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- Polygon (MATIC) price has a robust support base at around $0.918.
- FLOKI price could rise further as the memecoin begins trading on Binance.US.
- Dione (DIONE) price hit a new all-time high on 24 April 2023 and could make new upward moves amid price discovery.
Bitcoin (BTC) price began Monday with bulls battling to hold onto recent gains above the $27k level, with analysts predicting the benchmark cryptocurrency risks a retest of support at $26,500. With the gains made following the rally to $31k over the past few days quickly evaporating, traders could look for potential trades in the altcoin market.
But what is likely to happen if markets continue to dump? Here is a crypto price prediction outlook for Polygon (MATIC) Floki (FLOKI) and Dione (DIONE).
MATIC price prediction: Polygon major support at $0.91
The price of Polygon (MATIC) dipped below $1 on Monday as selling pressure for the 10th ranked crypto by market cap saw 140 million MATIC transferred to crypto exchange Binance. Whale Alert highligted one such transaction.
🚨 🚨 🚨 60,000,000 #MATIC (59,472,041 USD) transferred from Polygon Staking to #Binancehttps://t.co/2m1PJNgY2a
— Whale Alert (@whale_alert) April 24, 2023
MATIC price also fell as total liquidations for crypto rose 107% to over $89 million in 24 hours, with about $744,000 of this for Polygon.
While MATIC/USD has moved back to near $1 at the time of writing, on-chain data suggests robust support lies around $0.918. A dip to these levels is possible, although a sentiment flip at this major demand reload zone will aid MATIC’s new bullish momentum.
Market data and intelligence platform IntoTheBlock shared the details below about Polygon’s on-chain activity.
“MATIC is back under $1. Let’s take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again.”
$MATIC is back under $1. Let's take a look at the on-chain activity: 32.56k addresses purchased MATIC at an average price of $0.918. This suggests that if prices return to those levels, investor interest may pick up once again. #MATIC #Polygon pic.twitter.com/E66AJ9i0U6
— IntoTheBlock (@intotheblock) April 24, 2023
FLOKI price prediction: Floki rips as Binance.US lists FLOKI
FLOKI (FLOKI) price was up more than 33% at the time of writing, trading around $0.000038 as intraday trading volume jumped over 500% to $56 million.
Amid the sharp rise in FLOKI price and market activity has been a major Floki news development. On Monday, crypto exchange Binance.US opened deposits for FLOKI ahead of trading on Tuesday. The reaction to the news was FLOKI price jumping towards highs seen on 17 April 2023.
FLOKI deposits are now open on the Binance.US exchange, with trading in the FLOKI/USD and FLOKI/USDT pairs set to begin on 25 April 2023 at 12:00 pm UTC.
#Floki is now live on #BinanceUS 🔥
This is MASSIVE news that further legitimizes Floki and makes it clear that we firmly complete the #memecoin trilogy with $DOGE and $SHIB!#Binance is the world's biggest, most trusted, and most recognized #crypto brand. https://t.co/YfgkmnFPi7
— FLOKI (@RealFlokiInu) April 24, 2023
As for FLOKI price prediction, the $0.000040 area remains a major resistance zone. Breaking past this could see buyers target February highs. The road to the long term target of $0.1 remains tough given price is 88% off the all-time high of $0.00033 reached on 4 November, 2021.
Dione price prediction: DIONE hits new all-time high
Dione is a L1 blockchain in development and designed to enable renewable energy trade. The coin is developed by top crypto minds and is tapping into Starlink technology to help increase decentralistion of blockchain nodes.
The Starlink technology is no stranger to the concept of off-grid.$DIONE, with the help of Starlink, would like to introduce ORION (Off-grid, Reliable, Independent, Open Network)
The adaptation of these two networks will be utilizing emerging technology to center Dione… pic.twitter.com/zxRN7Flt14
— Dione Protocol (@DioneProtocol) April 23, 2023
Dione (DIONE) is trading around $0.0045 as of 12.50 pm ET on Monday 24 April 2023, the price being about 4% up in the last 24 hours. DIONE/USD is up nearly 300% in the past month and 78% in the past seven days.
However, DIONE has retreated roughly 14% from its all-time high above $0.0052 hit earlier today.
Dione has recorded a daily trading volume of over $1 million in the past 24 hours, with a rise in market activity represented by the 289% increase in daily volume. DIONE price is likely to continue in price discovery mode, with possible moves to $0.01 in coming weeks.
On the flipside, profit taking deals can see sellers push DIONE/USD back to February lows.
The post Crypto price prediction: MATIC, FLOKI and DIONE appeared first on CoinJournal.
The views and opinions expressed in this article are solely those of the authors and do not reflect the views of Bitcoin Insider. Every investment and trading move involves risk - this is especially true for cryptocurrencies given their volatility. We strongly advise our readers to conduct their own research when making a decision.