A Long-Term Bullish Outlook
A popular crypto trader, known as Rekt Capital, has expressed a long-term bullish outlook on the blockchain scaling solution Polygon (MATIC) and two additional altcoins.
The pseudonymous digital asset analyst informed his 368,100 followers on the social media platform X that MATIC is “on the cusp of entering a new macro uptrend” after successfully surpassing its bear market diagonal resistance.
Examining the trader’s chart, the next point of resistance for MATIC is identified at $1.07. As of the latest update, MATIC is currently trading at $0.891.
Bullish Signals for THORChain (RUNE)
Rekt Capital’s analysis extends to RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain. The trader notes, “RUNE is trying to break its second macro downtrend in three months. First, it was red. Now, it is blue. Over time, it will also be black.”
The analyst’s chart indicates that RUNE faces no high time frame resistance until $12. As of the latest update, RUNE is trading at $4.80.
Rally Predictions for Ocean Protocol (OCEAN)
Rekt Capital also anticipates a price rally for Ocean Protocol (OCEAN), a project aiming to enable users to access and monetize data using artificial intelligence.
“Still successfully retesting this green area as support, downside wicking into it and even forming a higher low in the wicks. Price stability is essential here to continue its move to the ~$0.48 level above (red),” the trader explains.
OCEAN is currently trading at $0.381 as of the latest update.
