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Matic

MATIC/USDT Nearing a Crucial Resistance Eyes on the Next Step?💎 Paradisers, get ready for an exciting development with MATICUSDT as it edges closer to a pivotal resistance, hinting at potential upcoming actions. 💎 Observing POLYGON recent patterns, we've noticed a recurring price action. Currently, it's mirroring past behaviors, and if it honors the resistance at $0.9584, we might see a retreat to the support level of $0.7216. 💎 Should the price hit the support at $0.7216, there's a strong chance for a significant bullish push towards the formidable resistance at $1.0970. However, a loss of steam at $0.7216 could trigger a bullish recovery from the deeper support at $0.6594.
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by MyCryptoParadise
1
MATICUSDT.1DBased on the provided market data, the cryptocurrency MATIC is currently trading at $0.79 against USDT. The Relative Strength Index (RSI) for 4 hours, 1 day and 7 days are 56.35, 49.23, and 52.23 respectively. These figures indicate that the coin is neither in an overbought nor oversold condition, suggesting a balanced market sentiment. The Moving Average Convergence Divergence (MACD) for 4 hours, 1 day, and 7 days are 0.0012, -0.012, and 0.023 respectively. A positive MACD indicates that the crypto is on an upward trend, while a negative one suggests a downward trend. Here, the MACD data suggests a mixed trend. The Bollinger Bands (Bb) for 4 hours, 1 day, and 7 days are 0.80, 0.83, and 1.00 respectively. The current price is below the upper band for all periods, indicating a potential for price growth. In terms of support and resistance levels, the first, second and third support levels for 4 hours are 0.77, 0.72, and 0.68 respectively. For 1 day, they are 0.74, 0.68, and 0.60. For 7 days, they are 0.68, 0.60, and 0.49. The resistance levels for 4 hours are 0.83, 0.87, and 0.94. For 1 day, they are 0.94, 0.98, and 1.074. For 7 days, they are 0.96, 1.10, and 1.22. Overall, MATIC is showing mixed signals with a balanced market sentiment. The positive 4h MACD and the placement of the current price below the Bollinger Bands' upper limit suggest potential for price growth, but the negative 1d MACD indicates a possible downward trend. Therefore, investors should closely monitor market trends and indicators, and consider their risk tolerance and investment objectives before making investment decisions.
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by MarsSignals
MATIC/USDT Could MATIC back to break resist or back to demand ?💎 MATIC has recently experienced significant developments in the market. Currently, MATIC has displayed strength by bouncing from the demand area, which previously acted as a supply zone. Moreover, it has successfully broken out of a descending channel pattern. 💎 If this breakout is valid, there is potential for MATIC to continue its upward trajectory and attempt to break through the resistance area. Breaking this resistance is essential because a successful breakout, probability could pave the way for MATIC to reach our target at the Bearish OB area. 💎 However, if MATIC fails to sustain its upward momentum and experiences a false breakout, there is the possibility that the price will retreat to the demand area to establish a new bullish momentum. 💎 The demand area holds significant importance, as a breakdown from this level could signal a return to bearish sentiment, potentially driving the price back towards the strong support area.
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by MyCryptoParadise_Nathan
0.90 to 1.10 MATICAnalyzing the current market trends and technical indicators, my projection for #MATIC in the upcoming 2024 bull market is a price range between $0.90 and $1.10 USD. This valuation is based on several key factors, including historical data, recent market performance, and the overall growth trajectory of the cryptocurrency sector. #MATIC's fundamentals, coupled with increasing adoption and technological advancements, suggest a strong potential for this price range to be achieved. As always, it's crucial to monitor market dynamics closely, as cryptocurrencies can be volatile and subject to various external influences. This forecast considers both the potential market highs and the resilience of #MATIC in sustaining its value in a fluctuating market.
MLong
by GlareTuesday
3
MATICUSDTI propose to consider the medium-term situation, because in the short term everything looks bad. A symmetrical triangle figure appeared on the chart. The price can go both up and down with a 50/50 chance. In case of an upward movement and consolidation, it is worth considering the targets indicated by blue lines. Target 1 - 1.1517 Target 2 - 1.3871 Target 3 - 1.5898 In case of going down and consolidating below, focus on the red lines as support in the area of 0.4007 - 0.2334 Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
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by Andrey_Crypto
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Matic : A Lucrative Buying Opportunity For the Next Bull Run ?Based on my technical analysis, I'm convinced that MATIC has entered a prime accumulation zone, presenting a potentially lucrative buying opportunity in the range of $0.71 to $0.61. While I readily acknowledge that you will never know when the downside will be over, I firmly believe that the current price represents an attractive entry point for anyone interested in accumulating MATIC. This consolidation phase, as evidenced by the price action, could very well precede a significant upward move, making it a potentially opportune time to acquire a valuable position in this promising cryptocurrency. Please note that this is a very longterm trade, If you want to accumulate buy only spot.
MLong
by SabahEquityResearch
5
Polygon (Matic): Coin, Target and Buy Zone Review!Hi all! ♾ Polygon was previously called Matic Network. Polygon (MATIC) is an Ethereum token that powers the Polygon network, which is used to scale Ethereum. Polygon's goal is to enable faster and cheaper transactions on Ethereum using Layer 2 sidechains, i.e. blockchains that run parallel to the main Ethereum blockchain. ✅Official website polygon.technology Now let's move on to the charts on the main timeframes M ➩ Globally, the price is in a downward movement as the monthly structure was broken and confirmed in 2022 ➩ Now there is a corrective movement towards a wave of decline, which has lasted for almost two years. ➩ Below there is an unfilled IMB M ($0.0483 - $0.1829) and equal minimums on the way to it. ➩ Currently the price is testing IMB M ($0.6651 - $0.7505) W ➩ On the weekly time frame, after reacting to OB W and filling IMB W, the price began to correct to the growth wave. ➩ Below in the form of support IMB W ($0.6651 - 0.6892 $) and the zone of combined OB W + IMB W ($0.5006 - 0.5994 $) D ➩ On the daily timeframe, the price is still in an ascending structure, but, judging by the protracted correction, it will be broken. ➩ There is also an accumulation of a large pool of liquidity below, which can attract the price 💭On the chart I noted two options for reducing the price to potential areas for purchases ❗️Not a financial recommendation; before entering into any transaction, conduct your own analysis of the asset
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by mari_trade