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MATIC Bullish Retest After Breakout so Target ?MATIC/USDT Chart Analysis: Potential 20-30% Rise on Support Level Bounce Polygon (MATIC) has recently been retesting a key support level. This is an exciting time for traders and investors alike, as a bounce from this support level could potentially lead to a 20%-30% upward move in MATIC's value. However, it is important to keep an eye on the $0.95 level. If the price of MATIC falls below this level, the trend could turn bearish, and it may be time to reconsider your trading strategy. On the other hand, if the price holds above $0.95, it could signal a bullish trend and a good opportunity to go long on MATIC. As always, it is essential to have a clear exit strategy. If you decide to go long on MATIC, consider setting a stop-loss order below the $0.95 level to protect your investment. Remember, the key to successful trading is to stay informed and make calculated decisions based on the market trend. Keep an eye on the MATIC/USDT chart and be ready to adapt your strategy as the market evolves.
MLong
by CryptoPatel
Are you Bullish on Polygon (MATIC)?Polygon BINANCE: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.
MLong
by UnknownUnicorn34628734
MATIC/USDT Technical Analysis: Navigating Key Levels and Potent MATIC/USDT Technical Analysis: Navigating Key Levels and Potential Scenarios Current Status: MATIC is currently trading at $0.8532, reaching a recent high of $0.9831. The successful attainment of the $1 target, as previously predicted, signals profitable outcomes for those who followed our analysis. Symmetrical Triangle Pattern: The chart reveals the formation of a symmetrical triangle, with a robust resistance level identified at $1.00. This pattern implies a consolidation phase, and future price movements within this triangle are crucial in determining MATIC's trajectory. Future Potential: A breakthrough above the $1.00 resistance level could pave the way for a substantial uptrend, with potential targets ranging from $5 to $10 in the next bullish cycle. Traders are urged to closely monitor this pivotal level. Bullish Momentum: In a bullish market, MATIC exhibits strong upward momentum, creating favorable conditions for potential breakout opportunities. Stay vigilant for positive trends and capitalize on bullish movements. Potential Retracement Scenario: A rejection from the $0.90-$1.00 resistance zone may prompt a retracement, possibly testing the $0.48 support level. Such retracements offer buying opportunities for those seeking entry at more favorable prices. Critical Levels to Watch: Support Levels: $0.48, $0.30 Resistance Levels: $1.00, $1.50, $2.90 Follow us for more Quality content. Thank you
MLong
by CryptoPatel
MATIC NEW PLAN 1D BULLISHThe price of Polygon (MATIC) is $0.562405 today with a 24-hour trading volume of $222,986,726.76. This represents a 0.97% price increase in the last 24 hours and a 1.35% price increase in the past 7 days. With a circulating supply of 9.3 Billion MATIC, Polygon is valued at a market cap of $5,244,059,951. Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications. Using Polygon, one can create Optimistic Rollup chains, ZK Rollup chains, stand alone chains or any other kind of infra required by the developer. Polygon effectively transforms Ethereum into a full-fledged multi-chain system (aka Internet of Blockchains). This multi-chain system is akin to other ones such as Polkadot, Cosmos, Avalanche etc with the advantages of Ethereum’s security, vibrant ecosystem and openness. Nothing will change for the existing ecosystem built on the Plasma-POS chain. With Polygon, new features are being built around the existing proven technology to expand the ability to cater to diverse needs from the developer ecosystem. Polygon will continue to develop the core technology so that it can scale to a larger ecosystem. The EURONEXT:MATIC token will continue to exist and will play an increasingly important role, securing the system and enabling governance.
MLong
by mudasnt
MATIC PRICE ACTIONDespite the short recovery, the MATIC coin price reverses its course to take a bearish turn. This represents a sharp and sudden increase in selling pressure. The MATIC price falls below the $0.65 mark and approaches the crucial bottom support at $0.60. This is a significant level of support, and if the price breaks below it, it could lead to further declines. However, if the price can hold above $0.60, it could start to recover. The spike in intraday trading volume intensified the 5.97% drop last night as the MATIC prices broke under $0.65. The selling pressure was so intense that it caused the price to drop below $0.65. The crazy selling trend continued today, with a 3.02% fall. At the time of writing, the price of MATIC is at $0.60, and it will likely continue to fall until it reaches the support zone at $0.55. The sharp selling pressure in altcoins makes it difficult for MATIC to find a reversal point. However, the solid bullish dominance at the $0.60 support level could absorb the selling pressure. This means buyers may find the drop to $0.60 a good entry point. If the market reverses and moves higher, MATIC could reach the 50-day EMA, close to $0.70. However, if the price drops below $0.60, it could test the psychological level of $0.50.
MLong
by mudasnt
1
MATIC/USDT : Inverse Cup and Handle Points to Bearishness💎 Paradisers, zoom in on MATIC/USDT at the daily chart. It's sketching an inverse cup and handle pattern, hinting at potential bearish undertones. If MATIC/USDT dip below the 0.4851 demand mark, we're expecting targets till the demand levels of 0.3470 and 0.2269. 💎 However, a surge past the handle's peak at 0.9342 would invalidate this bearish pattern. The cup's peak indicates a lower high (LH), while the handle's pinnacle suggests a lower low (LL), signaling that the bears are flexing their muscles. Navigate wisely and stay ahead of the curve, ParadiseSquad!
MShort
by MyCryptoParadise_Nathan
MATIC/USDT forming W pattern WIth MACD bullish divergenceMATIC/USDT 💎 ParadiseSquad, let's turn our attention to MATIC/USDT. Currently, it's consolidating beneath the demand and supply zone on the 1-hour timeframe. Interestingly, it seems to have trapped breakout traders who entered at the breakdown of the demand zone. 💎 If these traders have placed their stop losses above the supply zone, a break above this zone could trigger a bullish move. The MACD is also indicating a bullish divergence, further supporting this potential upward shift. 💎 We're looking for a breakout above the supply zone at 0.6857. If this occurs, we could see targets reaching up to the next supply zones at 0.6982 - 0.7039. However, if it continues to consolidate under this area for an extended period, it may reduce the likelihood of our analysis playing out, and it might be better to stand aside. 💎 The 200 EMA is also close to the supply zone, which could make it challenging to break through the supply zone. However, once it does, we could see a significant upward movement. As always, stay alert and happy trading, ladies and gentlemen!
MLong
by MyCryptoParadise_Nathan