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Opposite Price Movements for ADA and MATIC: Predicting Targets

Apr 27, 2024

Altcoin prices for Cardano (ADA) and Polygon (MATIC) have not shown significant increases recently, unlike what some were hoping for an "altcoin season." ADA's price dropped by 8.10% in the last week, while MATIC saw a slight rise of 1.92% during the same period. Coin Edition evaluates whether this could be a good opportunity to purchase these tokens.

When analyzing ADA's current price of $0.45, it is suggested that if the $0.44 support level is maintained, ADA could potentially move towards $0.48. On the other hand, indicators like the Chaikin Money Flow (CMF) and Awesome Oscillator (AO) readings for MATIC hint at a possible decline to $0.64.

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