MATIC Price Prediction: Polygon Rally is Just Getting Started

Name	Symbol	Market	Market Cap ($)	Algorithm
Bitcoin	BTCUSD	Crypto	1,235,480,836,189	SHA-256d

Name

Symbol

Market

Market Cap ($)

Algorithm

Bitcoin

BTCUSD

Crypto

1,235,480,836,189

SHA-256d

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-771.01	-1.21%	62,968.02	62,965.06	62,968.32

Price Change

Price Change %

Current Price

Bid Price

Offer

-771.01

-1.21%

62,968.02

62,965.06

62,968.32

High Price	Low Price	Open Price	Prev. Close	52 Week Range
63,900.00	62,445.06	63,748.82	63,739.03	24,750.00 - 73,835.57

High Price

Low Price

Open Price

Prev. Close

52 Week Range

63,900.00

62,445.06

63,748.82

63,739.03

24,750.00 - 73,835.57

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	10:33:17	0.000040	62,967.31	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

10:33:17

0.000040

62,967.31

USD

Price x Volume	Volume	Base Symbol	Related Pairs
199,150,208.59	3,162.26	BTC	BTCEUR	BTCGBP	ETHBTC

Price x Volume

Volume

Base Symbol

Related Pairs

199,150,208.59

3,162.26

MATIC Price Prediction: Polygon Rally is Just Getting Started

08/02/2023 5:29am

NEWSBTC

MATIC price started a fresh increase from the $1.10 support zone. Polygon bulls are in control and might push the price towards the $1.40 level. MATIC price started a fresh rally above the $1.10 resistance against the US dollar. The price is trading above $1.10 and the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $1.25 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise towards the $1.35 and $1.42 resistance levels. Polygon’s MATIC Price Surges Above $1.20 In the past few days, polygon’s price formed a strong base above the $1.00 zone. MATIC remained stable and started a fresh increase above the $1.10 resistance zone. There was a strong move above the $1.15 level and the 100 simple moving average (4-hours). The upward move was such that the price even broke the $1.25 level and traded to a new yearly high at $1.295. It is up over 5% in a day and over 15% in a few days, outperforming bitcoin and ethereum. Matic price is trading above $1.10 and the 100 simple moving average (4-hours). There is also a key bullish trend line forming with support near $1.25 on the 4-hours chart of the MATIC/USD pair. The price is comfortably trading above the 23.6% Fib retracement level of the upward move from the $1.167 swing low to $1.295 high. On the upside, an immediate resistance is near the $1.30 level. The first major resistance is forming near the $1.35 zone. Source: MATICUSD on TradingView.com If there is an upside break above the $1.35 resistance level, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.42 level or even $1.50. Dips Supported in MATIC? If MATIC price fails to rise above the $1.30 and $1.35 resistance levels, it could start a downside correction. An immediate support on the downside is near the $1.265 level. The main support is near the $1.25 level or trend line. A downside break below the $1.250 level could open the doors for a fresh decline towards $1.215 or the 61.8% Fib retracement level of the upward move from the $1.167 swing low to $1.295 high. The next major support is near the $1.18 level. Technical Indicators 4-hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level. Major Support Levels – $1.25 and $1.215. Major Resistance Levels – $1.30, $1.35 and $1.42.

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