IOTA Chart Analysis
IOTA has ended its downtrend on the 4H chart. This is now serving as support and has been tested many times now. Currently, we are at around $0.65, well off our ATH.
At the moment, it looks like IOTA is forming a double bottom pattern (W formation) and thus may have reached its bottom. Also, we have a bullish divergence (lower low in the chart/higher high in the RSI). A trend reversal could be imminent.
Polygon (Matic) Chart Analysis
Polygon (Matic) remains in a clear downtrend and has so far failed to sustainably break this resistance line. At the moment we are at about 0.78 USD.
Below us, there is still a support zone that should save us from lower prices. We also see a possible bullish divergence on the 4H chart. If we can continue to form this, Matic might manage to break the downtrend. If not, and the support box is confirmed broken, a sell-off to the USD 0.40 area is possible.