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Matic

Is Polygon (MATIC) Price About to Explode?MATIC price Action remains neutral, but there are some hidden signals that may lead to price spike. The Polygon (MATIC) market has been presenting some intriguing signs that have caught the eye of vigilant investors. Recent activities suggest that there has been a silent accumulation of MATIC over the past two weeks, which often precedes significant price movement. With the price ranging during this period, the underlying question is whether MATIC is gearing up for an explosive move. The price chart reveals that MATIC has indeed experienced a reversal after an unexpected and critical 21% drop. The market's response to this drop is crucial to understanding the future trajectory. Typically, after such a decline, savvy investors look for signs of accumulation as an indicator of potential upward momentum. This is due to the common market adage that "volume precedes price," suggesting that if accumulation is occurring, a price surge may be imminent. An increase in volume accompanying the price range could indicate that investors are seeing value at these levels and are stepping in to buy, potentially setting the stage for a bullish trend. As seen on the daily MATIC/USDT chart, the volume profile is descending, which hints at a potential trend reversal in the foreseeable future. Furthermore, we will be watching for a confirmed breakthrough on the charts. This would involve MATIC closing above a key resistance level on increased volume, which would lend credence to the theory that an explosive price movement is on the horizon.
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by DEXWireNews
#POLYGON #MATIC Long-Term targets, until end of 2025#POLYGON #MATIC Long-Term targets, until end of 2025 According to Elliott's wave count indicated on the chart, the rise from 2020 to 2021 took place during a five-wave, where either wave 1 is bigger than a five-wave or wave A is bigger than a three-wave. Considering the possibilities ahead, we can estimate the possible goals of Link until the end of 2025 as follows: TARGET1: 8$ TARGET2: 24$ TARGTE3: 48$ TARGET4: 145$ ENTRY: 0.85-0.60$ STOPLOSS: 0.50$
CRYPTO:MATICUSDLong
by KhaniTechnical
1
Going Long Matic here to 90 Cents PlusThis looks to be good support here for Matic. I have waited patiently for entry and .74 cents looks to be as good as any with all SMAs (50,100,200 day) on the underside for support along with a significant level. Also, RSI has reached support in conjuction with the pullback here. I will be taking profits along the way and expect to be out 75% by the time we reach .95 cents, dragging my stops up along the way to ensure the trade is all profit. I expect to let the remaining 25% ride after hitting .95 cents in hopes that it may jump up and above that ascending TL which would be uber bullish for this coin. Entry - .7424 Target - about .95 SL - currently .60 (my stops are very loose) RRR - 1.5 (better with tighter SLs of course) This is not fin advice. I show you the way I trade for your education and entertainment only. Stewdamus
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by stewdamus
1
MATIC: Pullback in UptrendPolygon (MATIC) technical analysis: Trade setup : Following a bullish breakout from Sideways Channel ($0.50-$0.60), price broke above 200-day moving average, which confirmed a bullish trend reversal to Uptrend. Price reached our target of $1.00 resistance where it got rejected and pulled back. How far could it pull back? The nearest horizontal support area is $0.75, which also lines up with a 50% Fibonacci retracement level and could be an attractive swing trade entry in Uptrend, with upside potential back to $1.00. The next support area after that is at $0.69, which is a 200-day MA level and also a 61.80% Fibonacci retracement level. Trend : Neutral on Short-Term basis and Uptrend on Medium- and Long-Term basis. Momentum is Mixed as MACD Line is below MACD Signal Line (Bearish) but RSI ~ 50 (Neutral). Support and Resistance : Nearest Support Zone is $0.75 (previous resistance), then $0.60. The nearest Resistance Zone is $1.00.
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by altFINS
$MATIC Price Action strategy.CRYPTOCAP:MATIC Polygon on the 1-hour timeframe faced rejection near the 50 EMA line (colored red), favoring the bears as the price broke through the previous support and is now approaching the Optimal Trading Zone (OTZ). It is crucial to remain vigilant, set alerts, and be prepared for the price to descend into this zone. As part of my strategy, a confirmation for a double bottom pattern will be considered if the price closes inside or above the OTZ. This confirmation will serve as the trigger for initiating a CRYPTOCAP:MATIC trade.
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by LimitlessRx8
🔥MINA Is Breaking 1-year Falling WedgeMINA fell by -95% and retailers are so scared. The 1.5 years of falling forced them to think the new traders and investors that dumps will long forever. But I think that altcoins will reverse as fast as Bitcoin will break and hold $29,200-30,000. This is vitally importatnt for crypto growth. 💥 Now the price is trying to break 1-year falling wedge. I suppose that MINA will accelerate after the breakout of the wedge and local pullback. The bull support will be confirmed during this pullback. My firts idea for MINA was hidden, but I told about this even before the breakout of the wedge. My followers knows it. MINA breaks the key level and consolidates above the first target For 4 weeks in a row, MINA is in a small trading range after +160% pump. I think the pump will continue as far as BTC reaches $39k. Just wait and protect your profit. like❤️ and follow
by Alex_Dehtiarov
1
LDO About To Mool Like MATIC MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space. Ive been watching this pattern develop for many months and its now finally getting close to breakout . Be aware This chart helps show you ALT Season is about to start. The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money . Do NOT miss out on this coming bull market
MLong
by MartyBoots
MATIC/USDT 4HInterval Chart Hello everyone, I invite you to review the MATIC chart also at a four-hour interval. As we can see, the price has overcome a strong downward trend line, and is currently moving in an upward trend, staying on the trend line. In this situation, we will start by checking the resistance levels and here we can notice that the price has been rejected from the resistance level of $0.97, only when it is overcome will we have an open path towards the resistance zone from $1.08 to $1.16, which should lock the price against a larger increase. Looking the other way, we can similarly determine support areas and here we can see that the price remains in the first support zone from $0.83 to $0.78, while when this zone is broken, we can see the price return to the second zone from $0.67 to $0.58. The CHOP index indicates that there is still energy for further moves, the RSI indicator remains in a downward trend with room for the price to go lower, also when we look at the STOCH indicator we can see a strong rebound with room for the price to go slightly lower.
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by cryptodailyuk
a quick review of maticusdtfirst and foremost it is necessary to talk about the current situation of the market. we witnessed a huge fluctuating price in the last 1 week however it is obvious that the mark decided to go for the downward trend. additionally, matic has engulfed a very important support area there will always be a reaction toward an enormous support of the market that may have resulted in a short-term upward trend. eventually, because of the massive fall of the matic, there is probably more seller pressure between 0.9874 $ - and 0.7870 $ so I prefer to get prepared for a sell position this month.
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by seyyedin
MATIC/USDT Poised for an Upward Trajectory? 👀 🚀 MATIC 💎 Paradisers, it's time to focus on MATICUSDT as it exhibits a promising shift, breaching the supply threshold with a bullish trend in sight. 💎 MATIC has been consistently overcoming a descending trendline, propelling upwards. Currently, it's navigating past the supply level at .7007, hinting at a heightened likelihood of a bullish trajectory as the supply zone transforms into a stronghold of demand, bolstering the bullish sentiment. 💎 Should POLYGON falter in its ascent, we foresee a potential bullish resurgence from the demand zone at .5998. However, a dip below this zone could signal a bearish downturn.
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by MyCryptoParadise
Matic polygon, Get up nowPolygon (formerly known as Matic) is a Layer 2 scaling solution for Ethereum, designed to improve its scalability and reduce transaction fees. The Polygon network has its native cryptocurrency called MATIC. MATIC tokens play a crucial role within the Polygon ecosystem. They serve multiple functions, including: Transaction Fees: MATIC is used to pay for transaction fees on the Polygon network. This is significantly cheaper than using Ether (ETH) on the Ethereum mainnet, making it more accessible for users. Staking and Governance: MATIC holders can participate in the network's Proof-of-Stake (PoS) consensus mechanism by staking their tokens. In return, they can earn rewards and participate in governance decisions that affect the network's future development. Security: MATIC tokens are used to secure the network by staking. Stakers are incentivized to behave honestly, as they have a stake in the network's success. DeFi and DApps: MATIC tokens are widely used within the Polygon ecosystem for various decentralized applications (DApps) and DeFi protocols. Users can use MATIC to interact with these applications, trade on decentralized exchanges, and more. Overall, MATIC plays a pivotal role in making the Polygon network efficient, cost-effective, and attractive for developers and users looking for scalable solutions on the Ethereum blockchain. Please note that cryptocurrency markets and technologies can evolve rapidly, so it's essential to stay updated on the latest developments and use cases for MATIC tokens.
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by luckylukeno1
3
MATIC/USDT challenges in breaking through the crucial resistance💎 MATIC has undeniably captured significant attention in the market. Presently, MATIC is encountering challenges in breaking through the crucial resistance level. The presence of several bearish rejection candles at the resistance level suggests that if MATIC fails to breach this barrier in the near future, the price may undergo a decline, returning to retest the demand zone to generate new momentum. 💎 However, if MATIC successfully breaks out of the resistance level, a substantial upward movement is anticipated, probability reaching our target area. 💎 In the event of a retesting phase at the demand zone, if MATIC struggles to maintain its position and undergoes a breakdown, there is a likelihood of a bearish reversal. This could lead to a retracement to the next lower-demand area. 💎 In this scenario, a bounce is required to reclaim the area around $0.805 to resume the upward movement. Failure to reclaim the area may result in MATIC continuing the downward trend and returning to the strong support area.
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by MyCryptoParadise
1
Can Polygon leave the penny Crypto area for ever❓Can MATIC break the $1 and leave the penny Crypto area for ever❓ The Renko Chart shows that Polygon is at an important support line🟩 If Polygon breaks through the trendline resistance as well a huge bullish future is ahead IMO🚀 Comments💭, Likes♥️, RT🔃 & Follow🔗appreciated Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinion
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by Crypto4Everybody