Get started

MATIC Network / TetherUS

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Markets

MATICUSDT trade ideas

Polygon Matic price is at the bottom of global consolidationDuring the recent correction of the crypto market, the price of #MATICUSDT fell quite a bit, as for an altcoin from the top 20 However, the aggressive buyback of CRYPTOCAP:MATIC started from the critical zone, and this is good. Perhaps it was around $0.60 that big money was ready to buy. Whether this is true or not, we will soon find out, because if the price of the #Polygon token is to start its upward trend, it should not more allowed to fall below $0.60 _____________________ Did you like our analysis? Leave a comment, like, and follow to get more
M
by P_S_trade
13
📈MATIC Analysis: Waiting for Box Breakout in 4-Hour Timeframe🚀🔍Today's market saw a notable rebound from a crucial support level, reaffirming the buying opportunity for investors keen on sustaining prices above this support. As emphasized in previous analyses, the breach of this support and subsequent consolidation below it would likely signal a bearish trend, making position opening challenging until proximity to this support. ⚡️Currently, Bitcoin has undergone a minor upward correction, with altcoins also nearing the upper bounds of their respective boxes. The coin under scrutiny today is Matic (MATIC), with analysis focused on the 4-hour timeframe. Matic is currently confined within a box ranging from 0.6449 to 0.7491. 🔔Utilizing the volume fixed range profile indicator reveals balanced volumes within the box, suggesting a prudent approach of waiting for a breakout before considering positions. Therefore, the entry point for a long position is at 0.7491, while for a short position, it's at 0.6449. 📈For long positions, consider targeting the area around 0.8685, a strong supply zone where price rejection may occur. Conversely, for short positions, 0.5057 serves as a suitable target, offering robust support and aligning with the 1 Fibonacci extension. ✅However, the optimal exit strategy entails waiting for a trend reversal before exiting the position. This advanced approach necessitates a deep understanding of market dynamics and significant trading experience. 📊Additionally, dwindling volumes indicate waning trader interest within this range. When traders, especially those with significant trading volumes, are disinterested, it's prudent for others to refrain from trading. 💎For RSI confirmation, breaking above 64.27 could serve as a signal for long positions. However, given the market's lack of momentum, reliance solely on momentum indicators like RSI may not be advisable. 📝In conclusion, exercising patience for a breakout from the current box range is prudent for Matic traders, with strategic entry and exit points crucial for successful trading amid prevailing market conditions.
M
by itsparham96
⚡️MATIC: Disney's Crypto Of ChoiceMatic Polygon, formerly known as the Matic Network, is a Layer 2 scaling solution for the Ethereum blockchain. It was rebranded in 2021 to Polygon Technology to reflect its expanded scope and mission. The platform aims to improve the scalability and usability of Ethereum by providing a framework for building and connecting Ethereum-compatible blockchain networks. The native token of the Polygon network is MATIC, which is used for various purposes within the ecosystem, such as transaction fees and staking. Polygon offers a solution to the challenges faced by the Ethereum network, including slow transaction processing BINANCE:MATICUSDT times and high transaction fees, by enabling faster and cheaper transactions.
MLong
by Djvybe
✴️ Polygon | No New Highs In 66 Days, Why? What Is Happening?➖ Notice that Polygon (MATICUSDT) has been moving within a lower high for more than two months, 66 days. ➖ Notice that it has been moving within a wide range for 109 days, more than three months. More than three months and basically no growth, why? How can we interpret this information? What does this means for Bitcoin and the Cryptocurrency market as a whole? Polygon is part of the big Altcoins. TOP 20. Big market capitalization; it moves with Bitcoin. When the market moves from a bearish to bullish phase, the first projects to move are the big ones. When the big ones stop moving, the smaller ones start to grow. Notice how MATICUSDT produces no growth in 66 days, literally, while at the same time you can find now hundreds of Altcoins growing by 100%, 200%, 300% and even more within days or weeks. Many are now at 500%, 600% and more growth in a period of several months. So even if Bitcoin, Cardano, Ethereum, Solana, etc., were continue higher they would only grow 10%, 20% and even 50% if you are extremely lucky. While the smaller Altcoins have room to grow 300%, 500% and even 700% in just a normal scenario. Some can grow many times more. 👉 What is happening is that money is flowing from Bitcoin and the big Altcoins toward the smaller ones. This is how it normally goes, this is how it works. 👉 Bitcoin's bullish wave is over and that's why the rest of the market is now going on bull-run more... This is great. This is a tremendous opportunity for those who trade. You can enjoy big profits, create a capital and safe for massive growth in 2025 and 2024. Sell high and at the top to later buy again, buy more when prices are low and near support. Namaste.
MShort
by AlanSantana
19
MATICUSDT. Trading opportunityA sideways range has formed on 4D TF. The seller's vector has reached the obligatory goal. The buyer has not yet shown strength. I will wait for buyer action to buy. The target could be 1.29. A sideways range has formed on the hourly timeframe. Buyer vector 5-6 has been won back. The seller vector (6-7) is currently relevant. If the seller breaks the 0.7006 level and defends it, then I believe the price could reach 0.6194. I think 0.6194 is a good price to buy.
M
by AlexeyWolf