{"id":199442,"date":"2023-11-24T00:31:47","date_gmt":"2023-11-23T19:01:47","guid":{"rendered":"https:\/\/dripp.zone\/news\/uncertainty-spreads-as-recovery-stalls-under-0-8-end-of-the-road-for-bulls-crypto-news\/"},"modified":"2023-11-24T00:31:53","modified_gmt":"2023-11-23T19:01:53","slug":"uncertainty-spreads-as-recovery-stalls-under-0-8-end-of-the-road-for-bulls-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/uncertainty-spreads-as-recovery-stalls-under-0-8-end-of-the-road-for-bulls-crypto-news\/","title":{"rendered":"Uncertainty Spreads As Recovery Stalls Under $0.8, End Of The Road For Bulls? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-165803\">\n<p>\nPolygon Price Prediction highlights a building bullish thesis amid the possibility of a breakout from the descending channel for highs above $1.\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"2710\" height=\"1454\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Polygon price prediction chart\" decoding=\"async\" fetchpriority=\"high\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46.png 2710w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-300x161.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-1224x657.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-768x412.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-1536x824.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-2048x1099.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-150x80.png 150w\" sizes=\"(max-width: 2710px) 100vw, 2710px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 3 seconds ago  <\/p>\n<div class=\"Atcs\">\n<p class=\"p1\">Polygon price prediction: Altcoins are back on the bullish path following a couple of days of wallowing in declines due to the events in the crypto space this week. <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/polygon\/\"><span class=\"s1\">Polygon price<\/span><\/a>\u00a0was not spared as it extended the decline to $0.722.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">With this support intact, bulls have been able to regain control of the trend. However, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\/coins\/polygon\">MATIC<\/a> is still a long way to go before confirming the expected breakout beyond $1.<\/p>\n<p class=\"p1\">The Ethereum layer-2 solutions provider although up 2.7% in the last 24 hours, is down 11.6% in seven days and 7.5% in a fortnight. A sustained recovery could help protect a 23.5% increase in value, accrued over the last 30 days.<\/p>\n<h2 class=\"p1\">Polygon Price Prediction: MATIC Eyes Key Pattern Breakout<\/h2>\n<p class=\"p1\">MATIC is trading within the confines of a descending channel whose lower boundary support helped mitigate the bearish situation this week. After bouncing off the support around $0.722 marked by the grey area on the four-hour chart, Polygon price confirmed the increasing presence of the bulls by stepping above the 200-day Exponential Moving Average (EMA) (purple).<\/p>\n<p class=\"p1\">A subsequent move above the channel\u2019s middle boundary support\/resistance seems to be encouraging more buyers to step in. If this action behind MATIC continues in the coming sessions, a breakout above the upper channel resistance could follow.<\/p>\n<figure id=\"attachment_165804\" aria-describedby=\"caption-attachment-165804\" style=\"width: 2710px\" class=\"wp-caption aligncenter\"><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-165804\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"Polygon price prediction chart\" width=\"2710\" height=\"1454\" data-lazy-srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46.png 2710w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-300x161.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-1224x657.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-768x412.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-1536x824.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-2048x1099.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-150x80.png 150w\" data-lazy-sizes=\"(max-width: 2710px) 100vw, 2710px\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-165804\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46.png\" alt=\"Polygon price prediction chart\" width=\"2710\" height=\"1454\" srcset=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46.png 2710w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-300x161.png 300w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-1224x657.png 1224w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-768x412.png 768w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-1536x824.png 1536w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-2048x1099.png 2048w, https:\/\/coingape.com\/wp-content\/uploads\/2023\/11\/MATICUSD_2023-11-23_20-30-46-150x80.png 150w\" sizes=\"auto, (max-width: 2710px) 100vw, 2710px\"\/><\/noscript><\/a><figcaption id=\"caption-attachment-165804\" class=\"wp-caption-text\">Polygon price prediction chart | Tradingview<\/figcaption><\/figure>\n<p class=\"p1\">The Moving Average Convergence Divergence (MACD) indicator reinforces the bullish theory. A buy signal on the daily chart manifested with the MACD line in red crossing above the signal line in blue.<\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">Key movements traders should watch out for include the impending breakout above the falling channel and the subsequent move past the resistance highlighted in the red band.<\/p>\n<p class=\"p2\"><span class=\"s2\"><b>Recommended for you:<\/b>\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/xrp-price-prediction-like-ethereum-xrp-breaks-out-flaunting-16-5-rally\/\"><span class=\"s1\">XRP Price Prediction: Like Ethereum, XRP Breaks Out Flaunting 16.5% Rally<\/span><\/a><\/span><\/p>\n<p class=\"p1\">Investor and crypto analyst Micha\u00ebl van de Poppe boasting over 674k followers on X said in a recent post that \u201cthe next run on altcoins is currently loading up.\u201d<\/p>\n<p class=\"p1\">He added that the bull run is heavily reliant on the approval of\u00a0<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/why-bitcoin-etf-is-such-a-big-deal-is-it-possible-though\/?utm_source=24hrsupdateall\"><span class=\"s1\">Bitcoin spot exchange-traded funds (ETFs)<\/span><\/a>.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">The next run on <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Altcoins?src=hash&#038;ref_src=twsrc%5Etfw\">#Altcoins<\/a> is currently loading up.<\/p>\n<p>The significance of a spot <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF is large and given the recent news items, the odds of an approval are increasing, so coming weeks are most likely continuing the upwards momentum.<\/p>\n<p>We&#8217;re in a bull cycle.<\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/CryptoMichNL\/status\/1727636963652505687?ref_src=twsrc%5Etfw\">November 23, 2023<\/a><\/p>\n<\/blockquote>\n<p class=\"p1\">The odds of the Securities and Exchange Commission (SEC) greenlighting the ETF have been increasing lately, especially with reports of BlackRock meeting with the agency and Grayscale amending its proposal to convert its Bitcoin Trust (GBTC) product to a spot ETF.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Grayscale updated their <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> ETF application!<\/p>\n<p>There is definitely something going on. \ud83d\udc40 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WbWcv7iN8a\">pic.twitter.com\/WbWcv7iN8a<\/a><\/p>\n<p>\u2014 Mister Crypto (@misterrcrypto) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/misterrcrypto\/status\/1727586189522198731?ref_src=twsrc%5Etfw\">November 23, 2023<\/a><\/p>\n<\/blockquote>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p class=\"p1\">The Relative Strength Index (RSI) with strength slightly above 45 and trending upwards is another bullish signal. For now, looking out for a break above the channel and more importantly, the hurdle at $0.8 could help traders catch the uptrend to highs above $1 at an early stage. Support provided by the 200 EMA and the buyer congestion at $0.722 are in line to arrest the bearish situation if attempts to break above $0.8 culminate in more losses.<\/p>\n<h3 class=\"p1\">Related Articles<\/h3>\n<p><noscript><link rel=\"stylesheet\" href=\"https:\/\/coingape.com\/wp-content\/cache\/min\/1\/e79328bc378ae34446b8e810b83b3a43.css\" media=\"all\" data-minify=\"1\"\/><link rel=\"stylesheet\" id=\"dscf7-math-captcha-style-css\" href=\"https:\/\/coingape.com\/wp-content\/plugins\/ds-cf7-math-captcha\/assets\/css\/style.css?ver=6.3.2\" type=\"text\/css\" media=\"1\"\/><\/noscript><\/p><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/polygon-price-prediction-as-matic-sends-bullish-signals-herere-the-next-key-targets\/&#038;text=Polygon Price Prediction As MATIC Sends Bullish Signals, Here\u2019re The Next Key Targets\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/polygon-price-prediction-as-matic-sends-bullish-signals-herere-the-next-key-targets\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/polygon-price-prediction-as-matic-sends-bullish-signals-herere-the-next-key-targets\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/polygon-price-prediction-as-matic-sends-bullish-signals-herere-the-next-key-targets\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA165803\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market.                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/382b200bdfe14eeef2a23454909dbc78?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD165803\">\n<p>  The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/news\/altcoin-news\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Polygon Price Prediction highlights a building bullish thesis amid the possibility of a breakout from the descending channel for highs above $1. Published 3 seconds ago Polygon price prediction: Altcoins are back on the bullish path following a couple of days of wallowing in declines due to the events in the crypto space this week. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":199443,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-199442","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/199442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=199442"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/199442\/revisions"}],"predecessor-version":[{"id":199444,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/199442\/revisions\/199444"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/199443"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=199442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=199442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=199442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}