- Daily Price Action shared their predictions for certain cryptocurrencies last week.
- If BTC is able to trade above $23,130, the price of the crypto will likely climb to $23,800.
- There has recently been some cause for concern when it comes to MATIC, and its ability to close above $1.1790.
The crypto education platform, Daily Price Action, shared their predictions for certain cryptocurrencies for the week to come. The cryptos included in these predictions are Bitcoin (BTC), Ethereum (ETH), and Polygon (MATIC).
Bitcoin/Tether US 1D (Source: TradingView)
According to Daily Price Action, BTC will have to start trading above the $23,130 monthly open. If this is not the case, this resistance will only become stronger, and the price of the crypto market leader will be at risk of falling to $20,800.
On the other hand, if BTC is able to trade above $23,130, the price of the crypto will then likely climb to $23,800. At the moment, BTC is trading hands at $22,412.37 after a 0.09% increase in price over the last day, according to CoinMarketCap.
Ethereum/Tether US 1D (Source: TradingView)
With regards to ETH, the resistance lies at $1,600 while the monthly close is just above this at $1,605. If ETH is unable to rise above this price, the altcoin’s price will probably fall to $1,500.
Data from CoinMarketCap indicates that ETH is currently worth about $1,562.18 after a 0.44% drop in price over the last day. It is also still down by more than 4% over the last week.
MATIC Network/Tether US 1D (Source: TradingView)
There is also some cause for concern when it comes to MATIC, as the altcoin has been struggling to close above $1.1790 lately. If MATIC remains beneath this level, the price of the crypto will likely drop to $1.056.
Daily Price Action reports that MATIC looks increasingly weak, which means that people can expect the price of the crypto to drop to this $0.056 level soon. At the moment, MATIC is trading hands at $1.13 after a 0.68% drop in price over the last 24 hours.
Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.
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