Since the beginning of this month, the price of MATIC has increased by over 15%.The BNB price is expected to continue to climb to the intermediate target of $300
- Since the beginning of this month, the price of MATIC has increased by over 15%.
- The BNB price is expected to continue to climb to the intermediate target of $300.
After a significant increase in the second half of June 2023, Bitcoin (BTC) has been stable around the $30500 level for some time. Throughout July, prices have been consolidating around these levels, showing a downward trend. Furthermore, this indicates that there may be breakthroughs in the near future.
On the other hand, Polygon (MATIC) and BinanceCoin (BNB) are the two counterfeit coins that have seen significant growth in popularity recently. The famous chain platform Santiment reported that as BTC prices continue to fall below $31000. These tokens have attracted the interest of many traders.
Future bullish momentum
Therefore, a huge bullish flag flutters around its value, which may be more powerful than the rise of BTC and ETH. The price of Polygon (MATIC) has been showing great strength for over a month as it continuously sets new highs and lows within its trading range.
Since the beginning of this month, the price of MATIC has risen by more than 15%, while most other Cryptocurrency (especially BTC and ETH) remain stagnant. It is expected that prices will continue to rise strongly in the coming days, reaching the first target of $0.8, and then attempting to reach $0.9, which may overcome the obstacle of achieving $1.
More importantly, BNB prices remain stable within predetermined thresholds. In the past few days, a large amount of liquidity has been injected into tokens, which has increased purchasing pressure. Due to the continued bullish technical outlook, BNB prices are expected to continue to rise gently to the intermediate target of $300.
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