Matic also continues to grind upward slowly staying above the 20SMA, RSI is back into the uptrend. This stubborn teal line is a multi-month resistance. The purple line is a far longer support so the fact the token remains above this is a strong indicator that the token is ready to continue higher on the weekly basis. Short term we test the teal and maybe bounce into the local demand zone before a break.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.