Cryptocurrency

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/expert-predicts-rebound-for-polygons-matic-after-recent-drop" rel="noopener noreferrer nofollow">Expert Predicts Rebound for Polygon’s MATIC After Recent Drop</a><br></p>
<p style="text-align: justify">Cryptocurrency market analyst Ali Martinez has suggested that Polygon’s native token, MATIC, may be on the brink of a price rebound following a significant dip. Martinez’s analysis, which was shared via a well-known platform, points to the Tom DeMark (TD) Sequential indicator signaling a potential buy opportunity. This tool is known for identifying points where a price trend might be overstretched, suggesting a possible reversal.</p>
<h2 id="understanding-the-td-sequential-indicator">Understanding the TD Sequential Indicator</h2>
<p style="text-align: justify">The TD Sequential Indicator is instrumental in spotting potential changes in <a href="https://en.bitcoinhaber.net/south-korea-plans-further-delay-in-crypto-taxation-and-sets-framework-for-regulatory-measures" rel="noopener noreferrer nofollow">cryptocurrency</a> price direction, particularly after a sustained price move. Its latest signal hints at a recovery from the $0.92 support level for MATIC. The token’s current trading price at $0.95, with a recent increase, lends credence to this analysis. Nonetheless, market experts advocate for using a combination of indicators to strengthen the prediction’s reliability.</p>
<h2 id="liquidity-and-resistance-key-factors-influencing-matic">Liquidity and Resistance: Key Factors Influencing MATIC</h2>
<p style="text-align: justify">Investors are encouraged to examine liquidation heat maps to understand where substantial liquidity exists within the market, as these areas could attract price movement. Presently, such maps show MATIC with a liquidity cluster at $1.18, which it might approach soon. However, an obstacle awaits at this level, where the price could either break through to aim for $1.30 or retreat below the $1 mark upon facing rejection.</p>
<p style="text-align: justify">Additionally, MATIC’s funding rate is currently positive at 0.015%, a metric that reflects the cost of maintaining perpetual positions within the market. This positive rate suggests an advantage for long position holders. As the funding rate dips alongside a noticeable purchasing trend among spot traders, there’s an expectation for MATIC’s price to potentially escalate towards $1.18 in the near term.</p>
<p style="text-align: justify">Combining these various technical indicators, the forecast for MATIC looks cautiously optimistic, with a rebound in its price potentially in sight as supported by multiple market factors.</p>
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on BH NEWS: </span> <a href="https://en.bitcoinhaber.net/expert-predicts-rebound-for-polygons-matic-after-recent-drop" rel="noopener noreferrer nofollow">Expert Predicts Rebound for Polygon’s MATIC After Recent Drop</a></h5>

Expert Predicts Rebound for Polygon’s MATIC After Recent Drop

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