Original U.Today article

SOL and MATIC Price Analysis for October 4

Tue, 10/04/2022 - 15:56

Which coin from top 10 list has biggest growth potential?

SOL and MATIC Price Analysis for October 4

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Bulls keep their dominance as the prices of most of the coins are rising.

Top 10 coins by CoinMarketCap

SOL/USD

Solana (SOL) has followed the rise of Bitcoin (BTC), going up by 3.63% over the last 24 hours.

SOL/USD chart by Trading View

On the daily chart, the price of SOL is approaching the local resistance level at $34.84. If the daily candle closes near it with no long wicks, the altcoin may start its midterm bull run as enough power has been accumulated for a continued move.

ADA and BNB Price Analysis for October 3

If that happens, it can lead to the test of the $40 zone.

SOL is trading at $34.30 at press time.

MATIC/USD

MATIC is the biggest gainer today, rocketing by 6%.

MATIC/USD chart by TradingView

On the daily chart, MATIC has entered the midterm bullish zone after the breakout of the $0.83 level. If buyers can hold this mark until the end of the day, traders can expect a further rise to the resistance area around $0.90 by the end of the month.

MATIC is trading at $0.8399 at press time.

#SOL price prediction #Matic price prediction

About the author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing, ATB Coin, and others, can be contacted at denys.serhiichuk@u.today.