MATIC Risks Heavy Decline If It Falls Below This Price Level, Analyst Says
MATIC, the native token of the Polygon network, has experienced both sides of the crypto market volatility in the last day, with a temporary boost followed by a steady price decline. Over the past 24 hours, the prominent altcoin has had its price bounce between $0.55 and $0.56, forming a major consolidation zone. As many MATIC investors speculate on the token’s next movement, popular crypto analyst Ali Martinez has given an interesting prediction that implies an impending market loss. MATIC In Danger Of 27% Price Decline Via an X Post on Monday, Ali Martinez alerted the crypto space that....
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MATIC is on the verge of hitting its local bottom of $1.21, as the market has lost three days in a row. In fact, it was only 11.4% away from the aforementioned level at the time of publication. On Tuesday, the price of Polygon (MATIC) moves in a narrow range. Since February 16, MATIC has been on a steady downward trend, with a 35 percent drop. The creation of a triple bottom near $1.40 signals that the present trend will be reversed. MATIC Falls Close To Bottom MATIC/USD is now trading at $1.42, down 0.31% on the day. The 16th most valuable cryptocurrency by market capitalization had a....
The price of Polygon (MATIC) has struggled to stay above the key support zone of $0.8 as the price of Bitcoin (BTC) showed indecision for weeks as the price moved in a range for weeks between $19,500-$20,000 with the price stalling on the next movement. This has affected the price of altcoins, including Polygon (MATIC), as prices dropped below $0.8 but reclaimed that region quickly. (Data from Binance) Related Reading: Why Ethereum Price Longs Might Profit Ahead Of “The Merge” Polygon (MATIC) Price Analysis On The Weekly Chart The price of MATIC has had a difficult time replicating its....
MATIC price is up over 15% and trading near $0.85. Polygon bulls are in charge, and they might soon aim for a move toward the $1.00 level. MATIC price started a strong increase above the $0.75 resistance against the US dollar. The price is trading above $0.78 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.775 on the 4-hour chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.850 and $0.880 resistance levels. Polygon Price Signals Breakout After forming a base above the $0.65....
Amid the calls for new all-time highs for Bitcoin, one analyst is going against the trend and calling a crash. The prediction not only expects Bitcoin to break below the $100,000 level, which many believe was already left in the past, but to actually fall by more than 60% from here. The analysis, which depicts a flash crash, shows a possible price reversal into levels not seen in years. Entering A Bitcoin Short With Conviction The crypto analyst who goes by the pseudonym Dick Dandy revealed that their next move was to enter into a Bitcoin short position between $121,400 and $121,700.....
Polygon (MATIC) has caught the attention of pseudonymous analyst Dave the Wave, who sees promising signs for the cryptocurrency. According to Dave, Polygon is poised to enter a significant uptrend against Bitcoin, and his optimism is based on a thorough analysis of the current market dynamics. As the broader crypto market experiences a surge, with Bitcoin reaching the $36,000 level and maintaining its momentum at the time of writing, MATIC is emerging as a standout performer. Dave the Wave is particularly bullish on MATIC, stating, “If MATIC did a 3x against BTC, and BTC did a 5x....