Polygon And Apecoin Price Struggle, As Pomerdoge Continues Its Upward Trajectory

In the face of the recovery crypto market, Polygon’s price analysis indicates a potential 60% rise if it overcomes a descending resistance line. On the other hand,  Apecoin price continues to fall. Defying this bearish trend, Pomerdoge is currently experiencing remarkable success in its presale raising over $4.9 million. 

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Polygon (MATIC) Price Analysis: Can It Overcome the Descending Resistance Line? 

According to the technical analytics time frame, the price of Polygon MATIC has been on a decline. After it reached its yearly high of $1.57 on February 28. This decline has been consistent for Polygon with a descending resistance line starting from the $0.60 resistance level. 

The price of Polygon token has followed this resistance line downwards. On August 29, it confirmed this area as a resistance point (indicated by the red icon). If the Polygon price breaks above the line, it could rise by 60% to reach $0.85, a horizontal resistance level. 

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On the contrary, if it faces rejection, it may drop by 35% to the nearest support at $0.35. The Polygon price is currently bullish along with the crypto market. While it has risen to $0.5437, it has to break above the $0.5500 and $0.60 resistance for a bull market.

Apecoin Price Declines Persists

ApeCoin was introduced as the official cryptocurrency for the Bored Ape Yacht Club (BAYC) in 2022. A famous NFT collection acquired by Yuga Labs. This club, featuring cartoon ape NFTs, has gained immense popularity and is seen as a symbol of status. 

ApeCoin market value increased by multi-billion dollar market value shortly after its launch. Even though its primary purpose is a governance token for the Ape ecosystem, ApeCoin lacks any other major utility. The persisting decline since January has seen the Apecoin value drop to an all-time low at $1.06.

However, with the recent events in the crypto market, the price of Apecoin could improve in the coming weeks. In addition, Animoca Brands founder Yat Siu has proposed the addition of a DAO and treasury to add utility to APE.

Pomerdoge Presale Rise As Investors Anticipate 1,700% Returns

Pomerdoge (POMD) continues its steady rise as a potential leader in the P2E sector. Pomerdoge is a new P2E game. A game that will connect players across the world allowing interaction while playing a fun and competitive game.

Its ecosystem combines a play-to-earn gaming platform, NFT collections, and an in-game marketplace. What makes Pomerdoge stand out is its fusion of meme coin elements. With characters inspired by meme coins, Pomerdoge has seen interest from investors and P2E gamers alike.

The presale of the project has gained massive traction, raising over $4.9 million in the process. And the project is still drawing in investors. The minting of the first NFT collection is now live on the website and OpenSea, giving gamers their first glimpse of the platform.

At the time of writing, the Pomerdoge utility token, POMD is trading at $0.0165, and is almost sold out. Additionally, the POMD token is expected to offer returns of over 1,700% for early investors. 

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