Crypto analyst Danielle Du Toit notes that Polygon (MATIC) has bounced from key support levels and has seen a 38% price increase. He then says that a rebound is possible to push AVAX price to $22 very soon. Also, BNB is likely to rise as high as $250 in the coming days. We have prepared Danielle Du Toit’s analysis of MATIC, AVAX, BNB and LINK for our readers.
MATIC: The bulls seem to have gathered their strength
Polygon (MATIC) has jumped from critical support levels. As you follow on Kriptokoin.com, it saw a 38% price increase from the $0.53 level at the bottom. MATIC has also experienced some rejections in the past few hours at $0.733. However, the bulls seem to have gathered their strength. This means that the MATIC price may cross this level soon.
Altcoin price is likely to consolidate at support and resistance levels over the next two days. On the other hand, if the bears strengthen a bit, a drop to $0.51 and $0.54 is possible. However, a rebound from this is also likely to result in a bullish move above $0.8.
MATIC daily price chart / Source: CoinMarketCapAVAX: Possible to go to $22 very soon
Avalanche (AVAX) is trading in a symmetrical triangle. Because price tried to break the highest resistance but failed. Unfortunately, the current price for AVAX is under downward pressure. This may cause the price to close at $17.94. It is possible that this upcoming bearish wave will be the last for the altcoin. Also, a rebound is likely to push AVAX price to $22 very soon.
AVAX daily price chart / Source: CoinMarketCapCritical levels for BNB and LINK
Binance Coin (BNB) has been trading in a parallel channel for almost a month. This means that BNB is currently respecting both the upper and lower resistance and support levels.
BNB price is expected to continue this trend before testing the support at $200. Also, a rebound is likely at this point. However, failure to do so could cause BNB to test support at $216. It is possible for BNB to rise as high as $250 in the coming days.
Binance Coin daily price chart / Source: CoinMarketCapChainlink (LINK) price lost its critical levels at $7.35. For this, LINK is experiencing a huge decline. This means that the current price for LINK is slightly bearish. However, a recovery is likely to be expected. If the price dips further, it is possible for it to slide back to the lower support to start a rebound to as high as $7.
LINK daily price chart / Source: CoinMarketCap
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