- MATIC coin price is currently observing a strong upside momentum which can push the price. Meanwhile, Polygon price has observed a gain of more than 5.95% in the intraday session.
- Technical indicators of Polygon price suggest a strong bull trend in the price for the future. Meanwhile, MATIC/BTC pair has seen a loss of more than 0.5% in the past 24 hours
MATIC coin price is currently seeing a strong upside momentum which can push the price to a new high soon. Polygon price has observed a gain of more than 6% and is currently trading near the value of $1.65. MATIC price upside momentum may observe a halt near the value of $2.2. In contrast, on the downside, the coin price may see support near $1. The price of the asset is trading above the 50 and 100 Days Moving Average, and can soon observe a positive crossover in the future. The 100MA line is near $1.32, making it a temporary bounceback region for the coin. One can invest in MATIC as per their needs and risk adversity..
Polygon coin market dominance along with the CMC ranking is seeing a strong momentum which can soon push it to a new high. The coin has to cover more than 40% of the current level to break its all-time high. The asset of the coin has a very high ROI which has profited various investors in a long period of time. The market cap to TVL ratio of the Polygon suggests an increase in momentum for the future. The volume to market cap ratio of MATIC hints towards a bull trend in price
MATIC Coin Price Bulls Are Ready To Push It To A New High
The weekly technical chart of the Polygon price suggests a strong upside momentum which can push the price. The price has seen a gain of more than 11% in the weekly time frame. The daily chart of the MATIC suggests a strong upside momentum in price which can push it to a new high.
The coin price has formed a bullish pattern which can help the price to attain new highs. If the Polygon price jumps 15 to 20% above the current level then a strong upside momentum can be seen. The MATIC/BTC pair can also see a new high in the future
Conclusion
MATIC crypto price is currently seeing an upside trend which can soon push the price. MATIC/BTC pair can also see a strong upside momentum in the future. One can position their funds in the Polygon as per their needs and risk adversity.
Technical Levels
Major Resistance:$2
Major Support:$1