MATIC Price Prediction: Why Rally Isn’t Over Yet

Name	Symbol	Market	Market Cap ($)	Algorithm
Polygon	MATICUSD	Crypto	6,738,488,735	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Polygon

MATICUSD

Crypto

6,738,488,735

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	-0.0059	-0.81%	0.7268	0.7261	0.7262

Price Change

Price Change %

Current Price

Bid Price

Offer

-0.0059

-0.81%

0.7268

0.7261

0.7262

High Price	Low Price	Open Price	Prev. Close	52 Week Range
0.7364	0.7242	0.7319	0.7327	0.492200 - 1.29

High Price

Low Price

Open Price

Prev. Close

52 Week Range

0.7364

0.7242

0.7319

0.7327

0.492200 - 1.29

Exchange	Last Trade	Size	Trade Price	Currency
GDAX	11:07:26	26.70	0.7268	USD

Exchange

Last Trade

Size

Trade Price

Currency

GDAX

11:07:26

26.70

0.7268

USD

Price x Volume	Volume	Base Symbol	Related Pairs
1,194,597.69	1,639,523.88	MATIC	MATICEUR	MATICGBP	MATICBTC

Price x Volume

Volume

Base Symbol

Related Pairs

1,194,597.69

1,639,523.88

MATIC Price Prediction: Why Rally Isn’t Over Yet

07/11/2022 7:47am

NEWSBTC

MATIC price started a major increase from the $0.840 support zone. Polygon buyers pumped the price above $1.20 and there could be more upsides. MATIC price rallied above the $1.00 and $1.20 resistance levels against the US dollar. The price is trading well above $1.00 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with resistance at $1.22 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise and might soon revisit the $1.50 resistance zone. Polygon’s MATIC Price Rallies Steadily After forming a base above the $0.800 level, polygon’s price started a fresh increase. MATIC price broke the $0.880 and $0.980 resistance levels to move into a positive zone. There was a strong move above the $1.00 resistance and the 100 simple moving average (4-hours). Finally, the price surged above the $1.20 resistance. A high was formed near $1.304 and the price recently started a downside correction, similar to bitcoin and ethereum. There was a move below the $1.22 and $1.20 levels. The price declined below the 23.6% Fib retracement level of the upward move from the $0.838 swing low to $1.304 high. However, matic bulls are active above the $1.15 level. There is also a key contracting triangle forming with resistance at $1.22 on the 4-hours chart of the MATIC/USD pair. On the upside, an immediate resistance is near the $1.22 zone. Source: MATICUSD on TradingView.com The first major resistance is forming near the $1.240 zone. The main resistance is now forming near the $1.300 level. If there is an upside break above the $1.300 and $1.304 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.50 level. Dips Limited in MATIC? If MATIC price fails to continue higher above the $1.22 or $1.24 levels, it could start a downside correction. An immediate support on the downside is near the $1.150 level. The main support is near the $1.060 level. A downside break below the $1.060 level could open the doors for a fresh decline towards $0.950 or the 100 simple moving average (4-hours). The next major support is near the $0.850 level. Technical Indicators 4-hours MACD – The MACD for MATIC/USD is slowly losing 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 – $1.15 and $1.060. Major Resistance Levels – $1.22, $1.24 and $1.30.

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MATICUSD Polygon