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Polygon

MATIC (Polygon) Faces Resistance as Bears Take ControlMATIC (Polygon) is a cryptocurrency that has seen a -3.44% decrease in price over the past 24 hours. As of the time of this analysis, the current price of MATIC is $1.0945. Looking at the daily timeframe, we can see that the price of MATIC is currently below the 0.5 Fibonacci level, which indicates a potential trend reversal. The 0 Fibonacci level sits at 1.2500, while the 1 Fibonacci level is at 0.9426, and the 1.618 Fibonacci level is at 0.7527. This suggests that if the current downward trend continues, the price could potentially fall to these levels of support. The upper Bollinger band on the daily timeframe is at 1.2301, while the lower Bollinger band is at 1.0209, and the middle Bollinger band is at 1.1255. These bands can help us identify potential overbought or oversold levels in the market. Currently, the price is below the middle Bollinger band, indicating that the market is potentially oversold. The RSI is currently at 44, which is close to the oversold region. This indicates that the price of MATIC could potentially rebound in the near future. However, the Stochastic oscillator is currently at 27, which is also in the oversold region, indicating that the downward trend could continue. The MACD is currently at -0.0230, which suggests that the trend is bearish. Additionally, the Volume oscillator is currently at -20%, indicating a decrease in trading volume. Looking at the hourly timeframe, the EMA 100 is at 1.1002, which could potentially act as a level of resistance if the price of MATIC starts to rise. The On-Balance Volume (OBV) is currently at 47.544B, which indicates that there has been a net outflow of funds from MATIC over the past 24 hours. Overall, the price of MATIC has experienced a decrease over the past 24 hours, and the technical indicators suggest that the downward trend could potentially continue. However, there are also signs that the market may be oversold and that the price could rebound in the near future. Traders should monitor the key levels of support and resistance, as well as the volume and technical indicators, to make informed trading decisions.
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by MonoCoinSignal
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🔥MATIC REACH THE BOTTOM OF THE CHANNEL: REVERSE SOON?🔥Hi, friends! During the last speech of Jerome Powell said that if USA launch CBDC (digital USD), the price of crypto will go to 0. Also, the troubles with US banks push the price of the whole market lower. Matic is one of the strongest altcoins, so I think it will be the top gainer among other altcoins when BTC start the pullback. 📊 MY TRADING PLANS FOR MATIC: 🔥 test the lower boundary of the channel as the support 🔥 test the $0.88-0.92 value area as the support 🔥 volume growth which indicates the bottom 🔥 bullish BTC 🚩 I use DOM and Footrpint ✅ MY TARGETS FOR MATIC: 1. $1.4 - the mid of the channel 2. $1.8 - the top of the channel 💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU. P.S. Personally, I open an entry if the price shows it according to my strategy. Always do your analysis before making a trade
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by Yuriy_Bishko
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✴️ Let's Zoom In On Polygon | Easy Fast Target MappedWe looked at MATICUSDT (Polygon) long-term, weekly timeframe, but what about the short-term, how are things looking? Things are looking good to go straight to the point. When looking at the daily timeframe we can see MATICUSDT just recovered after hitting MA200. This right away tells us that this move is only getting started and there is more to come. This recovery happens at a higher low and thus the higher high is basically guaranteed. If not certainly, these additional bullish signals should help: - Increasing volume. - Bullish MACD cross and Bullish RSI. This is a powerful signal. Both indicators are showing hidden bullish divergence as they printed lower lows in a period when MATICUSDT printed a strong higher low. We've been saying it will continue growing and it is happening... Be prepared! Maximize profits because we don't know how the year will end. Secure, stay safe. See the "Related Ideas" below. Like/Boost, Comment & Follow! Namaste.
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by MasterAnanda
1
✴️ Polygon Super Healthy, Potential To Move Above $2.35MATICUSDT (Polygon) continues with one of the healthiest chart. We had a 3 weeks correction that bounced off EMA100 and closed above EMA10. Weekly, prices remain safely trading above all these moving averages (EMA10/21/50/100), this is ultra-bullish. Higher highs and higher lows since June 2022, more to come, stay tuned. The target is set above $2.35 but we go step by step. Remember to boost, comment and follow. Namaste.
MLong
by MasterAnanda
5
Potential for Growth in MATIC's PriceMATIC is currently trading at $1.1696 with an RSI of 53.94 on a 4-hour timeframe. The asset's price seems to be moving within the middle Bollinger band, which indicates that there is moderate volatility in the market. The 4-hour timeframe Fibonacci levels are also indicating some important levels of support and resistance for Matic. The upper Bollinger band is at $1.2599, and the lower Bollinger band is at $1.0474. These bands are often used to indicate levels of support and resistance for an asset, and Matic's price seems to be trading between these two levels. The 0 Fibonacci level at $1.2443 and the 0.5 Fibonacci level at $1.0935 are also important levels of support and resistance to watch for. The MACD for Matic is currently at 0.0331, indicating some bullish momentum in the market. However, the volume oscillator is at -12.39%, which may indicate that there is not a lot of interest or momentum from traders at the moment. The stochastic oscillator is also at 49, indicating that the asset is currently neither oversold nor overbought. In recent news, the CEO of Polygon (Matic), Sandeep Nailwal, has announced that Ethereum (ETH) is the future of Layer 1. This news could potentially have a positive impact on Matic's price, as Polygon is built on the Ethereum network. It suggests that there is a bright future for Matic as a Layer 2 scaling solution for Ethereum. Furthermore, the article also mentions a new project called HedgeUp (HDUP), which aims to lead the Web 3.0 alternative crypto sphere. This new project could also have a positive impact on Matic's price, as it highlights the growing interest and adoption of cryptocurrencies and blockchain technology. Overall, based on the technical indicators and recent news, Matic's price seems to be stable with moderate volatility. The Fibonacci levels, Bollinger bands, MACD, and stochastic oscillator indicate that the asset is currently trading within a range. However, the news about Ethereum's future and the launch of HedgeUp suggests that there is potential for growth and adoption of Matic in the future.
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by MonoCoinSignal
5
Polygon Matic UsdtIF Not APT Polygon Matic has been one of the best performing asset during the bull run and during this accumulation period I wish i was in belief at the bottom but i was waiting to see BTC BOTTOM OUT and i sill havent open any position on Matic WHY do matic make me think of Mars Maybe its EARTH LAYERR 2 LMAO What i really wish for; in the coming days after cpi I wish to stay Neutral But an Old WISE MAN ONCE SAID GO SHOPPING WHEN THERE IS BLOOD IN THE STREET LMAO WARREN ICT STUDENT This is not a financial advice OR TRADE SIGNAL DYOR
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by Wakandian
MATIC- New Targets (1.7$ next for now)MATIC POLYGON has been growing and becoming a success story in crypto. Since my first idea at 40 cents: we have had many ups and down...but mostly ups. Polygon has been a great one to buy every time the market dips and that's again today. 0.96 is support and if that fails we could see 76 cents again but i think this could be a great time to attempt a Long position (i do have a SL under 94 cents). News: Polygon Labs is proud to drop its Core Policy Principles – a set of four guideposts that will drive our approach to advocating for sound laws for the web3 ecosystem. More info 👇 Principles is something GREAT when it comes to crypto (so many scams out there...) Starbucks Sells 2,000 NFTs In Just 20 Minutes — But No Free Coffee Included: Starbucks Odyssey on Thursday unveiled its first set of paid-for NFTs, called “digital stamps,” which were sold out in under 20 minutes. What Happened: The Starbucks NFT program is invitation-only, offering customers the chance to take part in activities such as quizzes and in-store purchases to earn Stamps. These Stamps can then be collected and even resold on the cryptocurrency-trading platform, Nifty Gateway. uk.investing.com In general.. Matic is an oasis in a troubled crypto sphere. Go Matic! One Love, The FXPROFESSOR REMEMBER TO ENTER ON SUPPORT AND TAKE PROFIT AT RESISTANCE:
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by FX_Professor
✴️ Polygon (MATIC) End Of The Correction?It is hard to call the end of a correction but why? The bots adapt life to everything we do, everything we comment, everything we write, everything we share. The correction can be due to be over now but if a large influx of money enters the market, the exchanges bots will "readjust" and dump on all of us rather than let the market flow. No worries. The majority is in denial and it is hard to spot the end of a correction after all... Again, why? Because there are multiple levels that are relevant for a correction to end. Here we have the 0.618 Fib. retracement level short-term activated, below 0.382 Fib. retracement for the full bullish wave (since June) and lastly, the 0.5 Fib. extension level for this same wave as well. The correction can end here when we look at the volume and the indicators, they already moved down strong enough but, if prices where to continue lower, the 0.8600 to 0.8900 price range is the next strong support. It doesn't matter if the correction will end now or within a few days more... The bullish potential is really strong, Polygon has been growing since its June 2022 low. ✔️ 263 Days of higher highs and higher lows or almost 9 months. ✔️ The bear market ended in June 2022 for MATICUSDT... True, the bear market ended long ago. ✔️ Adapt and change. ✔️ Think long-term. Thanks a lot for your amazing and continued support. Namaste.
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by MasterAnanda
MATIC: Approaching SupportPolygon (MATIC) technical analysis: Trade setup : Price was rejected at $1.60 resistance and pulled back near $1.00 support, which could be an attractive swing entry. Momentum is inflecting bullish again (MACD Histogram rising). Trend : Downtrend on Short-Term basis, Neutral on Medium-Term basis and Uptrend on Long-Term basis. Momentum is Bearish (MACD Line is below MACD Signal Line, and RSI is below 45). Support and Resistance : Nearest Support Zone is $1.00, then $0.75. The nearest Resistance Zone is $1.30, then $1.60.
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by altFINS
MATIC - Just Like A Bow And Arrow 🏹 Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. MATIC has been overall bullish trading inside the rising broadening wedge in blue and is now retesting the lower bound. Moreover, the zone 0.95 - 1.0 is a strong weekly support zone. 🏹 So the highlighted purple circle is a strong area to look for buy setups as it is the intersection of the blue support zone and lower red trendline. (acting as a non-horizontal support) As per my trading style: As MATIC approaches the lower purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
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by TheSignalyst
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#Polygon Tanks 30% in Less Than 3 Weeks, Support at $1.10Past Performance of Polygon Polygon prices more than double from January to February. MATIC rose 108% from December lows and remains within a bullish formation despite recent losses. From the daily chart, MATIC is down 30% from February peaks and likely to post even more losses in sessions ahead. #Polygon Technical Analysis Polygon prices fell over the weekend, continuing their retracement from February highs. The token now has support at the 61.8% retracement level though the uptrend remains valid. As it is, traders can find support at $1.10 with resistance at $1.30, coinciding with the 38.2% Fibonacci retracement of the December to February 2023 trade range. Any loss below $1.10, confirming losses of March 3 and 4, might see MATIC slide to $0.95, a reaction line flashing with December highs. Meanwhile, optimistic traders can wait for an expansion above $1.30 before loading, targeting February highs at $1.58. What to Expect from #MATIC? The uptrend remains bullish, but bears are pressing on. With MATIC down roughly 30% from February peaks, retesting a critical Fibonacci retracement level, traders can wait for a definitive breakout. Gains above $1.30 or losses below $1.10 will shape the short-term trend. Resistance level to watch out for: $1.30 Support level to watch out for: $1.10 Disclaimer: Opinions expressed are not investment advice. Do your research.
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by Bitcoin_Analyzer