$MATIC and $SHIB are both at strong support levels and might head upward soon
, is showing impressive growth. The project continues to announce new partnerships and integrations, thereby contributing to its utility and adoption. Recently, it launched a $100 million fund for online gaming in collaboration with community gaming. This kind of progressive development reinforces the positive long-term perspective for MATIC, despite its current bearish price action.
As the markets digested the news, investors took note and acted, leading to an accelerated sell-off that has seen Cardano plunge significantly. However, amid the gloomy outlook, potential bounce points have been identified that could trigger a price reversal. Furthermore, the relative strength index , a popular momentum indicator, is suggesting that ADA may soon be due for a bounce. Currently standing at 26, the RSI is edging closer to the oversold zone . Historically, when the RSI dips into this zone, it often signals that the asset is being oversold and could be due for a price correction or a bounce.
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