At the time of writing, MATIC was trading at $0.64. Following its drop below the $0.90 price level, the altcoin has been experiencing a downtrend, but there have been attempts by the bulls to reverse this trend. The key resistance level for MATIC is currently set at $0.70, and if the price manages to surpass…
Over the past 24 hours, the Polygon (MATIC) price has shown attempts to reverse its downward movement. The altcoin has regained more than 4% of its value during this time. However, on the weekly chart, MATIC has experienced a decline of over 27%, causing it to breach important support levels. The technical analysis of MATIC…
MATIC has experienced a downward trend over the past few months, but there is a possibility of a reversal. In the last 24 hours, the altcoin attempted a slight 0.2% increase, but the weekly chart showed a 13% depreciation, indicating a strong bearish dominance from a technical standpoint. Both demand and accumulation indicators were negative,…
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…
The MATIC price recently broke above a key resistance level, indicating a positive development. However, its price appreciation over the past week has been modest, with only a 2% increase. MATIC has remained close to a critical support line on its daily chart despite the breakout. The technical outlook suggests that recovery might take some…
MATIC price is recovering from the $0.95 support zone. Polygon might rise further but there is a major barrier forming near the $1.080 zone. MATIC price is attempting a recovery wave above the $1.00 resistance against the US dollar. The price is trading below $1.10 and the 100 simple moving average (4 hours). There was…
On-chain data shows the Polygon exchange supply has seen a sharp spike recently, something that could lead to a further downtrend for the asset. Polygon Exchange Supply Rises As Whale Makes 60 Million MATIC Deposit According to data from the on-chain analytics firm Santiment, around 7.92% of the entire MATIC circulating supply is on exchanges…
MATIC Below Key Support Levels: What's Next? MATIC had been consolidating between $1.4 and $1.8 until it faced bearish pressure and declined. Over the last week, it depreciated nearly 16%, with a 6% dip on the daily chart. The technical outlook indicated bearish price action, with a drop in demand and accumulation. Major altcoins also…
MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone. MATIC price started a fresh rally above the $0.98 resistance against the US dollar. The price is trading above $0.98 and the 100 simple moving average (4-hours). There was a break above…
MATIC price started a fresh increase from the $0.80 support zone. Polygon bulls are now aiming a another increase above the $1.05 resistance zone. MATIC price started a decent increase above the $0.85 resistance against the US dollar. The price is trading above $0.92 and the 100 simple moving average (4-hours). There is a key…