MATIC Price Prediction: Polygon Aims Recovery To $1

2023-5-26 07:15

MATIC price is recovering from the $0.82 support zone. Polygon might rise further but there is a major barrier forming near the $1.00 zone.

MATIC price is attempting a recovery wave above the $0.86 resistance against the US dollar. The price is trading above $0.86 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.880 on the 4-hour chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.90 resistance zone. Polygon’s MATIC Price Attempts Recovery

In the past few days, Polygon’s price saw a steady decline from well above $1.00. MATIC declined below the $0.900 support to move into a bearish zone.

A low is formed near $0.8206 and the price is now attempting a recovery wave, similar to Bitcoin and Ethereum. The price was able to climb above $0.850. Besides, there was a break above a key bearish trend line with resistance near $0.880 on the 4-hour chart of the MATIC/USD pair.

It broke the 23.6% Fib retracement level of the downward move from the $1.017 swing high to the $0.8206 low. MATIC price is now trading above $0.85 and the 100 simple moving average (4 hours). It is now facing resistance near the $0.90 level.

If there is an upside break above the $0.90 resistance level, the price could continue to recover. The next major resistance is near $0.95 or the 61.8% Fib retracement level of the downward move from the $1.017 swing high to the $0.8206 low.

Source: MATICUSD on TradingView.com

A clear move above the $0.95 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.985 level or $1.00.

Fresh Decline in MATIC?

If MATIC’s price fails to rise above the $0.90 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.88 level.

The main support is near the $0.865 level. A downside break below the $0.865 level could open the doors for a fresh decline toward $0.82. The next major support is near the $0.80 level.

Technical Indicators

4 hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level.

Major Support Levels – $0.88 and $0.865.

Major Resistance Levels – $0.90, $0.95, and $1.00.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Matic Network (MATIC) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0.5485
Капитализация $0 Rank 99999
Цена в час новости $ 0.8971 (-100%)

matic price recovery zone polygon forming barrier

Источник: newsbtc.com

matic price → Результатов: 126


What is Matic Network? MATIC Price Prediction 2021

This is a two-faced article, where the first part takes a deep look at what is the project and who is behind it. Second part is our Matic price prediction 2020 and beyond. Matic Network strives to solve the notorious scalability and usability issues of Ethereum blockchain and blockchains in general, while not compromising on […] The post What is Matic Network? MATIC Price Prediction 2021 appeared first on CaptainAltcoin.

2021-9-24 14:44


Фото:

Will the MATIC Price Make a Comeback? [Premium Analysis]

After the massive December 10 price decrease, MATIC has struggled to approach its previous highs. We believe it will gradually increase but will be devoid of significant volatility. Even though MATIC decreased by more than 50 percent since its early December highs, it is still following a gradual upward trend since August — which is […] The post Will the MATIC Price Make a Comeback? [Premium Analysis] appeared first on BeInCrypto.

2019-12-24 00:53


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Polygon: Can network growth help POL overcome selling pressure?

Polygon’s DeFi TVL has surged to a 7-month high of $1.16 billion. Despite the network growth, POL still showed bearish signals with a rounding top pattern on its four-hour chart.  POL (foThe post Polygon: Can network growth help POL overcome selling pressure? appeared first on AMBCrypto.

0% of POL investors profitable - Can bulls turn the tide soon?

A multi-year bullish pattern appeared on the token’s price chart.  Buying pressure increased slightly, hinting at a price rise.  After Polygon’s [POL] MATIC to POL upgrade, many expectThe post 0% of POL investors profitable - Can bulls turn the tide soon? appeared first on AMBCrypto.

Polygon price analysis: Can bullish sentiment push POL past key resistance?

POL is consolidating within a descending channel, with a bullish sentiment building despite recent price stagnation. On-chain metrics like active addresses and stable futures funding rate suppoThe post Polygon price analysis: Can bullish sentiment push POL past key resistance? appeared first on AMBCrypto.

Xalts launches new RWA tokenization platform on the Polygon Network

Fintech firm Xalts brings its real world asset tokenization platform, RWA Cloud, to the Polygon blockchain network for developers looking to build digital asset platforms. In an Oct. 8 press release, financial technology company Xalts describes their RWA tokenization platform,…

Ethereum Inflation Surge Casts Doubt On “Ultrasound Money” Claim: Report

According to the latest Binance Research report, the Ethereum (ETH) issuance rate continued to rise in September 2024, raising concerns about the digital asset’s “ultrasound money” claim. Ethereum Issuance Rate Continues To Surge In its October 2024 Monthly Market Insights report, Binance Research highlighted that the ETH issuance rate continued its ascent in September, moving away from its previously deflationary status.