Total number of oil rigs in the U.S. for the week ending June 6

MATIC price prediction: Altcoin is poised for a 20% move! The price of Polygon (MATIC) is trading in a range of $0.73 to $0.96 (red arrow) after being rejected by long-term resistance in early November 2023. During the week of January 22-28, 2024, the altcoin bounced off the support of the range. An upward pin bar candle (green arrow) at this support level has formed. This indicates strong buying pressure. The weekly RSI (Relative Strength Index) has consistently stayed above the 50 level for the past few weeks. This suggests that the advantage is still with the bulls. Therefore, MATIC price is likely to rise to the resistance level of the range in the near future. This corresponds to a potential increase of 21.25% from the current price. #HotTopicDiscussion#

ARB price prediction: Altcoin could increase by around 30% in the near future The price of Arbitrum (ARB) broke above the important resistance zone of $1.7. Thus, it reached an all-time high of $2.43 in the first week of 2024. Following the initial decline, the price successfully confirmed the $1.7 zone as support in the previous week (blue arrow). Also, it formed a bullish pin bar candlestick. This move suggests that the bulls see the decline to the previous breakout level as a buying opportunity. Also, this is often a sign that the uptrend is leading to a continuation. Meanwhile, the weekly RSI indicator is bullish and above 50. This points to an advantage for the bulls. If so, ARB price could rise again to an all-time high of $2.43. This target corresponds to an increase of 28.90% from the current price. #BountyCreator# #ContentStar# #HotTopicDiscussion#

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The possible upward pin positions of popular currencies for reference

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