Resistance

Shiba Inu

Memecoin

Coin

<p><a href="https://twitter.com/rovercrc/status/1758954218927304773?t=123Zue1GxrT44vqwtUikXQ&amp;s=19" target="_blank" rel="noopener noreferrer nofollow">Crypto Rover, a crypto trader,</a> predicts that MATIC is about to break out of a 3-year consolidation phase. According to Crypto Rover’s chart, the price has hit resistance three times in the past and is now approaching a fourth touch. A break above the $1.00 resistance line will make bulls more confident and push the price further upward. However, if the resistance holds, it may spell a major fall for the price of MATIC.</p>
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<p><strong>AltFINS Analysis Shows Sideways Trading and Possible Breakout</strong></p>
<p>Crypto analytics firm AltFINS also analyzed MATIC’s price action. According to AltFINS, the price is trading in a Sideways Channel between $0.75 and $1.00. For trend traders, AltFINS recommends waiting for a breakout above the $1.00 resistance before entering new long positions, as this could open the way for the price to revisit $1.25.</p>
<p>Swing traders can trade the channel by buying near channel support around $0.70-$0.75 and selling near the $1.00 resistance for a potential 35% gain. AltFINS suggests a stop loss just below the 200-day moving average and prior swing low around $0.67.</p>
<p>AltFINS notes the short and medium term uptrend is intact, but the long term trend remains neutral. The analysts suggest a decisive break above the 3-year resistance level is needed to shift the long term trend to firmly bullish.</p>
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<p>The post <a href="https://captainaltcoin.com/polygons-matic-nears-critical-3-year-resistance-level-a-make-or-break-point-for-its-next-major-direction/" rel="noopener noreferrer nofollow">Polygon’s MATIC Nears Critical 3-Year Resistance Level: A Make-or-Break Point for Its Next Major Direction</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Polygon’s MATIC Nears Critical 3-Year Resistance Level: A Make-or-Break Point for Its Next Major Direction

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