• 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 new upward moves amid price discovery.
Crypto Price Prediction: MATIC, FLOKI, and DIONE
The cryptocurrency market began Monday with bulls battling to hold onto recent gains above the $27k level, with analysts predicting that Bitcoin risks a retest of support at $26,500. With the gains made following the rally to $31k over the past few days quickly evaporating, traders are looking for potential trades in the altcoin market. This article provides a crypto price prediction outlook for Polygon (MATIC), Floki (FLOKI), and Dione (DIONE).
Polygon Price Prediction
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 highlighted 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 details about Polygon’s on-chain activity: “32.56k addresses purchased MATIC at an average price of $0.918.“