Crypto analyst Jason Pizzino has expressed bearish sentiment on two of Ethereum’s (ETH) top 10 rivals, while offering a bullish outlook on one other altcoin. increase.
Polygon (MATIC), Pizzino, To tell His 278,000 YouTube subscribers show higher lows for Ethereum’s scaling solution, which is a bullish signal.
“What makes these highs and lows is like a MATIC…
Look at June, then look at the September and October lows. This is the higher low. Very clear highs and lows.
That’s not to say it’s irreversible, but there’s no doubt that the market will start to make higher lows and show some strength.
Polygon hit a low of $0.35 in June and is trading at $0.96 at the time of writing.
Next, the crypto analyst and trader believes Cardano (ADA) is forming a bearish signal low while Ethereum rival Solana (SOL) is likely to fall below June lows. It is said that
Especially ADA forming lows
Solana, a quick look at the chart here is very close to that low. But it just doesn’t have that drive-through. So I’d really like to see it bounce back relatively soon.
At the time of writing, Cardano is currently up 4% and trading at $0.41, just below its June low.
Solana is trading at $32.92 at the time of writing, up 5% on the day but just above its June low of $28.
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