Key Points:

  • Pentoshi, a pseudonymous expert, informs that Polygon (MATIC) appears bullish and could be preparing for a rise toward a key resistance level.

  • According to the crypto analyst, Avalanche is on track for a 36% increase, with the coin presently trading above $20.

An expert who predicted the end of Bitcoin’s (BTC) bull market last year is forecasting gains for Polygon (MATIC), a blockchain scaling solution, and Avalanche, a smart contract platform (AVAX).

Pentoshi, a pseudonymous expert, informs that MATIC appears bullish and could be preparing for a rise toward a key resistance level.

$MATIC (per request) This one the most important and historical spot on the chart is $1.30 Think that is a great place to focus on the next major move. If able to close 3D+ above that then we go into the previous range Reject and back to the local lows shown pic.twitter.com/Guu0CFEOaW

— Pentoshi (@Pentosh1) January 28, 2023

This one the most important and historical spot on the chart is $1.30. Think that is a great place to focus on the next major move. If able to close three-day [chart]+ above that, then we go into the previous range. Reject and back to the local lows shown.

At the time of writing, MATIC is trading at $1.18, flat on the day.

AVAX, a competitor to Ethereum (ETH), comes next. According to the crypto analyst, Avalanche is on track for a 36% increase, with the coin presently trading above $20.

So Amazon comes to crypto, partners with AVAX and then announces an NFT [non-fungible token] initiative, (but not confirmed if with Avax). They are making moves. Think this can run to $28 in the next month or so. Chart looks great but has to flip that $20 area imo.

So Amazon comes to crypto, partners with $AVAX and then announces an NFT initiative. (but not confirmed if w/ Avax)They are making moves. Think this can run to $28 in the next month or so. Chart looks great but has to flip that $20 area imo pic.twitter.com/zHCbV6si0p

— Pentoshi (@Pentosh1) January 27, 2023

Amazon reportedly collaborated with AVAX creator Ava Labs earlier this month in a bid to accelerate blockchain adoption across several industries.

Pentoshi is also keeping a watch on Ethereum, which he believes is preparing for a surge in its Bitcoin pair (ETH/BTC). According to his Tweet, Think ETH / BTC gets a little relief soon.

According to the Pentoshi chart, ETH/BTC is expected to rise to roughly 0.072 BTC ($1,677). At the time of writing, the pair is trading for 0.068934 BTC ($1,605).

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