Telos prices are free-falling; TLOS may drop to $0.50. On the other hand, Polkastarter is within a bull flag, and POLS is firm above $2.3.
Telos (TLOS)
The Telos blockchain is tailored for dApps and NFTs due to its high throughput and low fees using the TLOS coin.
Past Performance of TLOS
The Telos token is free-falling reading from the TLOS crypto performance in the daily chart.
The TLOS technical analysis reveals that sellers are in the driving seat as they grow in strength with every down bar.
Day-Ahead and what to Expect
Overall, the retracement was expected considering the over-stretched TLOS coin, inevitable.
However, the pace of the deceleration and draw-down is a surprise.
For instance, the TLOS token is already down over 30 percent from November 2021 highs of $1.1.
At this pace, the TLOSUSDT price may sink to $0.50—more than half from peaks.
Telos Technical Analysis
The downtrend has decent participation levels and every high possible entry for aggressive Telos token traders.
From the daily chart, traders can unload the pullbacks targeting $0.50 in the short term.
However, a recovery forcing back TLOS coin above $0.90 may ignite demand, shifting price action to favor buyers.
Consequently, $0.70 might be the unexpected bed for another leg up to $1.10.
Polkastarter (POLS)
The launching pad on Polkadot relies on POLS as its utility token.
Past Performance of POLS
The uptrend is valid for the Polkastarter token despite the contraction and sideways movement of the past few days.
Technically, there are signs of weakness, but the bullish structure is still valid.
Thus far, from a top-down approach, POLS crypto is outperforming the greenback.
Day-Ahead and what to Expect
The POLSUSDT price is within a descending triangle.
Even though buyers are firm, POLS coin bears might force prices below $2.5 and the descending wedge in a retest back at $2.3.
Even so, if bulls arrest sellers, swinging price action to favor them, a recovery above $3 may see POLS print higher.
Polkastarter Technical Analysis
The POLSUSDT, from a top-down approach, is within a bullish breakout pattern above $2.3 due to sharp gains of early to mid-October 2021.
Currently, the POLS coin is within a bull flag. Losses below $2.5 may swing price action to favor sellers who may then unload on pullbacks targeting $2.3 in a possible retest.
Conversely, a favorable breakout above the wedge would re-inject momentum to buyers, forcing prices to $4.3.
