Name |
Symbol |
Market |
Type |
Polygon |
COIN:MATICUSD |
Crypto |
Cryptocurrency Rate |
|
Price Change |
% Change |
Price |
Bid Price |
Offer Price |
High Price |
Low Price |
Open Price |
Traded |
Last Trade |
|
-0.0072 |
-0.96% |
0.7438 |
0.7436 |
0.7439 |
0.759 |
0.7363 |
0.7513 |
5,841,894.62 |
14:19:15 |
MATIC Price Prediction: Can Polygon Rip Higher To $1.15
09/04/2024 6:28am
NEWSBTC
MATIC price is up over 5% and it tested the $0.950 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 $0.920 resistance against the US dollar. The price is trading above $0.925 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance at $0.9150 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 $0.9720 resistance. Polygon Price Starts Fresh Increase After forming a base above the $0.8620 level, Polygon’s price started a fresh increase. MATIC cleared many hurdles near $0.880 and $0.8950 to move into a positive zone, like Bitcoin and Ethereum. There was also a move above the $0.90 resistance and the 100 simple moving average (4 hours). The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $1.0854 swing high to the $0.8612 low. Besides, there was a break above a key bearish trend line with resistance at $0.9150 on the 4-hour chart of the MATIC/USD pair. MATIC is trading above $0.9250 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.960 zone. The first major resistance is near the $0.9720 level or the 50% Fib retracement level of the downward move from the $1.0854 swing high to the $0.8612 low. If there is an upside break above the $0.9720 resistance level, the price could continue to rise. Source: MATICUSD on TradingView.com The next major resistance is near $1.00. A clear move above the $1.00 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $1.100 level or $1.150. Are Dips Limited in MATIC? If MATIC’s price fails to rise above the $0.9720 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.915 level and the same trend line. The main support is near the $0.880 level. A downside break below the $0.880 level could open the doors for a fresh decline toward $0.8620. The next major support is near the $0.8250 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 – $0.9150 and $0.880. Major Resistance Levels – $0.9720, $1.00, and $1.15.
1 Year Polygon Chart
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1 Month Polygon Chart
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