Bitcoin, Polygon and Solana – European Wrap 29 October

Bitcoin price is hovering just above $60,000 after a brief dip below it on October 27. Despite the recent respite, things look grim for BTC if it cannot stay above the psychological barrier.

 

MATIC price has breached a crucial resistance barrier and is hovering above it. This recent uptick in buying pressure has triggered a massive bull run for the Layer 2 token. Therefore, investors can expect Polygon to continue its journey.

MATIC/USDT 1-day chart

Solana price rose from October 20 to October 25, setting up two new higher highs. The buying pressure failed to sustain SOL, however, leading to a correction and a lower low. While the altcoin is trying to recover, a failure to do so could result in a steep correction.

SOL/USDT 12-hour chart

 

 

 

 

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