Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Polygon [MATIC] found renewed buying pressure over the last month as the buyers continue to inflict a streak of green candles on the daily chart. This trend-altering comeback aided the bulls in propelling the […]
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
The bulls were able to reclaim critical support levels after a well-needed push from the ascending triangle breakout. A sustained bullish effort could aid the buyers in breaching the $0.95 resistance in the coming sessions. At press time, MATIC was trading at $0.9446, up by 1.7% in the last 24 hours.MATIC’s descent phase entailed a two-month retracement that resulted in an over 81% devaluation on the charts.
Any potential reversals from the $0.95 resistance could find rebounding grounds in the $0.78-$0.81 range. An eventual breach of the immediate resistance could position MATIC to retest the $1.1 mark in the coming days. Also, the Awesome Oscillator conveniently positioned itself above the equilibrium to reveal a strong buying momentum.
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