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MATICUSDT trade ideas

MATIC/USDT 4HInterval Chart Hello everyone, I invite you to review the MATIC chart also at a four-hour interval. As we can see, the price has overcome a strong downward trend line, and is currently moving in an upward trend, staying on the trend line. In this situation, we will start by checking the resistance levels and here we can notice that the price has been rejected from the resistance level of $0.97, only when it is overcome will we have an open path towards the resistance zone from $1.08 to $1.16, which should lock the price against a larger increase. Looking the other way, we can similarly determine support areas and here we can see that the price remains in the first support zone from $0.83 to $0.78, while when this zone is broken, we can see the price return to the second zone from $0.67 to $0.58. The CHOP index indicates that there is still energy for further moves, the RSI indicator remains in a downward trend with room for the price to go lower, also when we look at the STOCH indicator we can see a strong rebound with room for the price to go slightly lower.
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by cryptodailyuk
a quick review of maticusdtfirst and foremost it is necessary to talk about the current situation of the market. we witnessed a huge fluctuating price in the last 1 week however it is obvious that the mark decided to go for the downward trend. additionally, matic has engulfed a very important support area there will always be a reaction toward an enormous support of the market that may have resulted in a short-term upward trend. eventually, because of the massive fall of the matic, there is probably more seller pressure between 0.9874 $ - and 0.7870 $ so I prefer to get prepared for a sell position this month.
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by seyyedin
MATIC/USDT Poised for an Upward Trajectory? 👀 🚀 MATIC 💎 Paradisers, it's time to focus on MATICUSDT as it exhibits a promising shift, breaching the supply threshold with a bullish trend in sight. 💎 MATIC has been consistently overcoming a descending trendline, propelling upwards. Currently, it's navigating past the supply level at .7007, hinting at a heightened likelihood of a bullish trajectory as the supply zone transforms into a stronghold of demand, bolstering the bullish sentiment. 💎 Should POLYGON falter in its ascent, we foresee a potential bullish resurgence from the demand zone at .5998. However, a dip below this zone could signal a bearish downturn.
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by MyCryptoParadise
Matic polygon, Get up nowPolygon (formerly known as Matic) is a Layer 2 scaling solution for Ethereum, designed to improve its scalability and reduce transaction fees. The Polygon network has its native cryptocurrency called MATIC. MATIC tokens play a crucial role within the Polygon ecosystem. They serve multiple functions, including: Transaction Fees: MATIC is used to pay for transaction fees on the Polygon network. This is significantly cheaper than using Ether (ETH) on the Ethereum mainnet, making it more accessible for users. Staking and Governance: MATIC holders can participate in the network's Proof-of-Stake (PoS) consensus mechanism by staking their tokens. In return, they can earn rewards and participate in governance decisions that affect the network's future development. Security: MATIC tokens are used to secure the network by staking. Stakers are incentivized to behave honestly, as they have a stake in the network's success. DeFi and DApps: MATIC tokens are widely used within the Polygon ecosystem for various decentralized applications (DApps) and DeFi protocols. Users can use MATIC to interact with these applications, trade on decentralized exchanges, and more. Overall, MATIC plays a pivotal role in making the Polygon network efficient, cost-effective, and attractive for developers and users looking for scalable solutions on the Ethereum blockchain. Please note that cryptocurrency markets and technologies can evolve rapidly, so it's essential to stay updated on the latest developments and use cases for MATIC tokens.
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by luckylukeno1
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MATIC/USDT challenges in breaking through the crucial resistance💎 MATIC has undeniably captured significant attention in the market. Presently, MATIC is encountering challenges in breaking through the crucial resistance level. The presence of several bearish rejection candles at the resistance level suggests that if MATIC fails to breach this barrier in the near future, the price may undergo a decline, returning to retest the demand zone to generate new momentum. 💎 However, if MATIC successfully breaks out of the resistance level, a substantial upward movement is anticipated, probability reaching our target area. 💎 In the event of a retesting phase at the demand zone, if MATIC struggles to maintain its position and undergoes a breakdown, there is a likelihood of a bearish reversal. This could lead to a retracement to the next lower-demand area. 💎 In this scenario, a bounce is required to reclaim the area around $0.805 to resume the upward movement. Failure to reclaim the area may result in MATIC continuing the downward trend and returning to the strong support area.
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by MyCryptoParadise
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