Cryptocurrencies: 6460 / Markets: 48001 Market Cap: 24h Vol:
Cryptopolitan
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...

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