MATIC price suffered one of the fastest 50% retracements out of the major cryptocurrencies. Bears finally generated a sell-off from the rising wedge and pushed MATIC towards its most vital primary support zone. Buyers have stepped in, but it remains to be seen whether they will continue.
Dogecoin price has been on a wild ride over the past few weeks. After gaining more than 50% between January 11 and January 15, DOGE dropped a further 44% to print new nine-month lows. However, there are strong indications that a strong reversal may soon be at play.
Bitcoin price action shows clear signs that the bottom is in and a new run higher is imminent. Ethereum price has so far rejected any further selling pressure by remaining above the bottom of the Cloud. XRP price is inside one of the most essential Gann Cycles of the Inner Year, pointing to a new bull run soon.