MATIC Price Prediction: Polygon Rallies To $1 and Bulls Are Not Done Yet

Name	Symbol	Market	Market Cap ($)	Algorithm
Polygon	MATICUSD	Crypto	6,317,971,391	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polygon

MATICUSD

Crypto

6,317,971,391

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0011	-0.16%	0.680	0.6803	0.6805

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0011

-0.16%

0.680

0.6803

0.6805

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.6903	0.671	0.6813	0.6811	0.492200 - 1.29

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.6903

0.671

0.6813

0.6811

0.492200 - 1.29

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	15:52:23	40.00	0.680	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

15:52:23

40.00

0.680

USD

Price x Volume	Volume	Base Symbol	Related Pairs
2,410,953.92	3,533,845.48	MATIC	MATICEUR	MATICGBP	MATICBTC

Price x Volume

Volume

Base Symbol

Related Pairs

2,410,953.92

3,533,845.48

MATIC Price Prediction: Polygon Rallies To $1 and Bulls Are Not Done Yet

19/02/2024 4:28am

NEWSBTC

MATIC price is up over 10% and it tested the $1.00 resistance. Polygon bulls are in full control, and they might aim for more upsides above $1.00. MATIC price started a fresh increase above the $0.850 resistance against the US dollar. The price is trading above $0.95 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support at $0.958 on the 4-hour chart of the MATIC/USD pair (data source from Kraken). The pair could continue to move up if it clears the $1.00 resistance. Polygon Price Starts Fresh Surge After forming a base above the $0.80 level, Polygon’s price started a fresh increase. MATIC cleared many hurdles near $0.880 and $0.900 to move into a positive zone, like Bitcoin and Ethereum. There was also a move above the $0.92 resistance and the 100 simple moving average (4 hours). Finally, it tested the $1.00 resistance. A multi-week high is formed near $1.000 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.8185 swing low to the $1.00 high. MATIC is trading above $0.950 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.958 on the 4-hour chart of the MATIC/USD pair. Immediate resistance is near the $0.995 zone. The first major resistance is near the $1.00 level. If there is an upside break above the $1.00 resistance level, the price could continue to rise. Source: MATICUSD on TradingView.com The next major resistance is near $1.08. A clear move above the $1.08 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $1.120 level or $1.150. Are Dips Limited in MATIC? If MATIC’s price fails to rise above the $1.00 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.955 level and the trend line. The main support is near the $0.900 level or the 50% Fib retracement level of the upward move from the $0.8185 swing low to the $1.00 high. A downside break below the $0.900 level could open the doors for a fresh decline toward $0.850. The next major support is near the $0.800 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 – $0.955 and $0.900. Major Resistance Levels – $1.00, $1.08, and $1.12.

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MATICUSD Polygon