Coinpedia-Market-Insight

Will MATIC Make A Comeback To $1?

Long
COINBASE:MATICUSD   Polygon
Triangle Breakout: RUNE price completes a bullish reversal, touching $6.5 after a triangle breakout rally.
Triple White Soldier: The daily chart reveals a triple white soldier pattern in the RUNE price action.
$10 Rally Potential: A breakout beyond $6.5 could trigger a rapid rally for RUNE, setting sights on the $10 mark.
Top Performer: Among this week's top performers, Thorchain's RUNE exhibits an impressive uptrend.
Yearly Surge: With a YTD growth of 194%, RUNE maintains bullish momentum into the close of 2023.
Continuation Pattern: The 4H chart displays a rounding bottom pattern, hinting at a potential breakout.
Current Trading: Presently traded at $6.36, showing a 21.20% surge in the last three days, forming the triple white soldier pattern.
Supportive Indicators: RSI reversal to overbought territory and strong EMA trends bolster the bullish sentiment for RUNE.

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