygon (MATIC) dipped below $1 on Monday as selling pressure for the 10th ranked crypto by market cap saw 140 million MATIC transferred to crypto exchange Binance. Whale Alert highligted one such transaction.

MATIC price also fell as total liquidations for crypto rose 107% to over $89 million in 24 hours, with about $744,000 of this for Polygon.

While MATIC/USD has moved back to near $1 at the time of writing, on-chain data suggests robust support lies around $0.918. A dip to these levels is possible, although a sentiment flip at this major demand reload zone will aid MATIC’s new bullish momentum.

Market data and intelligence platform IntoTheBlock shared the details below about Polygon’s on-chain activity.

“MATIC is back under $1. Let’s take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again.”

FLOKI price prediction: Floki rips as Binance.US lists FLOKI

FLOKI (FLOKI) price was up more than 33% at the time of…

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