The U.S. markets are closed, so of course we look at the live Bitcoin (BTC) price and the prices of the top 25 crypto. Then we look at the Solana (SOL) and Polygon (MATIC) price forecast. Finally, we share a handy crypto trading tip.
We begin, of course, with the live Bitcoin (BTC) price and the prices of the top 25 crypto.
Live Bitcoin (BTC) price and prices top 25 crypto rise further
At the time of writing, the live Bitcoin (BTC) price is quoting EUR 21,719.16 ($21,908.06). This is 4.43% higher than yesterday around this time and 3.81% higher than during our crypto update on Friday.
The prices of most of the top 25 crypto also continue to rise. Apart from the stable coins, only Leo Token (LEO) is still recording a small loss at -0.64%. The biggest gain is currently +23.52%. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
We already analyzed this afternoon how the weekend’s price increases affect sentiment for the Bitcoin (BTC) price. In doing so, we see that it could be a volatile week full of surprises. Tonight we focus on 2 other crypto that are riding high in the prices, Solana (SOL) and Polygon (MATIC).
Have the crypto bears been defeated at the Solana (SOL) price?
Over the weekend, the Solana (SOL) price rose 25%. Currently, the live Solana (SOL) price is $41.88. This is 7.70% higher than yesterday around this time. However, if we do the technical analysis for this currency, it remains to be seen if this defeats the bears.
On the one hand, we see that there are indications that the price could break through $44 and thus open the way to $47. With this, a 10 to 15% price increase is in the offing. You can see the technical analysis in the video analysis below.
As we can see, a close above $50.50 is needed to chase the bears away for good. If successful, a further rally to $55 is possible, bringing the price gain to 35%.
However, if the price stays below $50.50, the bears will get another chance and things could get rough. The targets then shift to $ 34.- and $ 31.-.
Polygon (MATIC) records more than 100% gain in 1 month. What next?
We already saw this afternoon that the Polygon (MATIC) price scored a phenomenal return of well over 100% over 30 days.
The coin’s performance had been underperforming for some time. Because Polygon (MATIC) resides on the Ethereum (ETH) blockchain, it is benefiting from the positive news about the Merge update and the transition to Proof of Stake. In addition, the situation is favorable for investors. Indeed, a Polygon (MATIC) rise currently also leads to a win-win for investors. All this led to the huge price increase we saw today. In crypto, such a large price rise (almost) always implies that a correction cannot be long in coming.
This is what we expect from the Polygon (MATIC) price in the short term
At the time of writing, the Polygon (MATIC) price is quoting $0.952. This is 25.88% higher than yesterday and thus this crypto seems on web to attack the psychological resistance at $1. If successful, more than 50% of Polygon (MATIC) investors will be back in profit.
If this fails we should expect a correction. This scenario seems the most likely given the still sluggish market. If this happens a drop to $0.85% and in the worst case even $0.67% is possible. These resistances are at the 23.6% and 50% FIB retracement.
Now that we see that the market is still uncertain you can obviously continue to set yourself up to make money in uncertain conditions for crypto. However, there is a surprisingly simple strategy that you can easily apply. However, there are more crypto trading tips.
This simple crypto trading tip can make you money
So we saw a crypto trading tip pass by which comes in handy precisely at this time. After all, after the bearish period we often suddenly see sharp price rises. However, it’s difficult to see whether these have any stability or whether they will reverse during the course of the trading day and might even lead to a loss. To prevent this you’d better not trade too favourably and wait for the daily candle stick. How this works you’ll see in the concluding crypto trading tip below.
Of course we’ll keep on following the developments. This way we can immediately see how valuable this tip is.
Are you curious about the price expectations for other investments?
So we see that there is an exciting week with a lot of volatility in the crypto market. In addition to crypto, there are of course many other investments, such as stocks, government bonds, gold, oil and FOREX. How the price expectation is there we shared this morning in our analysis ‘the price expectation’ on MANNERS.co.uk.
Want to stay up to date with the latest price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”