Altcoins to Watch This Week: GALA, SHIB, MATIC, INJ, ADA Coin!

Shallow volatility is felt across the cryptocurrency markets, with most altcoins sideways. Litecoin halving did not bring the expected rise. On the other hand, the bulls' enthusiasm for XRP and DOGE has faded. All the while, crypto markets are preparing for the inflation week. Volatility may increase for GALA, SHIB, MATIC, INJ, ADA Coin in the coming days.
Injective Protocol (INJ)
It's no coincidence that Injective Protocol is among the top 5 altcoins to watch this week, as INJ's price rose from $1.5 to $9.9 in 2023, gaining beyond Bitcoin (BTC). The popular altcoin fell back to the $6 support zone as it failed to break through the resistance at the $10 limit.
The $7.9 region will be critical in the coming days. This support zone corresponds to the 50-day EMA. If INJ/USDT price closes below $7.9, it can be pulled back to the $6 region. The price is above the critical support at the time of writing and the MACD is sending bearish signals.
Cardano (ADA)
While ADA Coin investors were delighted with the Ripple summary decision, Terra was shaken by the judge's opinion. The price failed to clear the $0.35 resistance area and now it has lost the $0.3 support level. The bearish trend continues on the daily chart as the price of ADA is trading below its daily 50-day EMA. If the price fails to retrace $0.35, we could see it drop as low as $0.25.
Shiba Inu (SHIB)
It has been one of the best performing altcoins of the past few days. SHIB/USDT price bounced off the $0.000006 support level. Thus, the price formed an ascending triangle. The Shibarium launch adds to the motivation, and breaking the $0.00001 resistance today fueled the anticipation for further bullishness. If there is no volume selling in the short term, $0.000012 can be tested.
Polygon (MATIC)
MATIC/USDT continues the bearish wave that came with its rejection from the $1.5 region. In the short term, the continuation of the sales may bring the $ 0.6 support to the agenda. Retracement of the $1 psychological support zone is needed for the upside. The first target to be overcome is at $ 0.88.
GALA Coin
GALA continues the day positively with the support of game tokens such as Yield Guild Games (YGG) that have earned over 70% earnings. The price was up by $0.0244 and 10% at the time of writing. If the $0.027 resistance area can be overcome in the coming days, the price is likely to make a new high between $0.044 and $0.066.
The main support on the possible decline is at $0.02.
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