MATIC Set for Major Price Move as Whale Activity SpikesAfter an impressive run in November 2023, the price of MATIC, the native token of the Polygon PoS chain, has been largely muted, hovering just below the psychological resistance level of $0.80. But the asset’s recent lackluster price movement might be at an end. Amid the doldrums, recent whale activity suggests that MATIC might be ready to make its move.
Can MATIC make another dash at $1, or are new lows in store?
MATICUSDT trade ideas
Is a double top forming on MATIC?I want to draw your attention to the fact that a technical analysis pattern called a double top is forming on the MATIC chart.
In case the local neckline, which is at a strong Fibonacci level of 0.618, is broken, we can expect the price to drop to around $0.56.
I believe it may be a good idea to place buy orders for the asset in the zone of $0.58-$0.60.
Please note that this is not financial advice, and any actions you take are at your own risk!
WILL MATIC EXPLODE FROM HERE?So I just entered MATIC/USDT at 0.7789 with a 3x leverage. I base my trade off the weekly chart. It has bounced from an key area and did a trendline break. The move looks pretty weak right now, but I winder if it will follow the rest of the market? Then we might see it explode! I am trading cautiously though. DYR.
Matic: Update- Possible Support Near 0.7300Matic: Update- Possible Support Near 0.7300
Matic reached the bottom of the pattern as expected from the previous analysis.
A strong support zone is found near 0.7300.
From this area, we may see Matic rising further.
You may find more details also on the previous video that I prepared for you on December 12.
Thank you and Good Luck!
Previous video analysis:
MATIC Intelligent AssetBullish
Breakout of 50 ema at 0.785
May lead to the next resistance at 0.825 to 800 ema
Next resistance at 0.94
Bearish
Support at 0.755, breaking it could lead to 0.736 support at 200 ema.
Next support at 0.61
M pattern with a technical target at 0.508 area
🔥 MATIC: Preparing For A Bearish MoveMATIC has yet again rejected from the main bearish resistance that has been plaguing the bulls for years. I'm not sure if we will go all the way down, but in case we do, I want to be prepared.
I'm eyeballing the bottom support as a major area of buying, therefore I'm going to be patient until this area has been reached. Bears can play, but bulls will in the end win.
With a stop below the October lows and a target at the all-time high we can construct a highly profitable trade. Patience.
MATIC/UDT LONGA potential long set up here.
1 hidden bullish divergence, with both jewlite rsi pointing upwards giving a signal that a short term long are building up. Stop loss very close giving us a reward ratio at 10.5
with tp at:
TP1: 0.7994
TP2: 0.8131
TP3: 0.8311
TP4: 0.8498
5-10x leverage (dont use more than 5-10% of portfolio for a trade like this, but since the stop loss are so close and reward so high, i look at this as a fully worthy trade to take with a loss so small if we are stopped out.
MATIC ready for correction - where to buyhi traders.
Many people are very bullish on altcoins now and so we are , however there are some altcoins which are going to underperform the market and MATIC may be one of them.
MATIC shows a lot of weakness versus Bitcoin. It's actually at the very key level which was tested many times, but we know the rule... support tested more times is likely to fail.
2 scenarios for MATICUSDT are shown on the chart.
MATICBTC can drop 28 %
Conclusion: for a time being, we would not buy MATIC as it doesn't show strength vs BTC.
where to buy MATICUSDT:
0.50 $ to play a bounce
0.32 -0.35 $ for a swing trade
MATIC BULLS CONTROL AGAIN!Hello Traders and everyone, I am Hadi Karaali, Known as SNIPERS_FX
If you like the idea, do not forget to support with a like and follow.
MATIC BULLS TO TAKE OVER AGAIN!
As we can see price is retesting our previous major high broken upward, where we will be looking for new longs from a shorter-term perspective.
Meanwhile, price is trading inside this falling broadening wedge pattern, Moreover, for the bulls to take over on H1 time frame, we need a break above the last major high,
Then a movement higher would be expected.
And until that happens price can still trade lower till the lower support zone, where we will be looking for new longs as well.
If you like this kind of analysis don't forget to like and follow
and as usual follow your trading plan and manage your risk.
Be patient and good luck!
MATIC: Sign of Strength Projected Peak Between 2.16 and 2.23Hi Everyone! I know this sounds crazy. I'm simply applying my methods to the charts and refuse to do it differently until proven otherwise. Yes, you read correctly! I'm projecting our Sign of Strength event in Phase D to reach its peak at a range between $2.1614 and $2.2329 according to my 1.618 Fibonacci Extension Range. This would be followed up by a Back-Up/Last Point of Support Period in Phase D; potentially lasting a couple of months.
Happy Trading and Stay Awesome!
David
✴️ Polygon Goes BearishThere is no need to speculate here as the move that I am about to describe is already happening.
Polygon (MATICUSDT) is dropping below EMA10 on a Sunday (bad news).
Monday can start as full red.
➖ Trading volume stopped completely after the 14-November high.
➖ Even worse, the peak that followed mid-December is a lower high.
➖ The RSI is bearish...
👉 Prepare for the drop!
The main two levels are mapped on the chart but it can go lower... It doesn't make much difference. After the correction Polygon will resume growing and do great in the second part of 2024.
This is a normal correction that we have been expecting, 2024 will be a great year overall but there is some pain to go through at the beginning, in the latter parts it will be great.
👉 Prepare before hand.
With tends of thousands of Altcoins and trading pairs, there will be many, many, many growing while the big ones retrace. Each chart/pair needs to be looked at individually, we cannot generalize in this market phase.
Thank you for reading.
You can show support with your follow, comments and boost.
Namaste.
New Bull Rally Is About To Start👉 The Price Sitting Above The Important Trend Line And Currently There Is a Strong PRZ Formed At The 0.81$ Area ,I Expect a Bounce From Here And Breakout a Trend Line In Near Future ,New Bull Rally Is About To Start
🎯 Targets Are 0.92$ And 1.02$
#Matic Wait For ConfirmIn case of breaking the 88 cents range, which a high-pressure candle wants to buy, you can enter a buy transaction in pullback. Considering that in the 4-hour period, it is placed in a corner of density, this failure from above can continue up to the specified supply area and the specified areas can continue.
MATICUSDTI have taken a Short position on MATIC, and this is my own idea. This trade is executed on Bybit.
MATIC to finish forming Re-accumulation PatternMATIC and most coins are currently been going sideways including BTC.
I am noticing a huge re-accumulation pattern is currently playing out.
If it plays out in the next 4-6weeks - we are going for a HUGE breakout.
During these times without movement or sideways, a lot will get shaken out of positions or loose interests while they accumulating.
Let's see if it play outs :D lol
#MATICUSDT 4HBINANCE:MATICUSDT 4H
#MATIC looks like it has got all the necessary SUPPORT at the moment.
The 100 SMA is just below the current price acting as a strong support for the BULLS. And #MATIC also tested 0.8130 & 0.8223 forming new Higher Low !
Short signal for Maticplease take a look at MATIC token, i guess it will be a small correction before start goes up.
MATIC Last updateMatic now is around 88 we will see it soon at 86 first target 85 second target PLEASE Sell. PS any goes up is an opportunity to sell more
Matic and BTC getting bullish!? Hello everyone,
Today we are talking about BTC and MATIC and the huge potential cryptocurrencies still got.
Please note all the %s given in the video are simply base on assumption and could not be accurate.
Please do not use this video to invest your finances in hope for future profit.
Polygon Portal Live as New Era Beckons for EcosystemEthereum-based layer-2 scaling solution Polygon (MATIC) has scrapped its proprietary Wallet Suite in favor of its newly launched Polygon Portal.
New era ushered in
With the Polygon Portal, the protocol says users and developers can now gain proper access to most of the solutions associated with the Polygon Chain. Through the Polygon Portal, users can now explore comprehensive dashboards for Polygon PoS, Polygon zkEVM and Ethereum.
Among the benefits of the new portal include Unified UX for bridging, Third-Party Bridges, the ability to refuel gas and access to explore developer tools. The Polygon Portal also comes with comprehensive documentation, and users will have access to support and the ability to provide feedback.
Polygon is constantly evolving, and this evolution is showcased in its ability to revamp its solutions such that they are typically more usable by both developers and users alike.
The advancement in its design accounts for why the protocol is the top destination for many enterprises and organizations entering the Web3 ecosystem. The soccer world-governing body FIFA just moved its non-fungible token (NFT) collections from the Algorand blockchain to Polygon.
This complements related moves by other firms like Starbucks and Flipkart with active loyalty programs hosted on Polygon.
MATIC price in mix
The broad-based improvement in the Polygon ecosystem has an underlying, though indirect, impact on price. At the time of writing, Polygon has jumped by 2.67% to $0.8646, extending its weekly gains to 8.16%, according to data from CoinMarketCap.
With the launch of the Polygon Portal a show of consideration for developers, we may see more of an influx of innovators into the ecosystem, with new dApps introduced that can drive demand for MATIC.
Alongside the POL rebranding that is underway, the upside for the protocol’s native token in the long run is enormous.
Matic: Possible Support Near 0.7300Matic: Possible Support Near 0.7300
Matic is about to move down for a correction during these days.
if this is going to happen a possible strong support zone is found near 0.7300.
From that area, we may see Matic rising further.
You may find more details in the video!
Thank you and Good Luck!
