In the past month, two prominent projects, Polygon (MATIC) and Cosmos (ATOM), have been under bearish pressure. Currently, investors are wondering if both tokens can regain their bullish rally. Meanwhile, a new crypto project, Pomerdoge (POMD), has captured the attention of investors. The project which is in the presale stage has seen a large influx of investors. As a result, analysts have forecasted a 40x price surge in the coming months.
Click Here To Find Out More About The Pomerdoge (POMD) Presale
Polygon (MATIC) Price Analysis
Polygon has been trading in the middle of two supply walls ranging from $0.65 to $0.70 in the past month. As reported by CoinMarketCap, the current trading price for Polygon stands at $0.667812, indicating a 4.40% price decline in the past 7 days.
The price of MATIC has fallen below both the 50-day Exponential Moving Average (EMA) and the crucial support level of $0.742. The coin is now getting closer to $0.585, the support level that was last tested in June this year. Meanwhile, Polygon has support at $0.65 and then $0.63.
In contrast, the bulls will also have to battle the resistance at $0.69 and then $0.72 to trigger a rally. However, the MACD and RSI on the daily timeframe for MATIC indicate a bearish price trend as bears continue to show much strength over bulls.
Cosmos (ATOM) Trading Volume Plunges 75%
Since the beginning of 2023, the Cosmos token has failed to reach the $15 mark despite several attempts. Currently, the token is trading at $8.49 with a market cap of $2,484,772,359. The token’s price has declined by 0.52% in the past day and 5.59% in the past week.
Cosmos is trading below the 50-Day SMA ($9.17) and 200-Day SMA ($11.11). Meanwhile, technical indicators are showing mixed sentiment. According to CoinMarketCap, the trading volume on the Cosmos network has increased by 75.30% in the last 24 hours.
This signals an increase in trading activity among Cosmos holders. However, Cosmos RSI has been declining in the past few days. Currently, the RSI value is at 37.77, which indicates that the Cosmos market is in a neutral position.
Pomerdoge (POMD) Presale Skyrockets As Investor Inflow Surges
Pomerdoge (POMD) is building a memecoin with tangible use cases, setting it apart from many other meme tokens in the crypto market. As a result, it has been generating significant excitement in the crypto scene attracting millions of investors.
Moreover, its presale is currently in its early stages, presenting investors with an opportunity to get in early. Additionally, Pomerdoge has plans to launch an innovative P2E game. The aim is to connect players from around the world, fostering competition, networking, and earning opportunities.
Furthermore, users can build their digital characters to an elite level and create custom items for their avatars. Afterward, players who attain gold status in Pomer will gain access to its game marketplace, Pomerplace.
This is of great significance as this is where players can sell valuable items like skins. The POMD token is currently available at $0.007 per token.
Find out more about the Pomerdoge (POMD) Presale Today:
Website: https://pomerdoge.com/
Telegram Community: https://t.me/pomerdoge