This article covers the latest updates on three cryptocurrencies: Polygon (MATIC), Solana (SOL), and TMS Network (TMSN).
While Polygon’s (MATIC) long-term trend remains uncertain, Solana (SOL) is experiencing a decline in interest and negative sentiment, although its NFT market shows promise. In contrast, TMS Network (TMSN) is making impressive strides during its presale round, outshining established cryptocurrency projects.
Polygon (MATIC) Token: Balancing on a Precarious Edge
The fate of the long-term trend for MATIC, the native token of the Polygon network, hangs in the balance as the token trades at a crucial level. The recent bullish movement in Polygon (MATIC) price, which reclaimed the support level of $1.07, reached a high of $1.25 on March 18th.
Polygon’s (MATIC) current neutral trend, as shown by the daily RSI at 50, leaves room for uncertainty. A breakdown in Polygon’s (MATIC) trend could lead to a fall to $0.93, while a higher low could mean a continuation of the rally towards the $1.57 yearly high.
Technical analysis shows that the entire 394% increase in Polygon (MATIC) price since June 2022 was contained in an ascending parallel channel, which usually contains a corrective structure. Polygon’s (MATIC) support line coincides with the March 10th low, and a breakdown would invalidate the bullish structure, which could lead to a fall to $0.31. However, creating a higher low and moving above the channel’s midline could invalidate this bearish forecast for Polygon (MATIC), and result in an increase toward the channel’s resistance line at $1.70.
Solana’s (SOL) NFT Market Offers Hope Amid Declining Interest and Negative Sentiment
Solana (SOL) has been struggling recently due to criticism over its frequent downtimes. However, new data reveals that there has been a surge in Solana’s (SOL) transaction volume, reaching its highest point in six months. Despite this positive news, Solana’s (SOL) DEX volume, and active addresses have fallen, potentially linked to underperforming DeFi protocols on the network. Additionally, social mentions and engagement for Solana (SOL) have decreased, resulting in a pessimistic outlook from the crypto community. This negativity has impacted the price of Solana (SOL), which has decreased substantially over the last month. However, the NFT market on Solana (SOL) could potentially turn things around for the protocol, as data shows an increase in NFT trades in recent days. This could spark renewed interest in Solana (SOL).
TMS Network (TMSN) Presale Exceeds Growth Rate of Established Cryptocurrency Projects
TMS Network (TMSN) is a decentralized trading platform that has a goal of transforming the traditional trading model to make it more accessible, efficient, and secure. TMS Network (TMSN) provides a convenient and streamlined trading experience for stocks, CFDs, forex, and cryptocurrencies, with the added benefit of rapid deposit and withdrawal capabilities using digital currency. TMS Network (TMSN) employs blockchain technology to guarantee the transparency, immutability, and safety of all transactions. This eliminates the need for intermediaries, which reduces costs and leads to faster transactions. Additionally, TMS Network (TMSN) is user-friendly and comes with an intuitive interface to make navigation and trading seamless. Furthermore, TMS Network (TMSN) also aims to promote financial literacy and education by providing users with educational resources and tools to help them make informed decisions.
TMS Network (TMSN) strives to promote decentralization, and reduce dependence on centralized systems, which will contribute to financial stability and market trust. TMS Network (TMSN) has demonstrated impressive growth rates during its presale round, and has exceeded those of established cryptocurrency projects. At present, TMS Network’s (TMSN) presale tokens are valued at $0.046, reflecting a substantial 1200% increase from the initial launch price of $0.003.
Presale: https://presale.tmsnetwork.io
Website: https://tmsnetwork.io
Telegram: https://t.me/TMSNetworkIO
Twitter: https://twitter.com/@tmsnetwork_io
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
