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Polygon and ApeCoin are two well-established projects in the crypto space. However, these tokens continue to face resistance at key levels, with experts predicting possible paths for them. Meanwhile, Everlodge has sparked excitement in the timeshares market, promising to bring new liquidity levels to the industry.

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Polygon (MATIC) Fails To Break Above $0.550

In early September, the Polygon token dropped below the critical $0.5500 support. Since then, the MATIC price has failed to recover this level despite multiple trials. This happens despite several positive advancements for the project.

In September, Canto began building on the Polygon network, PUML launched on the network, and a collaboration with ABN Amro. In addition, Polygon Labs is collaborating with the Celonetwork to migrate to Ethereum.

While many investors projected increases in the price of MATIC as a result. However, the price of Polygon has faced resistance at the $0.550 resistance level. If MATIC breaks above this resistance, then the altcoin could rally to a high of $0.750.

ApeCoin Faces Resistance At $1.15

Like Polygon, ApeCoin has faced major resistance at the $1.15 level. Failing to break above this level several times, APE has dropped to lows of $1.10. However, several updates in the APE ecosystem could help the Apecoin value increase.

BAYC has announced a collaboration with Japanese fashion store A Bathing Ape (BAPE). The collaboration will release a groundbreaking physical NFT collection. As the native token of the ecosystem, the Apecoin price is predicted to benefit from the launch.

The NFT collection will be released at the ApeFest in Hong Kong. If the price of Apecoin breaks above the $1.15 resistance, APE could look to rally. According to analysts, if Apecoin breaks above this level it could reach $1.2 before rallying to $1.35.

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Author: Crypto Daily

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