MATIC Price Prediction: Polygon Breaks 2 Month Trend In Attempt to Reach $1.50 [Live Chart]

  • MATIC cost has actually restored almost 90% off low in July
  • MATIC Price has actually been fighting significant resistance zone
  • 100MA is now serving as assistance

MATIC cost has actually been total flat the last 2 weeks as it tries to restore a significant resistance zone. The bulk of the cryptocurrency market has actually totally broken out of its sags & & have actually been intending towards levels traded at inMay This is a terrific indication as lots of financiers were fretting a dip to low $20,000 s on BTC. MATIC cost has actually been lagging a bit however this is anticipated as it had among the most explosive bull patterns which ended behind others. 

While taking a look at the last 2.5 weeks, we can see how cost has actually been appreciating a rising channel. Each time cost strikes either pattern, it has actually gotten turned down to the other. If bulls handle to break the leading pattern, the significant resistance of $1.16-$ 1.22 need to be held to experience a big pump. At the time of composing, cost is holding its significant assistance at $1.11.

As long as this continues, MATIC remains in position to break its resistance zone and head to targets of $1.32 & &$ 1.45.

MATIC Price Prediction: MATIC/USDT 4 Hour Chart

Live Chart

In addition, MATIC simply handled to break over a near 2 month drop line over the previous week. Yesterday, MATIC cost retested this as assistance, which is an extremely bullish indication in general. Along with the brand-new pattern line assistance, lies the 100MA. This MA has actually been holding as assistance for nearly a month & & a break listed below this will certainly verify a short-term bearish pattern. There is likewise a significant assistance zone near the 100MA. This zone lies from $1.01-$ 1.05. If bears take control & & break these 2 marks, MATIC cost will likely be up to $0.93.

  • While taking a look at the RSI, we can conclude it has actually been total bullish as it has actually remained above the 50 worth. A strong push to the overbought area will be required for MATIC to break over its resistance zone & & struck its targets. Inversely, a break listed below the 50 worth will verify some kind of drop.
  • The Stochastic RSI has simply reset to oversold levels and is now making its method to overbought levels. Staying above the 50 worth is required for a strong push on MATIC.
Read the article:  Bitcoin, Polkadot Price Analysis: September 21, 2021

MATIC Intraday Analysis

  • Spot rate: $1.14
  • Trend: Sideways
  • Volatility: High
  • Support: $1.11
  • Resistance: $1.16

Every trader who trades cryptocurrency on the Binance exchange wants to know about the upcoming pumping in the value of coins in order to make huge profits in a short period of time.
This article contains instructions on how to find out when and which coin will participate in the next “Pump”. Every day, the community on Telegram channel Crypto Pump Signals for Binance publishes 3-4 free signals about the upcoming “Pump” and reports on successful “Pumps” which have been successfully completed by the organizers of the VIP community.
These trading signals help earn from 5% to 45% profit in just a few hours after purchasing the coins published on the Telegram channel “Crypto Pump Signals for Binance”. Are you already making a profit using these trading signals? If not, then try it! We wish you good luck in trading cryptocurrency and wish to receive the same profit as VIP users of the Crypto Pump Signals for Binance channel.
John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

Leave a Reply