Despite Polygon’s Bullish Run, Buyers Struggle Near Resistance Of $1.0

Name	Symbol	Market	Market Cap ($)	Algorithm
Waves	WAVESUSD	Crypto	264,000,000	Not Mineable

Name

Symbol

Market

Market Cap ($)

Algorithm

Waves

WAVESUSD

Crypto

264,000,000

Not Mineable

	Price Change	Price Change %	Current Price	Bid Price	Offer
	0.050	1.92%	2.65	2.65	2.66

Price Change

Price Change %

Current Price

Bid Price

Offer

0.050

1.92%

2.65

2.66

High Price	Low Price	Open Price	Prev. Close	52 Week Range
2.66	2.60	2.60	2.60	1.22 - 4.98

High Price

Low Price

Open Price

Prev. Close

52 Week Range

2.66

2.60

1.22 - 4.98

Exchange	Last Trade	Size	Trade Price	Currency
KRKN	08:06:54	26.06	2.65	USD

Exchange

Last Trade

Size

Trade Price

Currency

KRKN

08:06:54

26.06

2.65

USD

Price x Volume	Volume	Base Symbol	Related Pairs
5,375.06	2,038.24	WAVES	WAVESEUR	WAVESGBP	WAVESBTC

Price x Volume

Volume

Base Symbol

Related Pairs

5,375.06

2,038.24

Despite Polygon’s Bullish Run, Buyers Struggle Near Resistance Of $1.0

01/08/2022 2:10pm

NEWSBTC

The Polygon (MATIC) has had an impressive bull run seen in the last couple of days. The coin is treading above the EMA red lines as seen on the daily price chart. On the other hand, MATIC’s trading volume has plunged by as much as 42% or $1.1 billion overnight. MATIC price went for a bull run right after it breached the symmetrical triangle pattern spotted on the upside. As it turns out, $1.0 had been a critical level to break for a long time which was a tough challenge for MATIC. MATIC/USDT Currently At $0.93 MATIC/USDT pair is currently trading at $0.93. Bears are having a hard time keeping the coin’s price under $1.0. Moreover, Polygon’s price is shooting for the 200 DMA line. Meanwhile, Polygon’s total market capitalization has declined by 2.5% or is currently at $7.4 billion as seen over the past 24 hours. Trading volume for MATIC has also dropped by 42% or to $1.1 billion as seen overnight. RSI is also looking bullish as it was able to rebound successfully from its lower bottom. Despite the bull run, Polygon has been struggling to bust the resistance level of $1.0. However, a resistance breakout is looming for next week. Valdrin Tahiri, a top crypto expert, said that Polygon was able to jump off the critical support at $0.74 plus was able to cross the resistance line. More so, MATIC is targeting to test and shift the resistance at $0.74 to the support line. Polygon To Rise 20x To 60x In Next Bull Run Tahiri says that MATIC is trying to complete the fourth of the five-wave sequence of downward movements as the coin is bottoming out. MATIC is now ready to breach the upward trend once the last leg of the five waves is completed and targeting $1.40. CryptoFaibik, a popular crypto expert and YouTuber, was able to spot a bullish streak in the price chart of MATIC referred to as the Descending Broadening Wedge Breakout, which indicates the coin’s upside reversal. The crypto expert has set its eye on $1.97 or a 217% increase in MATIC price. According to Michäel van de Poppe, a popular crypto expert and educator, MATIC’s price is set to increase around 20x to 60x in the next bull run or uptrend. More so, analysts have also seen a bullish streak in the Polygon price chart allowing exception gains. MATIC traders and holders are enjoying the advantage of the partnerships and expansion projects that have been announced in the past month. MATIC total market cap at $7.20 billion on the daily chart | Source: TradingView.com Featured image from Analytics Insight, chart from TradingView.com

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WAVESUSD Waves