Cardano, Polygon, LINK Flashing Strong Oversold Signal — Traders Brace For Higher Upside

Source : zycrypto.com

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Analysts at Santiment have presented a strong and oversold screener for ADA, MATIC, CRO, and LINK, accounting for transaction volume, high market capitalization, and active addresses that correspond to low returns at the moment.

The underlying logic is that the high imbalance between the fundamental factors and the current market standing suggests that these crypto-assets are currently undervalued, and prices are poised to jolt further growth in the following weeks. By applying this methodology to the existing market situation, Santiment’s experts have specified the following oversold (undervalued) tokens: Cardano (ADA), Polygon (MATIC), Crypto.com Coin (CRO), and Chainlink (LINK).

These altcoins show double-digit percentages in terms of price variation from the theoretically expected level by the model.

The lofty valuation of Cardano and Polygon make them main acquisition targets. If the crypto market continues to recuperate, ADA and MATIC prices may ascend at higher rates. Technical analysis may be used to support Santiment’s methodology and identify bullish and bearish patterns. Therefore, Cardano and Polygon may exit the “oversold” area due to price appreciation, according to the Strong and Oversold Screener. Crypto.com Coin and Chainlink may have a similar dynamic but with lower rates of price flux.

Market Overview

As the crypto market enters the stabilization phase with the reduced fluctuation in the price of Bitcoin, Ether, and other cryptocurrencies; traders tend to infuse in tokens that they feel have better chances of exiting the bearish circle.

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The gap between fundamental and technical factors is driven by different elements, Santiment’s analysis is reasonable for discerning among cryptocurrencies in terms of potential upsurge. Historical data confirms the accuracy of this strategy in transcending the average crypto market returns.

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