Polygon (MATIC) Trend Analysis
Polygon (MATIC) is currently experiencing an upward trend in its price action. A notable pattern observed by analysts is a potential head-and-shoulders formation in the MATIC 4-hour chart.
If there is a breakout below $0.79, market indications suggest that prices may retest $0.67. Conversely, an upswing above the right shoulder at $0.86 could trigger increased demand for MATIC.
Despite some fluctuations, MATIC remains predominantly bullish, with prices rising from $0.61 on Oct. 22 to $0.76 on Nov. 22. Analysts forecast a further increase, predicting the coin to reach $0.86 by December 2023.
PepeCoin (PEPE) Performance
Traders are currently focusing their attention on PepeCoin (PEPE), which has shown promising movements in the market. The PepeCoin team recently transferred 418 billion PEPE to Binance Earn as a reward for Binance users.
PEPE continues to exhibit an uptrend, consistently trading above the 21-day EMA. Starting from Oct. 22, PEPE has seen a rise from $0.00000074 to $0.0000010.
Market analysts are optimistic about PEPE, forecasting the token to retest $0.000001 by the conclusion of 2023.
Everlodge (ELDG) – The Rising Star
Everlodge (ELDG) is positioning itself to outshine competitors like Polygon and PepeCoin. With a focus on becoming a leader in the real estate market, Everlodge is currently in stage 7 of its ongoing presale.
Investors are showing considerable interest in buying ELDG, especially given the innovative approach of allowing clients to own fractions of luxury properties as non-fungible tokens (NFTs) through blockchain technology.
Everlodge takes it a step further by providing traders with a secondary market for NFTs, enabling them to sell their fractionalized NFTs and realize profits.
In the current presale stage, ELDG is available for $0.025. Analysts are bullish on Everlodge, anticipating the token to reach $0.038 by the end of the presale.
