Price prospects for polygon and Cardano, since Robinhood token takes out the list

Robinhood will stop support for a number of crypto tokens on June 27, after an announcement was made at the beginning of this month. The tokens that are to be decoted include polygon (Matic) and Cardano (ADA).

The prices of both tokens sank after the first announcement of the crypto trading platform and reinforced the general negativity, which was triggered by the complaints from the US stock exchange supervisory authority Securities and Exchange Commission (sec) against the Krypto exchanges.

What are the prospects for the two tokens, even if Bitcoin (BTC) tries to stay above the psychological $ 30,000 mark?

Polygon price view

The Matic Prize fell 35 %within two days when Robinhood announced its delisting on June 9, and fell from almost $ 0.50. While the bulls are under pressure at around $ 0.66, it is likely that a jump into the range of $ 0.75 could stimulate and stimulate buyers.

one of the factors speak for polygon bulls are the increased foreign exchange outflows for Matic. The data show that more owners have moved token to self -controlling wallets, which may lead to a further reduction in sales pressure.

according to the crypto analyst Michael van de Poppe, the decline led to $ 0.50 to "a chain reaction of liquidations on the long page".

er Notes that all of this has now been taken up. However, MATIC/USD has to turn the $ 0.75 mark towards support in order to create a basis for new upward dynamics.

Cardano, as did polygon, recorded a strong decline, since the SEC classified Ada as securities at the beginning of the month. ADA lost over 42 % of its value between 5 and 10 June and fell from $ 0.22 from $ 0.37.

that was before the recent upswing in the cryptocurrencies helped the bulls to rise to $ 0.30.

Cardano price diagram. Source: tradingView

But while ADA/USD rose by almost 10 % last week, losses in the last 30 days at current prices have amounted to $ 0.28 to 24 %. The areas around $ 0.25 and $ 0.22 are of crucial importance if the bears become stronger at short notice.

In the meantime, a breakthrough over $ 0.30 would once again highlight $ 0.40 as the next major hurdle.