MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERS
Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS.
CHART ANALYSIS:- Polygon (MATIC) which is currently the world’s tenth-largest cryptocurrency, fell for a fifth straight day.
MATIC/USDT plunged to a bottom at 0.866, less than a day after the token was trading near 0.90.
This latest decline in price has pushed Polygon to its lowest point since January 11, when it traded at 0.84.
Looking at the chart, this spell of sell-offs has sent the RSI below 30.00, which is deep in oversold territory.
The last time price strength tracked this low was back in July 2022, which may give bulls optimism that a reversal could be soon approaching.
MATIC is now trading at 0.8723, which is marginally higher than its earlier lows.
Hit the like button if you like it and share your charts in the comments section.
Thank you
CHART ANALYSIS:- Polygon (MATIC) which is currently the world’s tenth-largest cryptocurrency, fell for a fifth straight day.
MATIC/USDT plunged to a bottom at 0.866, less than a day after the token was trading near 0.90.
This latest decline in price has pushed Polygon to its lowest point since January 11, when it traded at 0.84.
Looking at the chart, this spell of sell-offs has sent the RSI below 30.00, which is deep in oversold territory.
The last time price strength tracked this low was back in July 2022, which may give bulls optimism that a reversal could be soon approaching.
MATIC is now trading at 0.8723, which is marginally higher than its earlier lows.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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.