MATIC Price Prediction: Can Polygon Rip Higher To $1.15

2024-4-9 08:28

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.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price matic above polygon control might aim

Источник: newsbtc.com

price matic → Результатов: 126


Polygon Seen Breaching $1 This Week – Can MATIC Start An Uptrend?

Polygon (MATIC) seems to have its vigor back with it potentially breaching $1 in the coming days. Polygon price is seen to generate massive gains at 108% MATIC price shoots close to a critical level that bulls are eyeing to test Set your eye on this critical level to catch the uptrend MATIC price is moving extremely bullish and could squeeze pushing the price above $1 setting the stage for a huge uptrend that could potentially double the coin’s price to $2.

2022-8-17 03:31


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

MATIC down 21% in April: Can 115K Polygon whales turn the tide in May?

MATIC whales have accumulated more tokens in the last month. However, the token’s price has continued to fall. The count of Polygon [MATIC] whales has rallied in the last month despite theThe post MATIC down 21% in April: Can 115K Polygon whales turn the tide in May? appeared first on AMBCrypto.

Solana NFTs revive, beat Polygon: What about Ethereum NFTs?

In the last 24 hours, SOL’s NFT sales exceeded $3 million  Ethereum continued to dominate Solana and Polygon in the NFT ecosystem Solana [SOL] witnessed some traction in its NFT ecosystemThe post Solana NFTs revive, beat Polygon: What about Ethereum NFTs? appeared first on AMBCrypto.

Polygon zkEVM logs 11 million transactions, but there is a problem

Polygon zkEVM’s average gas price dropped sharply last month  Both zkEVM’s active addresses and transactions were significantly lower than zkSync Era's Polygon zkEVM is in the news agaiThe post Polygon zkEVM logs 11 million transactions, but there is a problem appeared first on AMBCrypto.

Examining MATIC's future as Polygon records new ATH in key area

Polygon’s daily active addresses exceeded 1.4 million.  MATIC’s price surged by more than 9% in the last 24 hours. Polygon [MATIC] has been in the new for several weeks because of its hThe post Examining MATIC's future as Polygon records new ATH in key area appeared first on AMBCrypto.

Binance, Polygon lead in this area, but struggle in others - why?

Binance and Polygon saw more unique addresses than other chains. TVL and volume reduced despite the number of unique addresses. Recent data indicates that Binance [BNB] and Polygon [MATIC] hThe post Binance, Polygon lead in this area, but struggle in others - why? appeared first on AMBCrypto.

Is MATIC 'doomed to irrelevancy?' What analysts have to say

MATIC, LDO, and APE were struggling to hold up their past rally gains.  Analyst believes “weaker” alts are losing to Bitcoin and stronger alts. Out of the several altcoins that stronglyThe post Is MATIC 'doomed to irrelevancy?' What analysts have to say appeared first on AMBCrypto.