Short
Polygon's MATIC could slide to
BINANCE:MATICUSDT
Polygon is facing a bearish market as attempts to rally are being met with selling by the bears. The MATIC/USDT pair could fall to $0.94, which is likely to act as strong support. If the price rebounds from this level, the buyers may attempt to push the pair above the moving averages.
In this case, the pair may reach the resistance line, and the buyers will have to kick the price above this level to start a potential recovery to $1.30. However, if the price plunges below the $0.94 support, the pair may fall towards $0.69.
Let me know what you think!
Follow me for more TA!
Polygon is facing a bearish market as attempts to rally are being met with selling by the bears. The MATIC/USDT pair could fall to $0.94, which is likely to act as strong support. If the price rebounds from this level, the buyers may attempt to push the pair above the moving averages.
In this case, the pair may reach the resistance line, and the buyers will have to kick the price above this level to start a potential recovery to $1.30. However, if the price plunges below the $0.94 support, the pair may fall towards $0.69.
Let me know what you think!
Follow me for more TA!
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.