The United States equities markets rose after the Consumer Price Index print on June 13 came in below expectations, but Bitcoin and the altcoins

Polygon price analysis

Polygon (MATIC) nosedived below the support at $0.69 and hit the psychologically important level of $0.50 on June 10.

The bulls purchased the dip and are trying to start a recovery, which is likely to face stiff resistance at the breakdown level of $0.69. If the price turns down from this level, it will suggest that the bears have flipped the level into resistance. That could result in a retest of the support at $0.50.

Contrarily, if bulls thrust the price above $0.69, the MATIC/USDT pair may reach the 20-day EMA ($0.76). A break above this level will indicate that the bears are losing their grip. The pair may then attempt a rally to $1.

Litecoin price analysis

Litecoin (LTC) turned down from the moving averages and plummeted below the support line of the symmetrical triangle pattern on June 10, indicating that the bears overpowered the bulls.

The LTC/USDT pair is attempting a bounce off the horizontal support at $75, but the failure of the bulls to push the price back into the triangle suggests that the bears are selling on minor rallies. That increases the likelihood of a further fall below $75. The next major support on the downside is $65.

Alternatively, if the price turns up from the current level and reenters the triangle, it will suggest that the recent breakdown may have been a bear trap. The positive momentum may pick up after the bulls push the price above $91.50.

Polkadot price analysis

Polkadot (DOT) rebounded off the strong support at $4.22 on June 10, indicating that the bulls are trying to arrest the decline.

The relief rally could reach the 20-day EMA ($4.98), where the bears are likely to sell aggressively. If the price turns down from this level, the DOT/USDT pair may retest the support at $4.22. A break below this level could start a move to $4 and later to $3.50.

On the contrary, if the bulls push the price above the 20-day EMA, it will suggest that the bears may be losing their grip. The pair could first rise to $5.15 and then to $5.56. Until buyers clear this hurdle, the sellers will remain in control.