A popular crypto trader has a long-term bullish outlook on the blockchain scaling solution Polygon (MATIC) as well as two additional altcoins.
The pseudonymous digital asset analyst known as Rekt Capital tells his 368,100 followers on the social media platform X that MATIC is “on the cusp of entering a new macro uptrend” after taking out its bear market diagonal resistance.
Source: Rekt Capital/X
Looking at the trader’s chart, the next point of resistance for MATIC appears to be at $1.07. At time of writing, MATIC is trading at $0.891.
Rekt Capital also has a similar analysis regarding RUNE, the native asset for the decentralized cross-chain liquidity protocol THORChain.
“RUNE is trying to break its second macro downtrend in three months. First, it was red.