Polkadot bearish; Polygon and Pullix uptrend continues

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Polygon (MATIC) has been strong lately, boosting various projects in its ecosystem. On the flip side, Polkadot (DOT) is displaying bearish signals, and prices might dip, according to analyst Ali Martinez. Meanwhile, Pullix (PLX) is gaining attention for diversification, especially in the ongoing presale.

Polkadot under pressure

DOT is under pressure, as highlighted by analyst Ali Martinez, who shared a TD Sequential sell signal on X.

The signal indicates a potential reversal in the price trend.

The weekly chart shows the completion of the TD Sequential setup with green candles. At the same time, the 100-day EMA, a historically resistant level, suggests a possible profit-taking spike, leading Polkadot down to $7.50.

Due to this bearish prediction, investors are exploring alternative projects.

MATIC rising on Polygon ecosystem’s growth

Polygon is on the rise thanks to its advanced technology and growing ecosystem.

Four top 15 roll-ups by total value locked (TVL) and adoption are built using Polygon’s zk-technology stack.

This news, shared on X, has sparked investor interest, and MATIC’s price has soared 33% in the past month and from $0.83 to $1.08 in the past week.

Amongst the top 15 roll-ups by TVL and adoption, 4 are built are being built using the Polygon zk-tech stack.
Admittedly, all still fairly small, total <600mn, but looks exciting in terms of the direction.@Immutable – $212mn@MantaNetwork – $228mn@0xPolygon zkEVM – $119mn… pic.twitter.com/6iYwrXYj9X
— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) December 25, 2023

Experts predict MATIC could reach $1.85 by the end of 2024.

Pullix rises to $0.07

Pullix is a trading exchange bridging centralized and decentralized platforms by offering the best features of both.

It solves liquidity issues by incentivizing user contributions to the ecosystem, enabling more competitive pricing to attract traders.

Pullix provides institutional and slippage-free trading with high liquidity. Trades are executed via an off-chain order book for faster speeds.

We are delighted to share that the Pullix presale has officially entered Stage 5 after successfully selling out our entire Stage 4 allotment ahead of schedule.
This significant milestone could not have been achieved without the tremendous support of our visionary community.… pic.twitter.com/l6U1it0I7C
— Pullix (@Pullixmarkets) December 29, 2023

Traders who stake PLX get bonuses and passive income through yield farming. A 0.25% fee on trades goes into the Pullix pool.

PLX gained from selling these LP tokens is distributed proportionally to PullixLP holders for rewards.

The PLX presale is currently in stage 5, trading at $0.07. However, analysts expect more growth on launch.

Summary

Pullix, Polkadot, and Polygon may rally in the future. Of note, PLX may rise because Pullix has deep liquidity, high leverage of up to 1000:1, and zero commission rates with tight spreads.

For more information on Pullix’s presale, see the links below:

Visit Pullix

Join The Pullix Communities

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Source: https://crypto.news/polkadot-bearish-polygon-and-pullix-uptrend-continues/