Here are the Top 3 100x Gems Which are Ready to Explode
Chainlink (LINK) Price Analysis
this Chain link price After being beaten for a while, it rebounded from rising support. From this, bulls appear to be becoming active as buying pressure begins to build. After last week’s sharp gains, prices are still consolidating in a range. Does this indicate that bears are about to take over the rally?
The weekly chart of LINK price suggests that bears are struggling to contain the gains. The Gaussian channel has turned bearish, while the 50/200 daily EMA is once again attempting a bullish crossover after a failed attempt a few weeks ago. However, the RSI remains high, while the OBV level has increased slightly, indicating that traders are bullish on LINK. Additionally, the trading setup suggests that next week’s candle could be a strong bullish one, with a gain of over 30% and reaching 1 FIB, close to the yearly high of $25.
Arbitrage (ARB) Price Analysis
Arbitrum had a bearish start to its trading journey after hitting highs; however, the coin advanced further to reach a new ATH price of $2.4. At the same time, the coin faced a sharp correction, bottomed out, and briefly consolidated before seeing a healthy rebound. at present, price It is in the middle of a good uptrend with an upper target around $1.22.
As shown in the chart above, ARB price is testing the trend reversal zone just below $1 over the past few days. Unfortunately, bears have defended this range, suggesting another pullback may be coming soon. Additionally, the decline in buying volume suggests that the MACD may be heading for a bearish crossover, which would confirm the bearish assertion. Therefore, ARB price is likely to recover back to $0.92 before rebounding above $1 and reaching the overhead resistance zone around $1.22 by the end of 2024.
Polygon (MATIC) Price Analysis
Polygon, or POL, prices have been on a healthy upward trend since the beginning of the month as buying volumes increased significantly. Furthermore, the price has entered a key range, clearing the ground and likely to resume strong gains towards higher targets. Technicals are bullish, so prices are expected to rise and hit key resistance levels soon.
After a sharp downtrend price A rise has begun, aiming to reach key resistance levels. Meanwhile, the Gaussian Channel has turned bullish after more than 6 months of being bearish. This suggests that prices are expected to remain high as the 200-day EMA provides strong support to prices. Therefore, the price seems ready to rise and reach important range, which is also a trend reversal level around $0.8 before the end of 2024.
