Cryptolean Polygon MATIC UpdatePolygon MATIC declined into the daily range zone between $0.89 and $1.01 where we will continue to observe a slow and choppy price action.
A bullish break-out of $1.01 will result in a move to re-test $1.14-$1.20.
A bearish rejection of $1.01 will push MATIC price in the key daily support at $0.89.
And, a bearish break-out of $0.89 and a sustained price action below this support will make bears active towards $0.75.
Maticpriceprediction
Polygon [MATIC] will see more sell pressure below $0.9780Price action faced rejection at the bearish OB on the 2-hour chart at $1.0140 and dropped to bullish OB at $0.9854 (cyan).
A close below the support (cyan) and confirmed downtrend could push MATIC to $0.9515 ( a bullish OB on the daily timeframe).
The RSI and OBV dipped - buying pressure eased. But RSI was in a neutral position.
Entry: $0.9780 (below bullish OB)
Exit/target: $0.9515 (lower support)
Stop-loss: $0.9865 (above the bullish OB)
R:R - 3
Matic Double Bottom Pattern D1BINANCE:MATICUSDT
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Possible Targets
➡️Fib still relevant on D1 with perfect double top and fake out. Downtrend line broke and now Matic should test local but main psychological price zone 1$ (red block)
➡️Matic I think will find strong sells at this level and going to test once again strong buyers zone (green block) and form on D1 double bottom.
➡️After double bottom the road will be exactly to 0.618 Level by Fib around 1.70$
➡️ Timing big pattern probably will be finish by end of October beginning of November
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polygon matic price updatepolygon matic network
looking very bullish according to the chart
buying support when price touch bule trend line then we can buy
And
Sell when price touch red trend line
support :-
1.7$ to 1.48$
target :-
2.6$
3$
