Polygon (MATIC)
MATIC is facing challenges in its recovery above $0.85. Moreover, the MATIC/USD rate has experienced a 20% decline since reaching its peak of $1.1 on January 11.
If the token fails to surpass the $0.85 barrier in the short term, it could lead to a decline with a target of $0.65.
Source: TradingView
The chances of a short-term recovery currently stand at only 24%. However, if the price manages to overcome the current barrier, it could indicate a potential bullish continuation with a target of $0.92.
Solana (SOL)
Solana is attempting to recover above the key psychological level of $100. The SOL/USD pair is currently trading at a crucial confluence of support levels. A recovery above the $100 level would provide bullish momentum and could lead to further growth with targets at $120 and $140.
However, caution is advised regarding the near-term recovery due to certain fundamental factors within the Solana ecosystem.
Source: TradingView
In the event of a false breakout, SOL price could potentially head towards the $107 area, where increased selling pressure may push the coin towards the $77 target.
The PPO Oscillator is currently giving a positive signal, indicating strong buyer control.
Monero (XMR)
Monero is struggling to recover and continues to lose ground during the trading session.
XMR/USD experienced a significant price drop of over 40% after Binance delisted the coin. Despite this sudden decline, Monero has managed to stabilize and regain stability.
Source: TradingView
In the short term, sideways accumulation between $134 and $97 may occur. The ongoing battle against anonymous coins could have additional effects on the value of cryptocurrencies if the regulatory process accelerates.
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