Resistance

Polygon

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>MATIC price chart displays a V-shaped reversal; pullback is anticipated.</a> </li> 
 <li> <span>2</span> <a>Buyers are looking to surpass the round mark of $1 soon.</a> </li> 
</ul> 
<p>Polygon (MATIC) coin revealed a sharp bounce and retained momentum, reaching close to the round mark of $1. Moreover, the bulls have regained strength and are anticipating a breakout soon. The coin signifies a V-shaped reversal and depicts follow-on buying momentum. However, the coin needs a retracement to continue the upward movement, which might lead to a breakout above $1.</p> 
<p>MATIC coin price surpassed the key moving averages and delivered a pullback in the last sessions. Furthermore, the trend is neutral, and buyers must hold $0.900 to continue the bullish momentum. If the coin drags below $0.8500, it may lead to profit booking toward $0.500. Per the Fib levels, the coin has escaped the 23.6% zone and is close to the 38.2% zone.</p> 
<p>The Polygon coin (MATIC) price was $0.9807 at press time, with an intraday drop of 2.71%, showing neutrality on the charts. Moreover, the trading volume has increased by 4.31% to $320.02 Million. The pair of MATIC/BTC is at 0.0000189 BTC, and the market cap is $9.44 Billion. MATIC coin has a weekly return ratio of 5.42% and 33.64% monthly. Analysts are neutral and suggest that the Polygon crypto (MATIC) price will face volatility and may breach the round mark of $1 soon.</p> 
<h2 class="wp-block-heading" id="strong-matic-displays-rebound-from-key-support-zone-strong"><strong>MATIC Displays Rebound From Key Support Zone</strong></h2> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-us.googleusercontent.com/lA7S6DIkgnICwQB5uO7EHfdGgaWQh3Xg0M9VV1UPSIFYz364FYDmii-97OYRXQhlzkaHwSeJfct5Oem5EGKsmffGLrxPAlX0JeJgiJQXqmJGK3NZt-PU-mDuXPpRKYzdXqAgGDsAx9PheSmgXw16rf0" alt="MATIC Price Prediction: Is MATIC Ready For a Breakout Above $1?">
  <figcaption class="wp-element-caption">
   Source: MATIC Price Chart By TradingView
  </figcaption>
 </figure>
</div> 
<p>Polygon (MATIC) chart revealed a bounce from the critical support zone of $0.7000 and retained buying momentum in the recent sessions. The coin has recovered over 46% of gains and retained its bullishness. However, the coin is yet to surpass the round mark of $1, which, if it happens, the price would rise to $1.20, followed by $1.50. The trend is neutral, however, the bulls continue to accumulate gains and are aiming for a breakout.</p> 
<p>The RSI curve continues to stay in the overbought zone forming a positive crossover, and revealing the bulls’ accumulation. Similarly, the MACD indicator shows a bullish crossover, it formed green bars on the histogram which suggest a bullish outlook for the following sessions.</p> 
<h3 class="wp-block-heading" id="strong-matic-displays-consolidation-on-weekly-charts-strong"><strong>MATIC Displays Consolidation On Weekly Charts </strong></h3> 
<div class="wp-block-image"> 
 <figure class="aligncenter size-large">
  <img loading="lazy" decoding="async" width="1024" height="474" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409-1024x474.png" alt="MATIC Price Prediction: Is MATIC Ready For a Breakout Above $1?" class="wp-image-194389" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409-1024x474.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409-300x139.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409-768x356.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409-1536x711.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409-750x347.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409-1140x528.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/02/image-409.png 1600w" sizes="(max-width: 1024px) 100vw, 1024px">
  <figcaption class="wp-element-caption">
   Source: MATIC Price Chart By TradingView
  </figcaption>
 </figure>
</div> 
<p>MATIC coin displays range-bound moves and is hovering below the $1 mark for the last sessions. However, the coin showed a bounce and escaped the 100-Day EMA sharply, signifying the bulls’ intention to initiate a range breakout. Until the $1.20 mark is not breached, the coin will hover in range and will not succeed in breaking out.</p> 
<h3 class="wp-block-heading" id="strong-summary-strong"><strong>Summary</strong></h3> 
<p><a href="https://www.thecoinrepublic.com/2024/02/24/immutable-crypto-aims-a-firm-footing-near-3-level-whats-next/" target="_blank" rel="noreferrer noopener">Polygon (MATIC)</a> coin displays a rebound from the demand zone and has been consolidating in a range for the past weeks. Furthermore, the price action indicates volatile moves, and buyers are struggling to escape the round mark of $1.</p> 
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4> 
<p><strong>Support Levels:</strong> $0.9600 and $0.9200</p> 
<p><strong>Resistance Levels:</strong>$1 and $1.10</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.&nbsp;</p>

MATIC Price Prediction: Is MATIC Ready For a Breakout Above $1?

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