Analysis of MATIC and DOT prices for 06/15/2021

Bitcoin was finally able to break through the $40,000 mark and some altcoins have also started to recover.

Polkadot (DOT) andPolygon (MATIC) – one of the growth leaders among altcoins, their price increased by 16% and 13%, respectively.

MATIC

Polygon is trying to find support for $ 1.2 from last week and. Buyers failed to push through this support and MATIC soared above $ 1.6. On the 4-hour chart, we see that the growth is being held back by the 100 SMA resistance. The next key resistance level will be the 200 SMA.

It should be noted that the MACD indicator is showing a bullish signal. If the technical picture remains unchanged, Polygon may rise to $ 2.

Polkadot

Polkadot bounced off support last week$ 20 and began recovery. By Monday, its price rose to $ 26. On the four-hour chart, we see that the bulls are still dominating, and the MACD rose above zero.

If buyers continue to pressurize, DOT may soon reach $ 28 and gain a foothold above $ 30.

However, the resistance at 200 SMA cannot be ignored. This resistance could stop rising and lead to a correction up to $ 20.