Long
Polygon MATIC Crypto Price Analysis April 10, 2023
BINANCE:MATICUSDT
Polygon's MATIC managed to hold its ground as sellers attempted to push the price below the support line on April 9 and 10. This has resulted in buying at lower levels.
If the bulls succeed in propelling the price above the 20-day EMA ($1.11), the MATIC/USDT pair could surge to the resistance line of the symmetrical triangle. Breaking and closing above the triangle will suggest a potential rally to $1.30 as the bulls overpower the bears.
However, if the price turns down from the 20-day EMA and drops below the support line, it will indicate that the bears have taken control. In that case, the pair may retest the critical support level at the 200-day SMA ($0.99).
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Polygon's MATIC managed to hold its ground as sellers attempted to push the price below the support line on April 9 and 10. This has resulted in buying at lower levels.
If the bulls succeed in propelling the price above the 20-day EMA ($1.11), the MATIC/USDT pair could surge to the resistance line of the symmetrical triangle. Breaking and closing above the triangle will suggest a potential rally to $1.30 as the bulls overpower the bears.
However, if the price turns down from the 20-day EMA and drops below the support line, it will indicate that the bears have taken control. In that case, the pair may retest the critical support level at the 200-day SMA ($0.99).
Let me know what you think!
Follow me for more TA!
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