Is MATIC retracement an opportunity to buy the token?

Is MATIC retracement an opportunity to buy the token?
фото показано с : coinjournal.net

2022-9-15 23:43

Polygon has been witnessing strong fundamentals that boosted the native token

Polygon’s MATIC retraced sharply on Tuesday 

MATIC faces some more pressure as the price moves below moving averages.

Polygon’s MATIC/USD will rarely miss out on the basket of the go-to cryptocurrencies. It is one of the cryptocurrencies that has been making good headlines. The price has also been reacting well to the strong fundamentals.

The most recent fundamentals of Polygon are a partnership with Starbucks. The coffee chain giant said it would use Polygon for its collectible digital stamps. The move is part of the company’s entry into Web3 with the Starbucks Odyssey program.

On August 31, Robinhood said it would let users send and receive MATIC on the polygon network. That expands MATIC’s utility beyond the Ethereum network. The move was inspired by the need to cut the huge costs on the Ethereum network.

MATIC slides below the moving average adding bearish pressure

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Source – TradingView

From the technical outlook, MATIC is not yet in a buy zone. At the current trading of $0.85, the price could slide further to minor support at $0.76.

Another bear indicator is the moving average. MATIC is trading below the 20-day and 50-day moving averages. Similarly, an RSI reading of 48 suggests that MATIC is not yet oversold. With the growing bear sentiment after the inflation data, a more likely direction is to the downside. 

On the flip side, MATIC has maintained an ascending trendline. If the price keeps the trendline, MATIC could turn bullish. Investors should consider buying on price action signals or if the token recovers above the moving average (s).

Summary

While MATIC remains vulnerable, the ascending trendline could ignite a bullish move. Investors should watch for bullish signals. A break below the trendline will see the token slide to minor support at $0.76.

The post Is MATIC retracement an opportunity to buy the token? appeared first on CoinJournal.

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token matic retracement buy polygon opportunity retraced

Источник: coinjournal.net

token matic → Результатов: 105


Big traders on Binance panic tanking Matic’s price by almost 75%

The digital token of Ethereum-based payments company Matic lost almost 75 percent of its value in a matter of minutes after two weeks of massive appreciation. While the matter is still being investigated, both Matic and Binance said that it wasn’t a pump and dump scheme, but a result of a panic cycle caused by […] The post Big traders on Binance panic tanking Matic’s price by almost 75% appeared first on CryptoSlate.

2019-12-11 21:30


Binance раскрыла подробности следующего токенсейла на Launchpad

Крупнейшая криптовалютная биржа по суточному объему торгов Binance анонсировала токенсейл проекта Matic Network, который начнется 24 апреля в 8:00 UTC. Отметим, что продажа токенов впервые будет осуществлена в лотерейном формате.

2019-4-1 17:46


Фото:

На Binance Launchpad пройдет токенсейл Matic Network

Следующим проектом, продажа токенов которого будет проведена на платформе Binance Launchpad, станет Matic Network (MATIC). Информация об этом появилась на сайте Binance. Introducing the MATIC Token Sale! Matic Network, officially prepares for its launch on @Binance Launchpad beginning on April 24th at 8:00 AM UTC! (https://t.

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