Are you Bullish on Polygon (MATIC)?
Polygon
MATICUSDT
is a layer-2 scaling solution for the Ethereum blockchain. It is designed to improve the scalability, security, and transaction fees of the Ethereum blockchain. Polygon has a number of strong fundamentals, including a large and growing community, a strong team of developers, and a number of partnerships with major companies in the blockchain space.
Community Ad Volume
Polygon (MATIC) has a high level of community ad volume, which suggests that there is a lot of interest in the project. This is a positive sign, as it indicates that the project is likely to continue to grow in the future.
Price Action
Polygon (MATIC) is currently trading at $0.7532, up 1.47% in the last 24 hours. The price has been trending upwards since October 1st, and it has made a series of higher highs and higher lows. This suggests that the bulls are in control of the market, and that the price is likely to continue to move higher in the short term.
Order Flow and Order Block
There is a strong support level at $0.72, which has been tested multiple times in the past. This suggests that there is a lot of buy orders at this level, and that the price is unlikely to fall below it in the short term. There is also a minor resistance level at $0.80, which has been tested multiple times in the past. It is likely to break this level sooner
Pivot and Patterns
There is a pivot point at $0.74, which is the average of the high, low, and close of the previous trading day. This is a key support level, and the price is likely to bounce off of it if it falls below it. There is also a rising trendline at $0.70, which has been in place since October 1st. This trendline is likely to continue to support the price as it moves higher.
MATIC is forming a Cup and Handle Pattern which indicates a breakout with a potential to break immediate resistances and hit $1 sooner.
MATICUSDT
is a layer-2 scaling solution for the Ethereum blockchain. It is designed to improve the scalability, security, and transaction fees of the Ethereum blockchain. Polygon has a number of strong fundamentals, including a large and growing community, a strong team of developers, and a number of partnerships with major companies in the blockchain space. Community Ad Volume
Polygon (MATIC) has a high level of community ad volume, which suggests that there is a lot of interest in the project. This is a positive sign, as it indicates that the project is likely to continue to grow in the future.
Price Action
Polygon (MATIC) is currently trading at $0.7532, up 1.47% in the last 24 hours. The price has been trending upwards since October 1st, and it has made a series of higher highs and higher lows. This suggests that the bulls are in control of the market, and that the price is likely to continue to move higher in the short term.
Order Flow and Order Block
There is a strong support level at $0.72, which has been tested multiple times in the past. This suggests that there is a lot of buy orders at this level, and that the price is unlikely to fall below it in the short term. There is also a minor resistance level at $0.80, which has been tested multiple times in the past. It is likely to break this level sooner
Pivot and Patterns
There is a pivot point at $0.74, which is the average of the high, low, and close of the previous trading day. This is a key support level, and the price is likely to bounce off of it if it falls below it. There is also a rising trendline at $0.70, which has been in place since October 1st. This trendline is likely to continue to support the price as it moves higher.
MATIC is forming a Cup and Handle Pattern which indicates a breakout with a potential to break immediate resistances and hit $1 sooner.
Comment:
Matic hits $0.82 levels
Comment:
Matic to touch $0.9
Comment:
Matic need to survive $0.98 levels to survive further.