MATIC looking at a likely short-term tight price constriction as a key roadblock derails bulls and BTC consolidation above $30k persists.
On the 4-hour chart, the ascending trendline has been a crucial support level for bulls. If BTC continues consolidating above $30k, there is a likely scenario of MATIC constricting further between the ascending trendline and the overhead roadblock.
Nevertheless, the zone was a crucial support in October- December 2022/May 2023 and encompassed a bearish OB on the 4-hour chart. So, this makes it a sticky roadblock and a pain for bulls.
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