Market Expert Anticipates Positive Shifts: Outlook Bright for Polygon, THORChain, and Ocean Protocol

Renowned crypto trader Rekt Capital is optimistic about the long-term prospects of the blockchain scaling solution Polygon (MATIC) and two other altcoins. 

According to the analyst’s insights shared on X, MATIC is poised to initiate a new macro uptrend after breaking its bear market diagonal resistance. The chart analysis indicates a key resistance point at $1.07, with MATIC currently trading at $0.891. Additionally, Rekt Capital highlights a positive outlook for THORChain’s native asset, RUNE. Which is attempting to overcome its second macro downtrend in three months. 

The chart suggests minimal high time frame resistance for RUNE until $12, with the current trading price at $4.80. Lastly, Rekt Capital predicts a price rally for Ocean Protocol (OCEAN), emphasizing its successful retesting of a crucial support area. The analyst underscores the importance of price stability for OCEAN to progress towards the $0.48 level.

Clever Robot News Desk 15^th November 2023