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November 15, 2023

Bullish Outlook for MATIC, RUNE, and OCEAN: Potential Investment Opportunities

Ethan Lim
Written byEthan LimWriter
Researched byNikos PapadopoulosResearcher

Introduction

A popular crypto trader, known as Rekt Capital, has expressed a long-term bullish outlook on three altcoins: Polygon (MATIC), RUNE, and Ocean Protocol (OCEAN).

Bullish Outlook for MATIC, RUNE, and OCEAN: Potential Investment Opportunities

Polygon (MATIC)

Rekt Capital believes that MATIC is on the verge of entering a new macro uptrend. The digital asset analyst points out that MATIC has recently surpassed its bear market diagonal resistance and identifies the next point of resistance at $1.07. At the time of writing, MATIC is trading at $0.891.

RUNE

Rekt Capital also has a positive analysis of RUNE, the native asset for THORChain. The analyst notes that RUNE is attempting to break its second macro downtrend in three months. The chart indicates that there is no high time frame resistance for RUNE until $12. Currently, RUNE is trading at $4.80.

Ocean Protocol (OCEAN)

Rekt Capital predicts a price rally for OCEAN, a project that enables users to access and monetize data using artificial intelligence. The analyst highlights that OCEAN is successfully retesting a green area as support and forming higher lows in the wicks. Price stability is crucial for OCEAN to continue its move towards the ~$0.48 level. As of now, OCEAN is trading at $0.381.

Conclusion

Rekt Capital's analysis suggests a positive outlook for Polygon (MATIC), RUNE, and Ocean Protocol (OCEAN). Investors may consider these altcoins for potential investment opportunities.

About the author
Ethan Lim
Ethan Lim
About

Ethan Lim, a native of the Lion City, is Singapore’s rising star in the domain of online casino guide localization. He masterfully blends his intimate knowledge of local culture with international gaming standards to produce content that resonates deeply with Singaporeans.

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