Polygon Price Analysis: MATIC Coin Booms After Announcing To Help COVID-19 Patients In India

• MATIC coin price bounced from $0.30 to $0.50 on Monday’s trading session
• The 24-hour volume in MATIC coin is at $1,134,645,271 with a 482.66% increase
• The MATIC/BTC pair was trading at 0.000009616 with a 28.82% increase

The 4-hour technical chart of the MATIC coin price forecasts an uptrend. According to pivot points, MATIC’s critical support level is placed at $0.30. Whereas if it moves up, the key resistance level to watch is $0.55. While diving into the monthly chart of a 1-day time frame, it completes a bullish engulfing candlestick pattern representing bulls are in control.

EMA- (8,13,21,55) acts as another strong support in the coin. EMA-8 (blue) intersects above EMA-13,21 (green, yellow), which projects a positive trend. The price is also above the EMA-55 (red). Investors may perceive a positive crossover in the EMA, and the price will also follow the positive trend.

RSI indicator (BULLISH), with a value of 66.55, indicates a buy signal in the coin. Moreover, Investors can see an upward slope from 42 to 66 in the index, which may surge in future trading sessions.

The volume of (755.45K) is above the Volume MA (302.82K) of 20-days. Emerging green volume bars can be observed above volume ma of 20-days to pull up the price. High buying pressure is maintained in Polygon (MATIC) to drive its price to higher levels.

MATIC Coin Starts A Campaign To Help Covid Patients Of India

Matic Co-founder Sandeep Nailwal is getting global attention after he started the initiative to help Covid-19 patients in India.

In the series of tweets by Sandeep Nailwal he had also asked “WazirX, CoinDCX & Bitbns to help convert the donations into fiat currency and be able to donate to ground people.

MATIC Coin Price Is In Strong Momentum Expecting It To Hit $1 Soon

MATIC coin price traded at $0.50 with a gain of 38.42% in the last 24-hour and 39.80% up in the weekly time frame. Furthermore, MATIC coin price bounced from the support of $0.30. In contrast, the market capitalization stands at $2.64 billion. Technically, investors can perceive a positive crossover in the EMA, and the price is above the 55-EMA. RSI index showcases an upward slope. Moreover, the price movement can be above the resistance of $0.55 in future trading sessions.

Resistance: $0.55

Support: $0.30

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