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MATICUSDT

MATIC/USDT Chart ReviewI invite you to review the MATIC chart 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 very strong support is at the price of $0.59, but when the price drops below, we can see a drop to the support of $0.31. Looking the other way, we see that the price has rebounded from the first significant resistance at $ 0.90, which so far has no strength to break. then second resistance is at $1.03, then we have another resistance zone from $1.16 to $1.34, then strong resistance at $1.56. When we turn on the EMA Cross 200, we see that the price rebounded from this line and thus remained in a strong downtrend. Please look at the CHOP index, which indicates that there is still energy for this move, the RSI has a strong rebound with room for the price to go lower, while the STOCH indicator also indicates that there is some energy left for the next move.
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by cryptodailyuk
What's Next Possible Move of MATIC/USDT? Polygon Analysis💎Attention, Paradisers! Turn your focus to MATIC, as it's gearing up for potential movements, offering a few captivating possibilities. 💎MATIC faced resistance at the OB a few days ago, sparking an upward trend. Yet, with a hint of slowing momentum, it's projected to re-engage with the OB. Should it falter at this juncture, anticipate a bullish continuation from a key support point. 💎Delving into its trajectory, we've noticed a shift from demand to supply, resulting in a pronounced dip. 💎After capturing liquidity from below, MATIC seems primed to climb, targeting the overhead imbalance. 💎Keep a close watch for further insights and relish your trading adventure.
MLong
by MyCryptoParadise_Nathan
MATIC. Glitch in the Matrix.The situation is rather strange and uncertain. Two patterns formation signals more for a downward movement, but! There is no on-chain prerequisite for this... A fall to $0.11 = drop capitalization in six times - I don't believe in it. The ecosystem is developing, the whales are still profiting from their bags using DeFi, so... Also, there is no premise for a 500% increase since this is not a bullish cycle, but a thaw. In addition, achieving this target involves breaking through ATH. Unlikely. Given all this, I will assume that the asset will have an ongoing sideways trend and we will not see tangible movements in either direction. But keep in mind that things can change.
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by Tropnik
Polygon Matic price will try to work out a medium-term tradeMatic buyers are not giving up and are trying to break through the local trend and strong liquidity zone from above. We assume that there will be more attempts to push the price up, so this medium-term trade has the right to live: Entry = $0.636 Stop = $0.5582 (-12%) Take Profit = $0.9595 (+50%) Potential profit/loss ratio = 12/1 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
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by P_S_trade
34
1HR: $MATIC; Bloody MondayWell OOF. Bears still have the bulls by the balls, as buyers displayed some false confidence and got rekt big time. Shows you how vital this inflection point and how weak and underwhelming the buyers are. So many good looking charts, however it is still a ghost town in crypto land. Remember, don’t give up and remain resilient during fast, swift drops that make you second guess your investment. Don’t let the market makers dance you like a puppet and control your emotions. Chill out, relax and go outside to get some fresh air. Don’t let split second emotions, ruin your portfolio. The strong shall stand, while the weak fall by the wayside.
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by BShellhammer
SasanSeifi 💁‍♂️MATIC 👉3D 🔻🤔Hey there, In the long-term timeframe, as you can see, the price has been accompanied by a positive fluctuation of approximately 25% from the demand zone at 0.60. Currently, the potential scenario to consider is as follows: after gathering liquidity from the price range of 0.65 or possibly from the supply area (once confirmed and adjusted further), the price could move towards the price range of 0.50/0.42/0.40.💹 🔱To better understand the continuation of the price movement, it's important to observe how the price reacts to the resistance levels at 0.75/0.85. The price's response to these resistance levels will provide valuable insights. However, if the price manages to break above the significant resistance level of 0.85 and consolidates, there is a possibility of further growth. The potential trends in the image above have also been indicated.❗ Just keep these scenarios in mind as you analyze the market. Remember, things can always change unexpectedly, so stay flexible in your trading approach.❗ Wishing you loads of success in your trading adventures, my friend!✌ ❎ (DYOR)...⚠️⚜️ Sure, if you have any more questions or need further clarification, feel free to ask. I'm here to help! And if you found my analysis helpful, I would appreciate it if you could show your support by liking and commenting. Thank you!🙌
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by SasanSeifi
MATIC/USDT Update 4HInterval ReviewHello everyone, I invite you to review the MATIC chart in pair to USDT. First of all, we will use the orange line to mark the downtrend line from which the price went up, while currently we see that the price has fallen below the yellow uptrend line. Moving on, we can move on to marking support areas when we start a larger correction. And here we will first mark the support zone with the price from $0.69 to $0.65, then we have support at $0.58, and then another strong support at $0.50. Looking the other way, we see that the price bounces from the beginning of the $0.73 resistance zone to $0.79, only when it breaks above this zone will it go towards the resistance at $0.87 and then towards the strong resistance at $0.97. Please look at the CHOP index, which indicates that there is still some energy to continue the move, the RSI shows that we are in the process of rebounding and we still haven't touched the lower limit which may give the price a further rebound, while the STOCH indicator also shows that we are in a downtrend .
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by cryptodailyuk
MATIC/USDT upward move !!👀 🚀Matic Today Analysis💎 Matic is gearing up for an intriguing shift, currently trading in a demand zone and hinting at a bullish surge. 💎 In the past, we've noticed Matic skillfully mitigating the bearish Order Block (OB), setting the stage for a bullish move to reach another OB. After tapping into the liquidity once, it resulted in a downward shift 💎 The bearish OB has been tapped, and it's highly likely that the price will revisit this level due to the remaining liquidity. 💎 The VRVP is showing a significant volume, indicating volatility and a potential upward move is on the horizon 💎 In the dynamic world of crypto, staying informed and adaptable is key. Stay tuned for more updates and enjoy your trading journey
MLong
by MyCryptoParadise_Simon
2
MATICBTC 1DSupports for MATIC/BTC are at 0.00002231 and 0.00001913. These are the levels at which there has been a significant amount of buying in the past, providing a kind of "safety net" for the price. Resistances are situated at 0.00002867 and 0.00003003. These are the levels at which sellers have historically entered the market and prevented price appreciation. An important additional observation is the breakout of the bearish channel. This is often seen as a bullish signal, indicating that the downtrend may be over and a new uptrend may be starting. Fundamental Analysis of the MATIC/BTC pair: Polygon (MATIC) is a Layer 2 solution for Ethereum that aims to improve its scalability and speed. It has seen rapid growth and adoption because of Ethereum's gas fee and transaction speed issues. MATIC offers a solution to these problems and has a growing list of projects choosing to build on it, which adds to its strong foundation. However, its valuation against Bitcoin will depend on the market's perception of its technological progress and the general demand for scalability solutions. In conclusion, technical analysis suggests bullish potential due to the breakout of the bearish channel, although the RSI suggests that the market may be overbought. MATIC's fundamentals are solid, with many projects choosing to build on top of Polygon, indicating that it could be a good option for long-term holding. However, it is important to conduct your own research and consult a financial professional before making any investment decisions.
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by ferulianov