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SOL and MATIC Price Analysis for October 4

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Tue, 4/10/2022 - 15:56
SOL and MATIC Price Analysis for October 4
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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

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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.

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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.

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