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<p>Crypto analyst Ali has just highlighted a bullish signal for Polygon (MATIC) on the weekly chart, suggesting potential price gains. </p> 
<p>Using the TD Sequential indicator, Ali’s analysis points to a likely upswing for MATIC over the next one to four weeks. This development comes after a period of downward trends, making the buy signal a crucial watch point for investors.</p> 
<h2 class="wp-block-heading" id="strong-polygon-matic-price-analysis-strong"><strong>Polygon (MATIC) Price Analysis</strong></h2> 
<p>The TD Sequential indicator is a tool that predicts potential reversals in market trends. According to Ali’s analysis, the appearance of a green “9” on the MATIC chart marks the completion of a setup phase. This is a strong bullish signal, indicating a possible upward movement. The “buy” signal suggests MATIC could experience a one to four-week upswing, potentially reversing the recent downward trend.</p> 
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   <p lang="en" dir="ltr">The TD Sequential presents a buy signal on the <a href="https://twitter.com/search?q=%24MATIC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">$MATIC</a> weekly chart, anticipating <a href="https://twitter.com/hashtag/Polygon?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">#Polygon</a> will see a one to four weekly candlesticks upswing! <a href="https://t.co/pW7PpcGHHy" target="_blank" rel="nofollow">pic.twitter.com/pW7PpcGHHy</a></p>— Ali (@ali_charts) <a href="https://twitter.com/ali_charts/status/1794997713936719902?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">May 27, 2024</a>
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<p>Ali’s chart shows a series of candlestick patterns representing weekly trading activity. Recent weeks have seen a stabilization around the $0.7000 level, following a downward trend since late February 2024. Each candlestick offers insight into weekly price movements, with green candlesticks indicating bullish weeks and red candlesticks indicating bearish weeks.</p> 
<p><strong><em>Read also: </em></strong><a href="https://captainaltcoin.com/heres-why-the-jasmycoin-jasmy-price-is-pumping/" target="_blank"><strong><em>Here’s Why the JasmyCoin (JASMY) Price is Pumping</em></strong></a></p> 
<h3 class="wp-block-heading" id="strong-key-support-and-resistance-levels-strong"><strong>Key Support and Resistance Levels</strong></h3> 
<p>Support and resistance levels are critical in understanding potential price movements. According to the analysis, the $0.6200 level has acted as a strong support in early May 2024, holding significant buying interest. Conversely, the $1.3000 level faced strong resistance in January 2024, leading to a sharp decline. These levels will be crucial in determining future price movements.</p> 
<h3 class="wp-block-heading" id="strong-market-implications-strong"><strong>Market Implications</strong></h3> 
<p>If the TD Sequential buy signal materializes, MATIC could see an upswing towards the next resistance level around $0.9000. This immediate target is based on previous resistance faced by the price.</p> 
<p>However, if MATIC fails to break above the $0.9000 resistance level, it might face renewed selling pressure. Additionally, a breakdown below the $0.6200 support level could lead to further declines, potentially targeting lower levels around $0.5000.</p>  
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<h2 class="wp-block-heading" id="strong-matic-s-price-forecast-strong"><strong>MATIC’s Price Forecast</strong></h2> 
<p>The price might consolidate between $0.6200 and $0.9000 before making a decisive move. Consolidation phases often precede breakouts or breakdowns, making this a crucial period for investors to watch.</p> 
<p>A breakout above $0.9000 would confirm the bullish trend and could lead to a retest of higher resistance levels, such as $1.1000 or even $1.3000. On the other hand, if the bearish momentum continues and the price breaks below the $0.6200 support, it could indicate further downside risk, targeting previous lows.</p> 
<p>The TD Sequential buy signal highlighted by Ali (@ali_charts) presents a bullish opportunity for MATIC investors. The potential upswing over the next one to four weeks could see prices moving towards the $0.9000 resistance level.</p> 
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<p>The post <a href="https://captainaltcoin.com/this-polygon-indicator-flashes-buy-signal-for-matic/">This Polygon Indicator Flashes “Buy” Signal for MATIC</a> appeared first on <a href="https://captainaltcoin.com">CaptainAltcoin</a>.</p>

This Polygon Indicator Flashes “Buy” Signal for MATIC

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