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MATICUSDT

Will dormant wallets trigger MATIC uptrend?The MATIC market opened this year with a green candlestick. On the first day of the year, it closed at $1.0171. Later, for a short period, the market weakened. But in late January, the buyers of the market took control of the market. They took the price as high as $1.2711 in mid-March. Post that, the market situation overturned in favour of the sellers of the market. Post a sharp decline, the market emerged a sideways trend. This month, on 16th, the buyers attempted to regain control of the market. They dominated the market for at least 9 consecutive days, taking the price from $0.4010 to $0.5716. For the last couple of days, the market saw consecutive red candlesticks, indicating the return of the selling pressure. It is important to see whether the mark of $0.4010 will act as a support or not. In a recent X post, Santiment revealed about a surge in activity on Polygoin, with dormant wallets. There are chances that this increased activity would influence the price of MATIC positively. Often, a spike in activity leads to either a price reversal. As conclusion, it is fair to say that something important is likely to happen in the MATIC market. The unexpected activation of dormant wallets can be seen as an early signal. Anyway, it is too early to make a market move based on what we know right now. It is better to wait until we see a clear signal in the chart.
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by paul_endeo
1
MATICUSDT - The Perfect Breakout MATICUSDT is trading at key areas, previously starting on 8th August it was trading in a range, which as you may know is a BAD time to enter, we need big volume candles either sell or short side, causing a definitive move. WE DO NOT ENTER RANGES UNTIL BREAKOUT. Here we can see that MATICUSDT was trading at a range of 0.43 - 0.39 for approximately 12 days. Then the magic happened, it finally had it's breakout. Notice how the candles on the breakout were huge VOLUME CANDLES, that is exactly what we are looking for to enter trades. This is a fantastic trade to learn from, take your time, the trade will come!
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by I3ig_Trades
Polygon (MATIC) grows amidst new token introduction. What's nextPolygon (MATIC) has been among the top five outliers on the daily and weekly price charts. Since last Friday, MATIC has risen by nearly 20%, while the rest of the market has remained sideways. That’s not all though as in what is now a new update, Polygon will change its native token from ‘MATIC’ to ‘POL’ on 4 September. The exchange ratio will be 1:1 for MATIC to POL. According to the Polygon team, the transition aims to make POL the gas and staking token for the ecosystem. It could be expanded to cater to Polygon’s aggregation platform (AggLayer). On the daily chart, MATIC was bullish as it mounted above the $0.42-level. Since 16 August (last Friday), MATIC has embarked on an extended recovery that netted almost 20% gains, at the time of writing. This reversed most of its August losses. MATIC was trading at $0.47, at press time, and had to clear two key resistance levels to hit the supply area at $0.55. The immediate hurdles were at $0.49 and $0.51. Given the massive buying pressure shown by the RSI (Relative Strength Index) cruising above its average level, these targets could be hit. At the same time, the Stochastic RSI was overheated as it was in the overbought territory. Hence, a cool-off couldn’t be overruled for MATIC’s rally. Also, the $0.46 and $0.42 levels were key short-term supports to consider if the rally cooled off. So, MATIC’s extended recovery could face headwinds at $0.51 or $0.55, key resistance levels which could attract sell pressure.
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by paul_endeo
MATICUSD tested the June 2022 Historic SupportMATICUSD has reached a demand zone last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, signaling a rejection of this level and the potential for a bullish move. Additionally, it broke and closed above the accumulation zone, which is another encouraging sign. If the price stays above the 0.400 level, the market could rise to retest the resistance. There’s potential for a breakout from the channel, continuing its bullish trend. Pay attention to the August close, as the monthly chart is shaping another significant long-tailed bar. The target is the resistance at 0.500
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by RTED_Investing
MATIC - 4H Chart Analysis - Trading Inside the channel#MATIC/USDT #Analysis Description --------------------------------------------------------------- + The price is currently trading within a channel and has successfully bounced back from the lower boundary. + A strong breakout from this channel could drive the price higher. + We can enter a long trade at the current price and place the stop-loss (SL) below the support zone. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.4240 Stop Loss: 0.3851 ------------------------------ Target 1: 0.4491 Target 2: 0.4783 Target 3: 0.5036 Target 4: 0.5604 ------------------------------ Timeframe: 2H Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
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by VectorAlgo
MATIC Price Update and Analysis in Weekly TimeframeMATIC hit the lower support level as expected. Since our previous update, MATIC has dropped 30% and is currently holding within the support range of $0.316 to $0.387. It is crucial for MATIC to hold this support because if it fails and breaks down, things could turn out poorly. Key Observations (Remains the same): ~ Lower Support/Entry: $0.387 ~ Liquidity Level: $0.316 to $0.387 ~ Resistance: $0.9860 ~ Long-term Target: $2.923 (All-time high) DYOR. NFA. Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see! Thank you! #PEACE
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by Cryptorphic
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#Matic 1W chart;CRYPTOCAP:MATIC 1W chart; On the weekly chart, we can see that the balance of February 2023 and March 2024 levels on the RSI side is not reflected in the price (red circles). It is now at a serious support level and it also seems to have started a bullish pattern from these levels. As long as it sticks to the stop level, it will not be a surprise to see sharp upward rises after the squeeze between it and the downtrend line it will enter. The ratio between the pattern target level is 200 However, we can consider OB-FVG regions as a profit-taking level beforehand.
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by ugurtash
MATIC: Support holding strong | Expect a bounce soon#MATIC/USDT #Analysis Description --------------------------------------------------------------- + MATIC has reached a critical support zone, a level that has held strong for more than two years. The price is currently at this same support zone, and while we have yet to see a strong rebound, expectations for a bounce back remain high. + This major support zone has been a reliable foundation for over two years, consistently preventing deeper declines. + he price is once again testing this key level, and so far, the support has held firm. While a significant rebound has yet to materialize, the strength of this zone suggests that a bounce back could be imminent. + Though a strong rebound has not yet occurred, the historical resilience of this support zone indicates a high likelihood of a recovery in the near term. --------------------------------------------------------------- VectorAlgo Trade Details ------------------------------ Entry Price: 0.4234 Stop Loss: 0.2836 ------------------------------ Target 1: 0.5477 Target 2: 0.7841 Target 3: 0.9784 Target 4: 1.4520 Target 5: 2.5783 ------------------------------ Timeframe: 1W Capital Risk: 1-2% of trading amount Leverage: 5-10x --------------------------------------------------------------- Enhance, Trade, Grow --------------------------------------------------------------- Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions. Best Regards, VectorAlgo
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by VectorAlgo
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Polygon Matic soon will be POL, what price ? On 17.07, they launched the process of CRYPTOCAP:MATIC to #POL migration on the test network On September 4, 2024, Polygon Labs developers will upgrade the main network. As part of this process, the final migration of #MATIC tokens to #POL will take place. The tokenomics should remain unchanged. Some tokens will be lost due to non-compliance with the migration instructions (purely human factor), and the supply will decrease accordingly. And in principle, they can start a global (3) wave of growth, with an intermediate goal of $1.25 for OKX:MATICUSDT , and the final $3.50 for #POLUSDT
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by P_S_trade
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MATIC looks bullishFrom where we placed the red arrow on the chart, it seems that MATIC has entered the correction phase. The correction pattern appears to be a diametric. The F wave can start from the green range. Be sure to save some profit on the first target. We are looking for buy/long positions on the green range. Closing a daily candle below the invalidation level will violate the analysis. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
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by behdark
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MATIC → Polygon Pullback to $0.35 then $0.70? Let's Answer.Since my February 3rd update, MATIC has remained in a trading range, as expected. We found resistance at $1.25 and then pulled back in two strong legs. Should we be bearish or bullish on MATIC? How do we trade this? 🤔 As expected, MATIC found resistance at the Resistance Zone of $1.25 after two pushes up in the trading range followed by two legs down, leaving us below the Support Zone at a low of $0.50. We now see the price finding support in this area, and it has yet to show signs of strength. It's not reasonable to enter a long here given that we lack a strong bullish candle close. We need to wait for a strong candle at this support area, but I believe it's more likely we will fall to the triangle low of around $0.31. Look for a signal and confirmation candle in this area then enter a long. Once that target is hit, take half profits at 1:1 Risk/Reward, moving the stop loss up to the entry price, then swinging the latter half of the position to 1:2 Risk/Reward. We also need to watch Bitcoin's sentiment as the price action plays out. I expect Bitcoin will fall into a two-legged pullback to around $40,000-$45,000, which should take the alt market down with it, either keeping it in a trading range or bringing it to lower lows. Until Bitcoin's sentiment shows a clear bull signal after a likely pullback, it's one more indicator we should allow to play out before getting long in MATIC. A final point of data is the RSI low and above the moving average of around 37.00. This indicates we are into the swing high and a long entry at this stage is warranted. 💡 Trade Idea 💡 Long Entry: $0.40 🟥 Stop Loss: $0.27 ✅ Take Profit #1: $0.53 ✅ Take Profit #2: $0.66 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two legs up toward a resistance zone in a triangle 2. Resistance met at $1.25, two legs back toward the triangle low 3. Look for a break below the triangle to the triangle low 4. Long entry justified after strong bull candle close near triangle low 5. RSI at 37.00 and below the moving average. Supports a long entry 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
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by TraderEngineering
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MATIC: GENRATIONAL BOTTOM IS IN!!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated! Welcome to this MATIC/USDT UPDATE MATIC looks amazing in the weekly time frame. Last time when MATIC accumulated in a 610-day channel it led to 20,000 Returns. Now, it is forming a symmetrical triangle kind of structure and accumulated in the triangle for more than 1200 days. Right now, it is sitting at the lower trendline of the triangle and also holding good support here. Buy some now and add more in the dip. Must Hit Targets:- $2.84/$4.72/$7.16/$9.88 Overall it's a double-digit potential, so leave some % for a moon bag🚀 What are your thoughts on MATIC's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
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by CoreCrypto1
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Is MATICUSDT Primed for a Bullish Reversal? Key Support LevelsYello, Paradisers! #MATICUSDT is making an interesting move, raising the probability of a bullish reversal from a key support level. 💎#Polygon is showing a high probability of bullish continuation from a strong support zone. We've seen #MATIC consistently respect the descending resistance, recently break upward, and complete a retest phase. Currently, it’s respecting internal resistance and approaching support at $0.5399, raising the probability of holding momentum at this key level and planning a bullish reversal. 💎If #MATIC can successfully sustain momentum, there is a high probability it will break above the resistance at $0.5700 and make a robust bullish move, targeting levels above this resistance zone. The price has already tapped this support level and made a significant upward move. We're expecting a repetition of the same reaction at this support level. 💎However, as sagacious traders, we must consider all probabilities. What if the price fails to take an upward ride from the support at $0.5399 and loses momentum? This would clearly indicate that seller sentiment is in control, and #MATIC could drop significantly. Strive for consistency, not quick profits. Treat the market as a businessman, not as a gambler. MyCryptoParadise iFeel the success🌴
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by MyCryptoParadise
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Shitcoin Summer is HereIt's hot outside right now. Real hot. Clocks in at 120 where I live. But I'm cool as a cucumber right now because I know my Christmas is gonna be a good one. Why? My shitcoins are about to move. Check out my chart of eight of my favorite $hitcoins - they've all retested bottom and the bottom rejected them all. So - whether you love em or hate 'em, back up we go. That's how it works. Don't fight it, you'll lose. Just buy someone else's bags for cheap now before this rocket blasts off.
COINBASE:MANAUSDLong
by lonestar108