Here are the top 3 100x gems ready to explode.
Chainlink (LINK) price analysis
Chainlink's price bounced back from the support above after a brief bump. As a result, the bulls appear to be active as the buying pressure has started to increase. After last week's sharp rise, the price remains firm in the range. Does this suggest that the bears are about to take over the rally?
The weekly LINK price chart suggests that the bears are trying hard to maintain control over the rally. The Gaussian channel has turned bearish as the 50/200 day MA tries again for a bullish crossover after a failed attempt a few weeks ago. However, RSI rises when OBV levels rise slightly, suggesting that traders are bullish on LINK. Moreover, the trading setup suggests that the next weekly candle can be a strong bullish one, with a profit of more than 30% and reaching 1 FIB at the yearly high of around $25.
Arbitrage (ARB) price analysis
Arbitrum had a bearish start to its trading journey after hitting highs; However, the token rose further to mark a new ATH at $2.4. Meanwhile, the index has experienced a healthy recovery after a brief period of consolidation, marking the bottom. Currently, ARB price is in the middle of a nice uptrend, with the highest targets around $1.22.
As shown in the chart above, ARB price has been testing the trend reversal zone below $1 for the past few days. Unfortunately, the Bears have secured the range, which suggests another comeback could be imminent. Additionally, the decline in buy volume suggests that the MACD may experience a bearish crossover, confirming the bearish claim. Therefore, the ARB price may return to $0.92, then recover above $1 and reach the upper protection zone of $1.22 before the end of 2024.
Polygon (MATIC) price analysis
The price of Polygon or Pol has maintained a healthy upward trend since the beginning of the month due to strong buying volume. Moreover, the price has entered the critical region, which will stimulate strong growth towards higher targets. The techniques are in great favor, and therefore, the price is rising and it is believed that it will soon reach a critical resistance.
After a major downtrend, the MATIC price has started to rise, aiming to reach critical resistance. Meanwhile, the depression of the Gaussian channel has turned into a bullish one after more than 6 months. This indicates that the price is expected to move higher as the 200-day MA provides strong support for the price. Therefore, the price seems to be aiming to reach the necessary range higher, which is the trend level around $0.8 before the end of 2024.
