Matic, Polkadot and Ethereum Classic price analysis

We will take a look at the changes in the prices of 3 important cryptocurrencies on the first day of June. With the effect of the correction in Bitcoin, there were serious fluctuations in the prices of Matic, Polkadot and Ethereum Classic.

Polygon (Matic)

On Coinbase With the effect of the listing, Matic was perhaps the least affected cryptocurrency by the correction that dominated the Bitcoin and cryptocurrency markets in general.. We can say that Polygon almost made up for his losses.. In the chart below, we see data of Matic prices, Bollinger Bands and ADX.

Bollinger Bands have widened considerably according to daily prices, indicating high volatility.. Matic prices break above BB’s midline. ADX data, on the other hand, does not give a clear idea of ​​the trend change.. However, we can receive signals in the direction of weakening of the uptrend.

Polkadot (DOT)

Polkadot broke the all-time record with $49.69 on May 15th.. At the time of writing, it is traded in the band of 22 dollars.. DOT, which has lost more than half of its value due to the impact of the crisis in the crypto money markets, is currently in the process of consolidation.

Please See: Ethereum price increase can lead to DeFi gave! What’s next?

In the chart below, we see Polkadot daily prices, BB and MACD charts together. Unlike Matic, DOT prices are in the lower half of the BB range. A bottom is starting to become evident in MACD values. Based on the MADC and histogram values, we can think that the downtrend in DOT is about to end.

Ethereum Classic (ETC)

Above Ethereum Classic is the only cryptocurrency in the Grayscale portfolio among cryptocurrencies.. ETC performed excellently in the first half of May, hitting $176 on May 6, breaking the all-time record. ETC is trading above $65 at the time of writing.

In the chart below, we see ETC daily prices, BB and Stock RSI values ​​together.. ETC about to break into upper half of BB. In other words, it is about to rise above the 21-period moving average level.. Stock RSI values ​​continue to rise.. An upward trend, albeit sideways, has started to become evident in ETC.

ETC may face resistance at $70.

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