Select Page

MATIC Price Today: Polygon (MATIC) Price Up Nearly 20%, Will MATIC Cross $1 this time?

MATIC Price Today: Polygon (MATIC) Price Up Nearly 20%, Will MATIC Cross $1 this time?
This article is added for educational purpose only. All credit goes to the respected author of this article. All In One Crypto App do not hold any liabilities of this article. You can get the source link at the end of the article content.
Matic Network
  • MATIC price is up nearly 20% in the last day
  • MATIC Price bounced heavy off major support of $0.68
  • 100MA is acting as resistance

MATIC Price Overview

Polygon (MATIC) experienced a hard bounce off support the last 2 days. Prices feel nearly -50% since the start of July as the cryptocurrency market failed to gain its footing. MATIC had a mind blowing run the last 6 months as it nearly outpaced all of its competitors. MATIC brings a great solution to the cryptocurrency market as it provides technology for scaling the Ethereum network. Once the market begins a strong uptrend, MATIC will surely be back to strong upward pushes.

MATIC Price has been stuck within a descending channel for nearly 2 months. Each time MATIC hits either trend, it has been fiercely rejected. Bulls must push MATIC past its long term trend shown in black and hold its major resistance mark of $0.934.

If this is deemed successful bulls must then clear the top trend of its descending channel formation. MATIC will then be free for a large spike back above $1.00.

MATIC Price Analysis: MATIC/USDT 4 Hour Chart


At the time of writing, MATIC continues to be rejected off its major resistance of $0.93. Along with this resistance lies the 100 MA. This has held price down for nearly 2 weeks. If bulls fail to clear over this MA, price will likely retrace to its major support zone. This support zone lies at $0.79-$0.84 and has held MATIC in the past. A break below this zone will be a bearish scenario that will land prices back under $0.70.

While looking at the relative strength index, we can see that RSI has recently broken a near two week trend line. Strength must quickly push to overbought territory to save MATIC from a short term pullback. The Stochastic RSI has been flat lined in the overbought territory which may indicate a short term pullback is coming. 

MATIC intraday levels 

  • Spot rate: $0.893
  • Trend: Bullish
  • Volatility: Medium
  • Support: $0.84
  • Resistance: $0.93

The post MATIC Price Today: Polygon (MATIC) Price Up Nearly 20%, Will MATIC Cross $1 this time? appeared first on Coingape.


Source: Coingape


All In One Crypto App presents a unique dynamic crypto course that allows you to become a profitable and successful trader. Download Now

Don't forget to share your review/suggestions for android app.

All In One Crypto App is an execution-only service provider. The material provided on this website is for information purposes only and should not be understood as an investment advice. Any opinion that may be provided on this page does not constitute a recommendation by All In One Crypto App or its agents. We do not make any representations or warranty on the accuracy or completeness of the information that is provided on this page. If you rely on the information on this page then you do so entirely on your own here


Select Sub Category


All In One Crypto App

Made $234 profit with Free Signals from $50

This is the best useful app on my phone. Started trading with $50 and in 5 weeks I was up to $234 just with the free signals. I will recommend it to any new person that wants to try trading crypto. Link to Review

Asoluka Chimdindu

Free User
All In One Crypto App

Good Support

This app is one of the best for crypto currency trading signal for experts and beginal with free and premier with auto follow trading bot all the signal is excellent with accurate technical analysis and fundamental I really like the way they guide and support. Link to Review

olaplus olaplus

Premium User
All In One Crypto App

Accurate Trading Signals

I was premium member of this channel back in 2018 when there was no app. Thr signals were too good, more than 90% accuracy. Now with this app and newly introduced auto trading bot, it will be awesome. Too the moon. Link to Review

Yogesh Patil

Premium member
All In One Crypto App

Awesome and Accurate Signals

Very glad to use this app. The crypto signals was awesome and accurate with detailed explanation and visual information. The admin also helpful and nice. Link to Review

soon cheong

Free User
All In One Crypto App

User Friendly App

Signals are great. I love it. App also friendly to use… Nice job guys Link to Review

Olawunmi Dilureni

Premium Subscriber

Recent Comments