COINPEDIA

MATIC price trend seen collapsing

COINBASE:MATICUSD   MATIC/USD
The MATIC price flipped into a bearish trap and strikes at $1.61. In the early hours, MATIC was positioned at $1.82 and witnessed a downtrend from $1.82 point to reach $1.7. Currently the movement has shifted from the parallel range, quoted and is falling as a downtrend. In coming hours, the price may slump further at $1.55. In Contrast, gaining some bulls it might sail in the current point or above. However, npow the buying pressure is highly active with RSI striking at 33.

Support level seen at $1.80
Resistance level strikes at $1.82

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