- MATIC coin price upside trend is currently observing a halt and is looking to test the support. Meanwhile, Polygon has observed a dip of more than 1.15%.
- Polygon price technical indicators are currently favoring the bears. Meanwhile, MATIC/BTC pair is also down by more than 1.7%
MATIC coin price is currently seeing a strong downside trend with the fall in Bitcoin. Polygon price has noticed an addition of over 1% in the past 24 hours and is following close to the worth of $2.1. The resource is presently exchanging below the 50 and above 100 Daily Moving Average. The 50 DMA of the coin is close to the worth of $2.166 making it an impermanent unfriendly district for the resource. Assuming the market revises itself or Bitcoin falls then one can expect a disadvantage pattern in the coin for what’s to come. MATIC/BTC sets can anticipate comparative additions later on.
Polygon is as of now positioned 14th in the cryptoverse with a market strength of more than 0.8%. The resource has seen a fall in the market cap yet is right now in a recuperation mode and can before long see another high. The volume of Polygon has also been seeing a strong upside move in the future. MATIC/BTC can also see a strong upside momentum in price in the future.
MATIC Crypto Price Technical Indicators Are Currently Favoring The Bears
The week after week technical chart of the Polygon hints towards a strong upside momentum in price. Coming to the daily chart, the asset is currently looking to give a major breakout in the future, MATIC is seeing a drawback pattern and can soon see a new low. The upside momentum may face a threat near $2.5. The drawback pattern of the asset may face a bounceback near $1.8. Assuming the Matic runs over $2.5 then a momentum till $3 can be seen.
Conclusion
MATIC crypto price is currently seeing a downside pattern and can soon see a reversal to a new high. MATIC/BTC pair might also observe a strong trend in the upcoming days. One should do their own research before investing in MATIC.
Technical Levels
Major Resistance:$2.5
Major Support:$1.8