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MATICUSDT

MATIC - HOT ALT🔥, but Bearish SHORT TERM📉Hi Traders, Investors and Speculators of Charts📈 MATIC has been very profitable to us so far; watch my previous update HERE: If you've been following, you'll know I'm fundamentally bullish on MATIC. And it gets better than fundamentals - you could possible see a low entry point soon! Polygon is unique in that it's a blockchain platform designed to work with another blockchain platform. It improves Ethereum's scalability - which we all know if the biggest problem of ETH. ETH dApps can use Polygon's sidechains, thereby making it a functional and fundamentally great choice as an altcoin asset. One of the exciting things about Polygon is the partnerships it has established. Many big brands are working with Polygon to launch their NFT projects. Current partners include: ✅ Walt Disney ✅ Starbucks ✅ Meta Platforms ✅ Nike ✅ Mercedes ✅ Google ✅ Adidas ✅ Adobe ✅ Mastercard ✅ Reddit While it might not pump as hard as other altcoins, it's also far less likely to fail than smaller , newer cryptos with similar aims - and it still has plenty of room to grow. Its partnerships make it an interesting buy for those who are interested in a well diversified portfolio, containing assets with real-world use case and strong fundamentals. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 CryptoCheck BINANCE:MATICUSDT
COINBASE:MATICUSDShort
by CryptoCheck-
MATICUSDT to the Moon The analysis indicates that MATIC/USDT is poised for a significant bullish rally. On the daily timeframe, a crucial buying area is identified between $0.90 to $0.93. This range signifies a zone where substantial buying interest has historically emerged, potentially acting as a strong support level for the cryptocurrency. Additionally, on the 4-hour timeframe, a new fresh order block is noted between $0.95 to $0.97. This block is significant as it represents an area where substantial buying orders are likely to be present, reinforcing the bullish momentum. Two target prices have been set, suggesting potential profit-taking levels for traders. The total gain expected from these targets is projected to be 40%, indicating a considerable upside potential in the price of MATIC. Setting clear targets is essential for traders to capitalize on price movements effectively. Furthermore, risk management is emphasized as a crucial aspect of trading. Managing risk involves measures such as setting stop-loss orders to limit potential losses, controlling position sizes, and diversifying portfolios. By prioritizing risk management, traders aim to protect their capital and minimize potential downsides, ensuring long-term sustainability in trading endeavors. In summary, the analysis suggests a favorable setup for a bullish rally in MATIC/USDT, with identified buying areas and profit targets. However, traders are reminded to manage their risk diligently to navigate market uncertainties and safeguard their investments effectively.
MLong
by MOAZAM1133
Completion of 2-year consolidation Polygon MATIC price is near!The MATICUSDT price now is in the liquidity zone, where it will be decided whether it is a winner or a loser. In order to grow further, it is necessary to shake out "extra passengers" from long positions. In other words, a breakout of the Matic price below $0.73 should activate stop orders. In such a trading situation, keeping a pending limit order in the range of $0.60-0.63 might be a good idea. On the other hand, a similar trading pattern was already seen in the second half of 2022. Back then, "buyers" didn't let everyone who want to buy below the liquid zone, but pushed the MATICUSD price up from "the base" to update local highs. What will happen this time? Write your thoughts in the comments.
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by P_S_trade
7
LONG $MATIC: DAILY and a possible WXY formation ended/ingLONG BINANCE:MATICUSDT.P My take is that MATIC has been forming and may now have ended (else is close to ending) a complex triple three (3-3-3) WXY correction. Said correction is, as per Elliott Wave theory, comprised of a combinations of corrective patterns. I spot three ossible ABC´s within the WXY- Target area for Y wave has been hit at $0.7713 , and may still go a little further towards $0.6704, but needs not to as we have a full pattern. Said development would align with the expected ending of Bitcoin´s own correction which "could" finish some place between $37.800 and $35.460 (bearish view) or could have bottomed in this last swing low at $38.540 (I find it less likely but yet possible). In a word: LONG MATIC from here up until at least $0.9345 and then... we shall see ;).
MLong
by Ivanbole71
1
#MATIC/USDT#MATIC The price recently reached the first target of 0.8400, which is a moving average of 100 on a 3-day frame It achieved approximately 70% rise After the descending triangle and the downtrend were broken, which opened the way for the rise Supported by saturation on MACD It is expected that a slight correction will occur before the rise to the second target at 1.1400 continues Then the second target is 1.4446 This represents 300% since the downward trend was broken
MLong
by CryptoAnalystSignal
Cryptolean Chainlink MATIC Update Polygon MATIC declined sharply to $1.01, the key daily support. A bullish reversal from $1.01 is likely and will result in a bullish move to re-test $1.07 and the key daily resistance zone of $1.14-$1.20. A bearish break-out of $1.01 will push #MATIC price in the daily range zone and will increase probability of a deeper correction towards the next support at $0.89. Intraday Chart The MATICUSDT 4-Hour chart is bearish and teasing the resistance at $1.07. A bearish rejection of $1.07 will lead to $1.01 and lower to the key support zone of $0.86-$0.92, where I will be closely watching the MATIC price action, as the bullish rejection of this zone is possible. A bullish break-out of $1.07 will lead to a re-test of $1.13 and, possibly, $1.19, however the price action may be slow and choppy. Support once read! Thank you.
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by Trade-Lean
$MATIC Longer Term AnalysisHere is the next project in my long term buy list: MATIC. I will be adding more MATIC on the dips to my buy zones shown on the chart: 0.7234 and below. Here are some key facts about the MATIC coin and the Polygon ecosystem: High Scalability Solution: Polygon provides a scaling solution for Ethereum, one of the biggest challenges in the blockchain space. It enhances transaction speeds and reduces costs significantly, making blockchain technology more practical for everyday use. Ethereum Compatibility: Despite being a scalability solution, Polygon remains inherently compatible with Ethereum. This compatibility means that developers can easily port their existing Ethereum DApps onto Polygon without significant changes, benefiting from higher performance and lower costs. Robust Layer 2 Network: Polygon operates as a Layer 2 network, sitting atop the Ethereum blockchain. This layer provides additional structure to process transactions off the main Ethereum chain (Layer 1), ensuring faster and more efficient transaction processing. Support for Multiple Scaling Solutions: Polygon is not limited to a single scaling technique; it supports a variety of approaches like Plasma, zkRollups, and Optimistic Rollups. This versatility allows it to cater to different needs and use cases in the blockchain ecosystem. Growing Ecosystem of DApps: Polygon has a rapidly growing ecosystem of decentralized applications (DApps). This range includes everything from DeFi and NFT platforms to gaming and social applications, showcasing the network's versatility and developer-friendly nature. Decentralized Governance: Polygon employs a decentralized governance model, involving MATIC token holders in decision-making processes. This democratic approach ensures that the network evolves in alignment with the community's needs and interests. Energy Efficiency: Compared to traditional Proof of Work (PoW) networks, Polygon's Proof of Stake (PoS) consensus mechanism is more energy-efficient, addressing environmental concerns associated with blockchain technology. Global Adoption and Partnerships: Polygon has seen widespread adoption and has formed numerous partnerships across various industries. These collaborations span from DeFi to entertainment, indicating its broad appeal and utility. Strong Developer Support and Tools: Polygon offers robust support and tools for developers, including easy-to-use SDKs, APIs, and frameworks. This support fosters innovation and simplifies the development of blockchain-based applications. Commitment to Continuous Improvement: The Polygon team is committed to continuous improvement and innovation, actively working to introduce new features and enhancements that address the evolving needs of the blockchain community. MATIC and the Polygon network stand out for their innovative approach to blockchain scalability, compatibility with Ethereum, and a strong commitment to fostering a diverse and thriving ecosystem, making them pivotal players in the blockchain and cryptocurrency space.
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by CryptoBreakers
Matic Network💥Hello friends! Have you heard about Matic? 💻 Matic Network, now known as Polygon, is a layer 2 scaling solution for Ethereum that aims to address the scalability and usability issues of the Ethereum blockchain. It enables faster and cheaper transactions by leveraging sidechains, plasma frameworks, and the Proof of Stake (PoS) consensus mechanism. 💡 The Matic Network coin (MATIC) is the native cryptocurrency of the Matic Network. It is used for various purposes within the network, including paying for transaction fees, participating in staking, and securing the network through consensus mechanisms. 🧰 Overall, Matic Network aims to improve the scalability, security, and user experience of decentralized applications (dApps) and Ethereum-based projects by providing a scalable and efficient platform for building and deploying them. 💰 now, I see a good opportunity for mid-term investment! It may have a decent price increase! You can find entry and take-profit levels on the chart! Confess, which coins are currently in your portfolio? I would be happy to discuss a few of them, so write in the comments!📊 Thanks for Your attention🫶 Sincerely yours Kateryna💙💛
MLong
by RocketBomb
5
MATIC Long Opportunity 221%+ BreakoutCRYPTOCAP:MATIC is currently breaking out of a 3-year descending triangle pattern reversal, which is a bullish sign of continued upward movement. If the pattern is confirmed and plays out as expected, we can see a relatively swift 200%+ increase in Matic's price. 2.87 is my price target for this trade, which is just an under the ATH. However, I think this price target is low for Matic in the next 1-2 years. Although this pattern is looking to be confirmed, be careful with leverage and weigh your risk to reward carefully. Polygon Matic is one of the best and most popular L2 tokens used as a scaling solution for Ethereum and is liked by old and new crypto investors. It's a "safe" bet on this bull market and a blue chip. DYOR and bring home those gains!
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by altsandislands
9
⚡ MATIC Trade Setup ⚡📊 Analysis: Market Observation: Layer 2 coins, including MATIC, have shown notable performance recently. Current Situation: MATIC is trading near resistance without a proper breakout. Strategy: Plan for a long position upon a breakout above the upper resistance level. Entry Point: Enter a long spot position when the price breaks above the upper resistance level at $1.25. Take Profit: Target the next area of resistance between $1.50 - $1.60. Stop Loss: Set a stop loss just below the breakout level, at around $1.20, to manage risk. 🌐 Note: Monitor the breakout closely and ensure it's supported by sufficient volume and confirmation before entering the trade. Adjust your strategy based on market conditions and price action.
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by Richtv_official