MATIC seems to have reached support
BINANCE:MATICUSDT
After trading near the resistance line of the symmetrical triangle pattern, Polygon turned down and reached the support line. The flattening 20-day EMA ($1.13) and RSI below 50 suggest that the bulls may be losing their advantage.
If the price breaks below the support line, the short-term advantage may tilt in favor of the bears, and the MATIC/USDT pair could collapse to the 200-day SMA (
1). A break and close above the resistance line would signal strength and could potentially lead to a rally to $1.30.
Let me know what you think!
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After trading near the resistance line of the symmetrical triangle pattern, Polygon turned down and reached the support line. The flattening 20-day EMA ($1.13) and RSI below 50 suggest that the bulls may be losing their advantage.
If the price breaks below the support line, the short-term advantage may tilt in favor of the bears, and the MATIC/USDT pair could collapse to the 200-day SMA (
1). A break and close above the resistance line would signal strength and could potentially lead to a rally to $1.30.Let me know what you think!
Follow me for more TA!
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