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Polygon (MATIC) buyers find hope as the price remains steady in a consolidation phase.
Although MATIC has declined to the $0.50 support level, it has managed to hold its ground, maintaining a consolidation phase that began in June 2023. As of 9:21 a.m. EST, MATIC is trading at $0.51, reflecting a 0.4% increase over the past 24 hours.
The chart shows that MATIC’s price fell from the $1.55 supply zone, with bears driving the price to the $0.50 support level. However, despite the bears’ persistent efforts, this support zone has remained robust. MATIC might be a ticking bomb, poised to explode immediately as it continues its consolidation phase.
Further analysis reveals that the 50-day and 200-day moving averages sit above the current price at $0.53 and $0.75, respectively, indicating that market trends favor downward pressure on MATIC’s price. Maintaining bullish momentum and overcoming these moving averages will present a significant challenge.
Despite the Relative Strength Index (RSI) trading below the neutral zone at 42, signaling a potential surge, the bulls must exert more effort to push the RSI above 50. MATIC’s price exhibits signs of a bullish trend reversal that could propel it upwards as the bulls aim for the $1 mark, potentially realizing a 52% increase and allowing them to recoup short-term losses. In this case, $0.63 is the critical level to monitor.
Conversely, if the bears continue their resistance, a candlestick opening below the $0.50 support could lower the price to the $0.32 support zone.
TG.Casino (TGC) has emerged as a compelling alternative for MATIC investors. The token’s presale phase offers an enticing opportunity for potentially significant returns, as its launch is around the corner.
Buy TG.Casino Fast, Presale Phasing Out
TG.Casino is on the verge of concluding its presale phase, with increasing momentum attracting numerous investors through the token’s website. This clearly illustrates the community’s growing faith in the project.
The project secured an impressive $869,303, reaching 86.93% of its $1 million goal with less than $200,000 remaining.
The TG.Casino project offers a range of incentives for its users. Investors can utilize the “stake to earn” feature to stake their acquired TGC tokens and earn an annual percentage yield (APY) of up to 583.12%. Currently, 6.7 million tokens are staked, representing 79.54%, with 1.55 million rewards already paid.
Temptation is never far away. pic.twitter.com/VqHyZ3TGIB
— TG Casino (@TGCasino_) October 9, 2023
In one of his videos, Cilinix Crypto, a YouTuber boasting more than 33,000 subscribers, reveals that he has participated in the presale and holds strong optimism for this project, viewing it as a transformative force in the realm of Web 3.
He also foresees that the presale price will experience ongoing increases even after the project’s official launch, primarily due to the expected decrease in APY as the presale advances.
Last Chance, Buy TGC Tokens Quickly
TGC’s presale, targeting to raise $5 million, is quickly selling out, offering a limited chance for investors to join this promising project. The TG.Casino team has smartly divided the TGC token supply: 40% for the presale, 20% for staking, 10% for marketing, and 20% for liquidity pools, sparking interest among crypto enthusiasts. Moreover, players using TGC tokens enjoy a 25% cashback on net betting losses, adding an enticing layer to the investment.
The project has also implemented a buyback system divided into two categories: 40% of the acquired tokens will be burned, while the remaining 60% will be used to reward investors.
TGC is now playable & fully integrated into https://t.co/1CivTnIx4Z.
𝟮𝟱% 𝗰𝗮𝘀𝗵𝗯𝗮𝗰𝗸 on losses when wagering with $TGC.
Join our Telegram for more info, details in bio. pic.twitter.com/qRESdVJyBP
— TG Casino (@TGCasino_) October 11, 2023
To participate in the presale, visit the TGC token website and connect your Web3 wallet to buy the TGC tokens using ETH or USDT.
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