CandleFocus Exploring This Week’s Crypto Surge: New Insights on Polygon, NEAR, and Shiba Inu
2024-09-27
Author: Content Editor
The cryptocurrency market saw notable recoveries this week, particularly for Polygon and Near Protocol. Polygon's price increased by 7.9%, demonstrating its relevance and improved scalability for Ethereum. It is currently trading above its 10-day moving average, indicating short-term strength. If it can break through long-term resistance at $0.5552, Polygon's market momentum could continue. Near Protocol experienced a 5.6% price rise, approaching its 100-day moving average of $4.729. As it approaches a key resistance level at $5.144, market support could help it maintain its positive trajectory. Shiba Inu also saw a 5.9% increase, reaching its highest price in three weeks. The accumulation of the token by whales suggests strong optimism and potential upside in the market.
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