Solana (SOL) and Polygon (MATIC) reported losses for the day. Both of the tokens’ prices were predicted to decrease, as well. As American jobs data revealed a stubbornly strong labor market, the cryptocurrency market corrected. This economic indicator reaffirmed the US Federal Reserve’s intention to raise interest rates aggressively, which would cause a rapid decline in digital assets. Flasko, which has already provided its presale buyers with a sizable investment allocation, is one example of a reliable and highly yielding cryptocurrency that investors are encouraged to back.
Polygon (MATIC) May Experience Another Rejection
The price of Polygon (MATIC) is currently trading within an ascending triangle to reach the critical resistance level at $0.84 quickly. The Polygon (MATIC) price may experience another rejection in the next few days, despite the asset having tried to cut through the upper resistance a few times but failed.
The rejection, however, can further spur a catapult action to surge high and approach the nearby barrier at $1.14, surpassing $1. The price of Polygon (MATIC) has increased following a recovery from the triangle’s lower support levels, and it may be moving toward the key resistance area. Like the prior trend, just before reaching its monthly highs over $0.98, the Polygon (MATIC) price may again experience rejection and see a little retreat.
Solana (SOL) Anticipated To Drop Further
Given that the volatility has been significantly reduced, the price of Solana (SOL) has continued to extend the negative descending triangle. The DEX activity had a significant uptick twice as high as the CEX activity. The price of Solana (SOL), which has increased by almost 11%, is still firmly entrenched in the top 10, but if bulls aren’t drawn to it, it may soon signal an exit.
Since hitting its highs above $250 in Q4 2021, the price of Solana (SOL) has been trapped inside a sizable downward triangle. In Q1 2022, it attempted a v-shaped rebound but was unsuccessful and plummeted 79% to reach the current trading range. In the upcoming days, it is anticipated that the price of Solana (SOL) will breach the lower support and drop below $10.
Flasko (FLSK) Will Offer High Potential Return
Analysts believe that making an early investment in Flasko may present a chance for significant future gains. As the first cryptocurrency platform to provide investors with NFTs backed by tangible assets of premium spirits, Flasko has made a name for itself in the rapidly expanding trillion-dollar market.
Presently, the presale of Flasko is offered for only $0.065. The project has proven its reliability by passing its audits with Solid Proof. Flasko is also projected to be the most successful project of 2022 based on its attributes, which include a 33-year lock on liquidity and two-year selling restrictions on holdings.
Don’t miss the opportunity to participate in this year’s creative project with the highest potential return.
Source : Cryptodaily