Crypto Strategist Warns Solana (SOL), Polygon (MATIC) and One Additional Altcoin Primed for Pullbacks
— Warning, Solana, Matic — 1 min read
Three altcoins, including Solana (SOL) and Polygon (MATIC) appear poised for a corrective move after rallying from their 2022 lows. Altcoin Sherpa expects one indicator on the four-hour chart to act as a resistance that could send the prices of SOL, MATIC and LooksRare (LOOKS) tumbling in the short term. At time of writing, Solana is trading for $37.90, down almost 3% on the day. Polygon is valued at $0.51, below the 200 EMA and down over 6% in the past day. The crypto strategist says LOOKS, the utility token of the NFT marketplace LooksRare, is on the same boat as SOL. Source