Cryptocurrencies: 6460 / Markets: 48001 Market Cap: 24h Vol:
2021-09-25 03:50:41

Polygon Price Analysis: MATIC corrects at $1.1200

TL;DR Breakdown Polygon price analysis shows bullish momentumMATIC/USD recorded declines yesterdaySupport keeps shifting The market has fallen yet again, this time to $1.00, and bears have entered the bull territory with subsequent bullish reaction indications. As a result, we anticipate MATIC/USD to rise higher later today and resume its advance above the $0.60 previous major support level. Over the previous 24 hours, the cryptocurrency market fluctuated in a modest range as bullish momentum picks up once again today. Bitcoin, the market leader, is flat for now with a decrease of 0.02 percent and Ethereum is down by 1.52 percent. MATIC/USD traded in a range of $1.02 – $1.16, indicating strong volatility over the last 24 hours. The trading volume has increased by 8.46 percent and now totals $1.19 billion, putting the coin in 21st place globally. MATIC/USD 4-hour chart: MATIC look to return above $0.60?  On the hourly chart, we see Polygon price action making a push back toward the $0.60 previous major support. MATIC/USD 4-hour chart. Source: TradingView Polygon action has been quiet for the past few weeks. After an incredible jump to $1.35 at the start of September, a comparable retrenchment occurred on September 7th. Following its breakout above $0.60, the MACD and RSI both found support at this level for about a week before trading sideways around the support for several weeks. The $0.80 resistance was established late...

Get Crypto Newsletter
Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer