Flow

Polygon

MN Coin

<p style="text-align: justify"><strong><a href="https://en.coin-turk.com/polygon-founders-propose-token-name-change-from-matic-to-pol/" data-wpel-link="internal">Polygon</a> (<a href="https://en.coin-turk.com/polygon-matic-coin-changing-its-shell-and-gaining-attention/" data-wpel-link="internal">MATIC</a>)</strong>, trading within a compact price range due to sustainable upward gains being hindered by selling pressure in the $0.6 price zone.</p> 
<h2 style="text-align: justify" id="analysis-reports-on-matic">Analysis Reports on MATIC</h2> 
<p style="text-align: justify">According to a previous report on MATIC’s price movement, it emphasized the possibility of an upward trend based on a strong rally starting from $0.5. However, this move has not yet materialized due to the existing selling pressure in the $0.6 price zone. The Relative Strength Index (RSI) highlighted the decrease in buying pressure as it moved from overbought levels to oversold levels on the 12-hour timeframe. This decline came after the price was rejected at $0.58 within the compact trading range.</p> 
<p style="text-align: justify">With the momentum loss of the bulls, a downward break in the compact range may lead to a retest of the $0.5 support level in the short term. Therefore, MATIC investors have adopted a cautious approach. The Chaikin Money Flow (CMF) indicated a significant capital outflow as it transitioned into the negative zone.</p> 
<p><img decoding="async" class="aligncenter wp-image-264790 size-full" src="https://coin-turk.com/wp-content/uploads/2023/10/matic-1.png" alt="" width="1855" height="1052"></p> 
<h2 id="matic-price-future">MATIC Price Future!</h2> 
<p style="text-align: justify">Sustained upward movement may require buyers to surpass the $0.6 hurdle. In that case, it could bring buying pressure to the price range between $0.65 and $0.7. The continuous climb in the 90-day average of the cryptocurrency era indicated that investors believe prices will reverse from their current level when writing. The expectation of price increase emphasized the accumulation of MATIC.</p> 
<p style="text-align: justify">The short-term outlook for the bulls was even better. The Market-Value-to-Realized-Value (MVRV) based on a 30-day timeframe showed that traders were experiencing slight unrealized profits. Together, they highlighted the current upward expectations for MATIC. Polygon (MATIC) is trading within a compact range under the influence of selling pressure in the $0.6 price zone. Previous analysis predicted an upward trend that started with a strong rally but has yet to overcome the $0.6 hurdle.</p> 
<p>The decrease indicated by the Relative Strength Index (RSI) suggests a possible test towards the short-term support level of $0.5 after being rejected at $0.58. If the bulls surpass $0.6, it could bring buying pressure to the price range between $0.65 and $0.7, and investors are expecting future growth.</p> Continue Reading: <a href="https://en.coin-turk.com/polygon-matic-price-analysis-bearish-pressure-and-bullish-expectations/" data-wpel-link="internal">https://en.coin-turk.com/polygon-matic-price-analysis-bearish-pressure-and-bullish-expectations/</a>

Polygon (MATIC) Price: Analysis, Bearish Pressure, and Bullish Expectations

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