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MATICUSDT trade ideas

Will dormant wallets trigger MATIC uptrend?The MATIC market opened this year with a green candlestick. On the first day of the year, it closed at $1.0171. Later, for a short period, the market weakened. But in late January, the buyers of the market took control of the market. They took the price as high as $1.2711 in mid-March. Post that, the market situation overturned in favour of the sellers of the market. Post a sharp decline, the market emerged a sideways trend. This month, on 16th, the buyers attempted to regain control of the market. They dominated the market for at least 9 consecutive days, taking the price from $0.4010 to $0.5716. For the last couple of days, the market saw consecutive red candlesticks, indicating the return of the selling pressure. It is important to see whether the mark of $0.4010 will act as a support or not. In a recent X post, Santiment revealed about a surge in activity on Polygoin, with dormant wallets. There are chances that this increased activity would influence the price of MATIC positively. Often, a spike in activity leads to either a price reversal. As conclusion, it is fair to say that something important is likely to happen in the MATIC market. The unexpected activation of dormant wallets can be seen as an early signal. Anyway, it is too early to make a market move based on what we know right now. It is better to wait until we see a clear signal in the chart.
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by paul_endeo
1
Matic analysisI'm trying to be realistic and at the moment I'm setting the minimum yellow res as the target. green/blue areas are smaller res, with a minimum direction in the yellow area. Whether it will reach the higher yellow res is impossible to say today. but analyzing step by step is always the solution when seeing the real truth and maybe it will lead us there. Why am I analyzing this today? more detailed explanations + smaller charts in more detail you will see it in the first updates. Basic information in updates that can lead us to the truth
MLong
by MoralDisciple
2
MATIC poised to reach 0.6000 in the next monthMATIC poised to reach 0.6000 in the next month During the last couple of weeks Matic accumulated between 0.3800 - 0.4300 After breaking out of this accumulation, we can see that the final shape was a bullish triangle pattern. MATIC is undervalued compared to other altcoins and this bullish pattern is important for price direction. We may see Matic make any corrections before growing further. The targets I set are mid-term targets because it has great potential. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
MLong
by KlejdiCuni
5
MATICUSDT in my bag, Expecting 80x from here!!Join our community and start your crypto journey today for: In-depth market analysis Accurate trade setups Early access to trending altcoins Life-changing profit potential Hello everyone, Let's analyse MATICUSDT both fundamentally and technically. FUNDAMENTAL ANALYSIS: Polygon is a platform designed to enhance Ethereum's capabilities by offering scalability and infrastructure solutions. It provides a flexible framework for developers to create various types of blockchain applications, including optimistic rollups, ZK rollups, and standalone chains. Essentially, Polygon transforms Ethereum into a multi-chain network, similar to platforms like Polkadot, Cosmos, and Avalanche. This multi-chain system leverages Ethereum's security, robust ecosystem, and open nature. TECHNICAL ANALYSIS: MATIC has demonstrated significant growth potential. After a remarkable 11,889% surge following a breakout from a bullish pennant, MATIC is currently forming another similar pattern. Key Technical Indicators: Bullish Pennant: The formation of a bullish pennant suggests a potential continuation of the uptrend. Demand Zone: MATIC has recently retested a key demand zone that was previously tested in June 2022. Long-Tailed Bar: The formation of a long-tailed bar on the weekly timeframe indicates price rejection at a support level, which could be bullish. Support Zone: A strong support zone exists between $0.3151 and $0.3768, marked by a green channel below the pennant. MACD: A bullish crossover is expected on the MACD, indicating a potential uptrend. RSI: A bullish crossover is already seen. Based on these technical indicators, MATIC has a strong potential to reach $43 in the peak of Bull run. Current Support Levels: $0.3151 to $0.3768 Target Levels (Short term): $0.94 $1.24 $2.46 If you find this analysis helpful, please hit the like button to support my content! Share your thoughts in the comments and feel free to request any specific chart analysis you’d like to see. Happy Trading!!
MLong
by persis10t
10
MATICUSDT - The Perfect Breakout MATICUSDT is trading at key areas, previously starting on 8th August it was trading in a range, which as you may know is a BAD time to enter, we need big volume candles either sell or short side, causing a definitive move. WE DO NOT ENTER RANGES UNTIL BREAKOUT. Here we can see that MATICUSDT was trading at a range of 0.43 - 0.39 for approximately 12 days. Then the magic happened, it finally had it's breakout. Notice how the candles on the breakout were huge VOLUME CANDLES, that is exactly what we are looking for to enter trades. This is a fantastic trade to learn from, take your time, the trade will come!
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by I3ig_Trades
Polygon (MATIC) grows amidst new token introduction. What's nextPolygon (MATIC) has been among the top five outliers on the daily and weekly price charts. Since last Friday, MATIC has risen by nearly 20%, while the rest of the market has remained sideways. That’s not all though as in what is now a new update, Polygon will change its native token from ‘MATIC’ to ‘POL’ on 4 September. The exchange ratio will be 1:1 for MATIC to POL. According to the Polygon team, the transition aims to make POL the gas and staking token for the ecosystem. It could be expanded to cater to Polygon’s aggregation platform (AggLayer). On the daily chart, MATIC was bullish as it mounted above the $0.42-level. Since 16 August (last Friday), MATIC has embarked on an extended recovery that netted almost 20% gains, at the time of writing. This reversed most of its August losses. MATIC was trading at $0.47, at press time, and had to clear two key resistance levels to hit the supply area at $0.55. The immediate hurdles were at $0.49 and $0.51. Given the massive buying pressure shown by the RSI (Relative Strength Index) cruising above its average level, these targets could be hit. At the same time, the Stochastic RSI was overheated as it was in the overbought territory. Hence, a cool-off couldn’t be overruled for MATIC’s rally. Also, the $0.46 and $0.42 levels were key short-term supports to consider if the rally cooled off. So, MATIC’s extended recovery could face headwinds at $0.51 or $0.55, key resistance levels which could attract sell pressure.
MLong
by paul_endeo
Lingrid | MATICUSDT tested June 2022 HISTORICAL Support LEVELBINANCE:MATICUSDT has reached the demand zone that was last tested in June 2022. The market formed a long-tailed bar on the weekly timeframe, indicating level rejection and a potential bullish move. Additionally, it broke and closed above the accumulation zone, which is another positive sign. I believe the market may rise to retest the resistance if the price remains above the 0.400 level. I expect it to break through the channel and continue its bullish trajectory. Keep an eye on the closure for August, as the price action on the monthly chart is creating another significant long-tailed bar. My goal is the resistance at 0.500 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
MLong
by Lingrid
2
Polygon (MATIC) 778 Days Higher Low, Prepares For 1,500% BullishGood morning my fellow traders, and this is a good morning based on this amazing chart/opportunity that I am seeing right now. Polygon (MATICUSDT) is in the process of confirming a long-term higher low. This higher low has been in the making for more than two years; two years and two months to be exact. This is a major bullish signal. This type of action/development can lead to massive bullish action. We will therefore look at short-term vs long-term targets for this pair... Follow me! Let's start with the short-term. 👉 MATICUSDT can move up and hit within months a target of 300%. Mid-term, it can reach 840% easy. Now, let's consider the long-term potential. 👉 MATICUSDT can move to hit $7.64 as a new All-Time High in 2025 or higher. Considering its current trading price, this would be equal to a ~1,500% growth potential. Amazing numbers. With 2-3X lev., we can get to 3,000-4,500%. This is just one of countless opportunities the cryptocurrency market has to offer. Get ready. Buy and hold safe. We will have massive fun, and profits, and growth next year and in the years to come —Cryptocurrency is here to stay. Learn, study, plan now... Focus on the long-term. Success is yours. You are good, you are wise, you can do this; be strong. Namaste.
MLong
by AlanSantana
1