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MATIC, Bitcoin Cash, Avalanche Price Analysis: 10 December
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After a short recovery window, the crypto market continued its bearish drift. As a result, altcoins like Bitcoin Cash, MATIC and AVAX were down by over 4% in 24-hours.
Bitcoin Cash and Avalanche flashed weak technical indications after forming a bearish flag on their 4-hour chart. Also, after hitting its six-month high on 8 December, MATIC joined the near-term bearish bandwagon.
TradingView, MATIC/USDT
Since 19 November, the alt has been on a steady incline. MATIC oscillated in an up-channel (yellow). Although it saw a substantial pullback on 3 December, the bulls quickly revived. After a double-bottom breakout, MATIC witnessed a solid upturn.
The alt saw a staggering 51.82% ROI from the 6 December low until it poked its six-month high on 8
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