The video discusses the recent performance of Near Protocol and Polygon (formerly Matic Network). Near Protocol has seen a significant increase of 16% over the past week, climbing to the 31st largest cryptocurrency by market cap, while Polygon has risen by 7% today and 18% over the past week, ranking as the 10th largest cryptocurrency. The video offers analysis on the technicals of Near Protocol and predicts that it could reach $3.25 in the near future. As for Polygon, it offers long-term potential despite not having as much gain potential as Near Protocol.
Today we’re going to be talking about Near Protocol, which has seen a 16% rise over the last week, with 14.8% of that increase happening in just the last 24 hours. As of now, Near Protocol is the 31st largest cryptocurrency in terms of market cap, with a volume of approximately $532 million.
Near Protocol Technical Analysis
Looking at the technicals on the daily chart, Near Protocol is showing a healthy uptrend, with some regular breaks in between. This is a positive sign as it indicates a balance between buyers and sellers, which is necessary for healthy and consistent growth in the market. Based on these trends, Near Protocol is expected to rise towards the 3.25 level soon, with a potential retracement to the 2.30 support and resistance level. If buying around the 2.40 to 2.15 range, the target should be set at 3.26 for a potential 58% gain.
Polygon (formerly Matic Network) has seen an impressive 7% increase today, with 18% over the last week, landing in the top 10 cryptocurrencies. It has a volume of over a billion dollars in the last 24 hours, and is currently residing at a level of 1.30.
Polygon Matic Technical Analysis
While not offering as much potential for gain as Near Protocol, with an all-time high of three dollars, Polygon Matic is still showing promising trends. There is a potential for a 2x increase in value.
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