Polygon

Coin

<ul class="news-points"> 
 <li>MATIC climbed to $0.56 but mild profit-taking pushed it back to $0.53.</li> 
 <li>If the RSI moves towards 60.00, MATIC may surpass its one-week high and could&nbsp; move above $0.57.</li> 
 <li>The MFI indicated a relatively impressive liquidity flow to push buyers into better control of the market.</li> 
</ul> 
Like other assets in the market, <a href="https://coinedition.com/polygon-founder-unveils-massive-technical-upgrade-to-matic-with-pol/" rel="noopener noreferrer nofollow">Polygon (MATIC)</a> struggled to register a notable hike in price. However, the token was able to erase some losses as bulls made a partial return to the market over the weekend. 
The presence of bulls ensured that MATIC was able to maintain support at $0.53. Also, the lack of intense rejection drove MATIC to climb higher as it tapped $0.56 on August 28. Although MATIC had retraced at the time of writing, the Relative Strength Index (RSI) increased to 53.26. 
<h2 class="wp-block-heading" id="h-matic-to-target-0-57"><a></a>MATIC to Target $0.57</h2> 
The RSI hike implies that there is still a buying presence in the market, and sellers have taken over MATIC’s momentum. Should buying pressure increase, bulls increasing control may push the RSI toward 60.00. In turn, MATIC may also target $0.57 as its next stop. 
However, traders may need to watch out for the Boll… 
The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/will-matic-bulls-go-over-and-beyond-to-push-above-0-53/">Will MATIC Bulls Go Over and Beyond to Push Above $0.53?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.

Will MATIC Bulls Go Over and Beyond to Push Above $0.53?

Table of Contents

Coin Edition

Other articles published on Aug 29, 2023

Otherdeed Expanded NFT: Delve Into the Yuga Labs Universe

More businesses adopting crypto: what they should know

U.S. Government Suspected of Controlling Fifth Largest Bitcoin Wallet Tied to Bitfinex Hack

Friend.tech Registers Big Jump In 24-Hour Fees, Climbs To $1.4M

Casino Gender: Which Games Do Men and Women Prefer?

“SEC Continues to Ignore the Law”: John Deaton Questions Handling of Crypto Regulation

Join our free newsletter for daily crypto updates!