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Brace for a breakout: Solana key support and resistance levels to watch

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Solana (SOL) is poised for more aggressive moves once it breaks out from its current consolidation period. On that note, there are key support and resistance levels that Solana investors and traders should watch moving forward. Technical analysis on the SOL/USD daily price chart shows Solana trading at $159 without a clear direction. This is slightly below the 30-day exponential moving average of $162, another key level to watch for both support and resistance insights. Notably, the most popular Ethereum (ETH) competitor has kept a 2-month price range between $138 and $175. These make key support and resistance levels for Solana, although four deviations occurred—three downwards and one upwards. Picks for you ChatGPT-4o predicts Bitcoin price as U.S. CPI inflation cools 1 hour ago ...

Polygon (MATIC) hovers near key level ahead of Etrog upgrade

Polygon (MATIC) traded near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog upgrade. MATIC could breakout to above $1 if bulls hold key level, or likely retest the important support zone at $0.5. Polygon (MATIC) price was trading near $0.78 on Monday as the Ethereum scaling solution moved closer to its Etrog mainnet upgrade . The altcoin, which rose to above $0.79 amid a 20% spike in trading volume, was among the few cryptocurrencies in the top 20 by market cap to hover flat as Bitcoin retreated below $43k to mirror US stock declines. MATIC outlook as Polygon eyes Etrog upgrade Last month, Polygon Foundation announced a 10-day countdown to the activation of the Etrog upgrade on mainnet.  As noted in a blog post, the upgrade is for Polygon zkEVM and is set to bring support for pre-compiled smart contracts. The release is expected to transform the zkEVM closer to a Type 2 ZK-EVM, – that is, an EVM-equivalent ZK rollup. ...