ADA, MATIC Flash Opposite Signals: What Are the Targets?
- While ADA’s price decreased in the last seven days, MATIC registered a slight increase.
- Defending the $0.44 support could send ADA toward $0.48.
- The CMF and AO readings suggested that MATIC might decline to $0.64.
Like many cryptocurrencies in the market, altcoins prices like that of Cardano (ADA) and Polygon (MATIC), have failed to make significant upticks. For many participants, this calls for worry considering that there have been talks about an “altcoin season.” But it has not come to life.
For those unfamiliar, altcoins season occurs when Bitcoin’s (BTC) dominance drops and the price of other cryptocurrencies outperforms BTC for some months. However, on average, we’ve not seen that happen this cycle.
Looking at the price of ADA, CoinMarketCap showed that it decreased by 8.10% in the last seven days. MATIC, on the other hand, only managed a 1.92% increase within the same period. Despite the underwhelming performances, Coin Edition assesses whether it is a good time to buy the tokens.
Cardano (ADA)
ADA’s price at press time was $0.45. However, the downtrend on the 4-hour ch…
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