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Matic

From Current Levels to $15: MATIC's Journey in the Next Bull RunMATIC/USDT Bull Market Analysis: A Comprehensive Review Current Market Overview: At the time of writing, the MATIC token is trading at $0.79, marking an impressive 154% increase from the recent bear market bottom. This significant upward movement indicates a potential shift in market sentiment. Bullish Pennant Formation: A closer examination of the MATIC/USDT pair on the high time frame weekly chart reveals the formation of a bullish pennant pattern. This pattern typically signifies a continuation of the previous upward trend. However, the most critical factor to consider is the breakout point. Anticipated Price Movements: Based on the chart analysis and current market trends, it is anticipated that MATIC may experience further upward movement towards the $1 level before encountering strong resistance. The $1 level is a significant supply zone, and a rejection from this level is expected. Potential Retracement: Following the rejection from the supply zone, it is likely that MATIC will retrace towards the demand zone, which is expected to be a strong accumulation area for investors. The demand zone is estimated to be between $0.25 and $0.38. Breakout Analysis: A crucial aspect to watch for is the breakout of the cluster around the $1.07 level. If MATIC successfully breaks out from this level, it could initiate a substantial upward rally, potentially invalidating the lower price targets discussed earlier. Supply Zone and Future Bullish Scenario: The red box on the chart represents a strong supply zone. If the price manages to break above this level, the previously mentioned lower price targets may become irrelevant. Instead, a highly bullish scenario could unfold, potentially propelling MATIC to new all-time highs. Future Price Target: In a bullish market scenario, with the successful breakout of resistance levels, the MATIC/USDT pair could potentially reach price targets ranging from $12 to $15. However, it is crucial to exercise caution and wait for confirmations before making trading decisions. Disclaimer: This analysis does not constitute financial advice. Always conduct your own research and consult with a professional before making investment decisions. Follow us for More Crypto Analysis. Thank you.
MLong
by CryptoPatel
8
MATIC – Two Entry Points• Yesterday’s long trade on MATIC was a huge success. However, we may be on the verge of an altseson. Consequently, I THINK MATIC still has a more fuel in the tank. • I have two possible long entries for MATIC. The first is based on an hourly demand zone and the second is based on a daily supply zone. Trade Idea No. 1: • Entry: 0.764 USDT. • SL: 0.755 USDT. • Target: 0.95 USDT. • R: R: 1:18 Trade Idea No. 2: • Entry: 0.7404 USDT. • SL: 0.71 USDT. • Target: 0.95 • R: R: 1:6.88
MLong
by NewThoughtCrypto
MATICUSDTHave a good time everyone, we are here with another analysis, this time #Metik (Paligan) with a 50% growth probability 😍 . In the time frame of four hours, the entry point, stop loss and maximum target are specified. This is a suitable position for the spot where the loss is slightly lower than the range indicated by the purple color. And the way of movement and temporary corrections are indicated in yellow color. And you'll also see this category above the trend with support in shapes that are increasing in volume. Be successful and profitable
MLong
by currenceland
Matic/Usdt 1D ReviewHello everyone, I invite you to review SOL in pair to USDT, on a one-day interval. First, we will use the blue lines to mark the downtrend channel where the price is moving in the upper range. Moving on, we can move on to marking support areas when we start a larger correction. And here, the first support is at $22.38, the second support is at $19.68, the third support is at $17.44, and then we have a strong support zone from $15.20 to $12. Looking the other way, we see that the price has reached an important resistance zone from $ 27.14 to $ 32.34, which so far has no strength to break. However, if it manages to exit the descending channel upwards and break through the resistance zone, the next resistance will appear at the price of $38.89. Please look at the CHOP index, which indicates that we have a lot of energy for the upcoming move, MACD indicates that we are in a downtrend, while the RSI has a rebound and we are moving at the downtrend line, which may indicate a larger correction.
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by cryptodailyuk
MATIC Polygon and the Altcoin Season ThesisIf you haven`t sold MATIC here: Then the recent developments in the cryptocurrency market, particularly the favorable court ruling for Ripple Labs, signal an optimistic start to a new altcoin season. With the federal judge ruling that some of Ripple's sales of the XRP token do not fully meet the definition of a securities offering, it instills confidence in the altcoin space. This ruling brings clarity to the regulatory landscape and alleviates concerns surrounding XRP, leading to major cryptocurrency exchanges, including Coinbase, relisting the token. The reintroduction of XRP to these platforms demonstrates growing acceptance and renewed interest in this altcoin. The anticipation surrounding the approval of a spot bitcoin ETF in the United States adds to the positive sentiment in the market. The successful launch of a previously approved ETF in Europe further reinforces the upward trend for altcoins. The recent court ruling that declared XRP as not a security sets a precedent that could potentially benefit other cryptocurrencies currently classified as securities by the SEC. In the SEC's case against Binance, they designated 10 cryptocurrencies, including BNB, BUSD, SOL, ADA, MATIC, ATOM, SAND, MANA, AXS, and COTI, as securities. Additionally, in the SEC's lawsuit against Coinbase, they named 13 cryptocurrencies, reinforcing their stance on SOL, ADA, MATIC, SAND, and AXS, and adding CHZ, FLOW, ICP, NEAR, VGX, and NEXO to the list. This development showcases the increasing institutional acceptance of cryptocurrencies and creates a ripple effect across the market, providing a boost for various altcoins, including MATIC Polygon, for which my price target is $0.95. Looking forward to read your opinion about it!
MLong
by TopgOptions
MATIC, XRP ☁️;BTC, BNB, ADA ☀️?The sun keeps shining ☀️ on the global cryptosphere, promising a slightly bullish market with upside potential in the next 24 hours. However, Ripple’s XRP and Polygon’s Matic encounter some clouds ☁️, signaling a potential downside trend. Looking ahead over the next week, the forecast is mixed with cloudy weather ☁️ for altcoins like Ether, Litecoin, XRP, and Matic. On the other hand, Bitcoin, Binance, and Cardano enjoy sunnier trading conditions ☀️, suggesting a continued upside potential. Follow us for more crypto weather insights!
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by ATTMO
🔥 MATIC Potential Bear Flag Forming: 2 In 1 Signal!After weeks of selling, MATIC seems to have found support and has been trading inside a bullish channel for over a month now. A bullish channel after a strong sell-off often results in a bear flag pattern, which is a continuation of the bearish trend. Looking at this chart, we can construct two different signals. The safest trade would be to wait for the price to fall through the channel's support and enter once the price has closed below it. A more risky trade would be to enter from the to resistance, around the current area. Bot trades have the same target: the current bear market bottom around 0.32. The potential win of the risky trade is much higher because of the tighter stop and the further profit target.
MShort
by FieryTrading
8
Poised to Surpass Ethereum's Market Cap by 2025Matic Polygon, a rising star in the world of blockchain technology, is set to make waves in the coming years. With its innovative approach to scaling and a growing ecosystem of decentralized applications (dApps), Matic Polygon is positioned to outshine Ethereum and surpass its market capitalization by 2025. The Potential of Matic Polygon: Matic Polygon, built on the Ethereum network, addresses one of the key challenges faced by Ethereum: scalability. By implementing a Layer 2 scaling solution, Matic Polygon significantly improves transaction speeds and reduces fees, making it an attractive choice for developers and users alike. This scalability advantage positions Matic Polygon as a formidable contender in the blockchain space. Expanding Ecosystem and dApps: Matic Polygon's success is further bolstered by its thriving ecosystem. Developers are increasingly adopting Matic Polygon due to its seamless integration with Ethereum, enabling them to leverage the benefits of both platforms. As a result, an ever-growing number of innovative dApps are being built on Matic Polygon, attracting users from various industries and driving up demand for MATIC tokens. Market Capitalization Potential: The soaring popularity of Matic Polygon, coupled with its scalability advantages, is expected to propel its market capitalization to new heights. Ethereum's market dominance has long been undisputed, but the emergence of Matic Polygon presents a formidable challenge. Industry experts predict that by 2025, Matic Polygon will eclipse Ethereum's market cap, driven by its strong ecosystem, growing adoption, and efficient scaling solution. Investment Opportunities: Investors seeking promising blockchain projects with high growth potential are turning their attention to Matic Polygon. With its rapidly expanding user base, strong developer community, and supportive infrastructure, Matic Polygon offers a compelling investment opportunity. Its projected ascent in market capitalization presents a chance for early investors to reap significant rewards. Conclusion: Matic Polygon's innovative approach to scalability, expanding ecosystem, and projected market cap growth make it a force to be reckoned with in the blockchain industry. By leveraging its Layer 2 scaling solution and capturing the interest of developers and users worldwide, Matic Polygon is on track to surpass Ethereum's market capitalization by 2025. As the cryptocurrency market evolves, Matic Polygon presents an enticing investment opportunity for those looking to ride the wave of its success.
MLong
by SophiaAnderson
1
MATIC - Don’t Buy the Breakout, Buy the RetestTLDR: • MATIC is close to breaking out of the Range High. • To trade long I need to see the following: o Break out of the range. o Move up to deplete the supply zone. o Range high flipped to support. • Only after these two conditions are met will it be a high-confidence long trade. Background: • MATIC is in a similar situation to many other altcoins. The MATIC situation is as follows: 1. Sharp drop. 2. Selling Climax. 3. Automatic Rally. 4. consolidation in a Range. • Assuming that the correction is over, this could be an amazing opportunity to buy low and sell high. However, there’s a worm inside the apple that we need to avoid. • MATIC has a supply zone just above the range high. Meaning that a break above the range high will, most likely, fail at the first attempt. Here are a few examples: • DYDX Weekly TF: • XRP Daily TF: • BNB Daily TF: So, what do we do? • Simple, Patience. Don’t buy the breakout, buy the retest. If you miss out, there are other trades. Nonetheless, it is most probable that all you will miss is the stress and heartache of being in the red. Trading Plan: • This is a generic trading plan. It is applicable not just to MATIC but to any other asset that is consolidating in a range. I intend to use this tactic for ADA, FTM and BNB as well as MATIC. 1. Break above the range High 2. wait for the supply zone depletion 3. Wait for range high retest as support. 4. Wait for green dots on the TTM Squeeze indicator. 5. Go long. Trade Idea: • Entry: 0.715 • SL: Below last Low before the breakout app. 0.65 • Target: 1.568 • R: R: 1:12 • TP: 0.95, 1.18, 1.568 NFA What do you think? Please share in the comments. Best wishes.
MLong
by NewThoughtCrypto
A rise above 0.7778 is expected for a change in trendHello? Traders, welcome. If you "Follow", you can always get new information quickly. Please also click "Boost". Have a good day. ------------------------------------- (MATICUSDT chart) The HA-Low indicator on the 1W chart is about to form at the 0.7192 point. Accordingly, when the HA-Low indicator on the 1W chart is created at the 0.7192 point, the key is whether it can be supported and rise around 0.7192. However, since the 1M chart's HA-Low indicator was not created, you need to check whether the 1M chart's HA-Low indicator is created or supported around 0.7778. If it doesn't, it's because it's likely to stay on the downtrend. Therefore, it is necessary to check whether it is supported and rises in the 0.7192-0.7778 section. If not, you should check if you can get support in the 0.6348-0.7192 interval. As it maintains an uptrend while breaking through the HA-Low indicator on the 1D chart upwards. 1st: 0.7778 2nd: 0.08647-0.9059 Split selling is possible when resistance is received near the 1st and 2nd above. The next period of volatility is around July 13th. The CCI indicator is entering the oversold zone. Therefore, when exiting an oversold zone, you need to check which point or zone is supported or resisted. -------------------------------------------------- ------------------------------------------- ** All descriptions are for reference only and do not guarantee profit or loss in investment. ** Even if you know other people's know-how, it takes a considerable period of time to make it your own. ** This is a chart created with my know-how. ---------------------------------
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by readCrypto
1