Forecast Frenzy: A Week of Crypto Predictions for Bitcoin, Polkadot, and Polygon (MATIC)!

  • Bitcoin’s price could potentially drop to $22,000, as it has been trading within a narrow range since March.
  • DOT Coin is struggling to maintain its support at $4.22.
  • If MATIC Coin’s decline continues, the next support level could be at $0.45.

Bitcoin’s price continues to hover around the $26,000 mark, indicating a lack of increased demand in a bearish market. Meanwhile, DOT Coin is battling to hold onto its $4.22 support, and MATIC Coin could see its next support level at $0.45 if the current downtrend persists.

Bitcoin’s Price Predictions Amid Market Uncertainty

Bitcoin’s price has been largely stagnant since August 18, with the $25,136 support level largely holding. However, for a reversal to commence, we need to see convincing 4-hour closures above the $26,726 line. If the price continues to decline and breaks the base line, sales could accelerate to $22,000 after $24,800.

On the weekly chart, the medium-term range we previously drew is being maintained. The price is now at the base line and continues to trade within the current range since the week of March 20. From here, an upward breakout, i.e., closures above $32,000, could now end the bearish trend at the bull peak.

Polkadot (DOT) Analysis

Polkadot has been trading in a narrow range between $4.22 and $4.56 for the past few days. This shows that the bulls have successfully defended the $4.22 support but have not been able to rise above the $4.56 resistance. A small positive point in favor of the bulls is that they have not given up much from the overall resistance, which increases the possibility of a break above the resistance.

The DOT/USDT pair could first rise to the 20-day EMA ($4.68) and eventually reach the $5 breakout level.

Polygon (MATIC) Analysis

Polygon is gradually being dragged towards the vital support of $0.51, indicating that the bears are continuing the pressure. If this region is lost, sales could accelerate. In this case, a drop to $0.45 is possible. The critical resistance to watch on the upside is $0.60. If buyers overcome this obstacle, the recovery could reach the 50-day SMA ($0.68).

Conclusion

With the current market conditions, Bitcoin, DOT Coin, and MATIC Coin are all facing their respective challenges. While Bitcoin’s price could potentially drop to $22,000, DOT Coin is struggling to maintain its support at $4.22. If MATIC Coin’s decline continues, the next support level could be at $0.45. As always, investors should conduct their own research and be aware of the high volatility and risks associated with cryptocurrencies.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news.

BREAKING NEWS

Bitcoin 24h: CEX Net Outflow of 1,609.79 BTC — Binance Leads Outflows, Coinbase Pro Records 2,454.15 BTC Inflow

According to Coinglass data, centralized exchanges recorded a cumulative...

Coinglass Warns Ethereum Could Trigger $1.488B Long Liquidations Below $4,500 or $1.566B Shorts Above $4,800 on CEXs

Coinglass data cited by COINOTAG on September 14 indicates...

Bitcoin Reacts to Fed’s Likely 25bps Cut: Markets Brace for Powell’s Dot Plot and Global Rate Decisions

Recent macro releases — a moderate CPI and PPI...

Vitalik Buterin Announces Ethereum’s 10x Capacity Push via Layer-2 at EthTokyo 2025, Urges Asian Developers

At EthTokyo 2025, Ethereum co‑founder Vitalik Buterin outlined a...

Bitcoin Dominance Drops to 57.35%, Nearing 2025 Low as Matrixport Signals Altseason

COINOTAG reported on September 13 that market data shows...
spot_imgspot_imgspot_img

Related Articles

spot_imgspot_imgspot_imgspot_img

Popular Categories

spot_imgspot_imgspot_img