Resistance

Polygon

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   Dec 12, 2023 at 11:02 // Price
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   <div class="avatar" style="background-image:url(/upload/resize_cache/iblock/42a/60_60_1/42aa5ec847dba7f5a2bce5378ae70614.png)"></div> <span>Author<br>Coin Idol </span>
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 <p><strong>The price of Polygon (MATIC) is stuck at $0.95. The recent high has fended off the upward correction twice.</strong></p>
 <h2 style="text-align: justify;" id="polygon-price-long-term-prediction-ranging">Polygon price long term prediction: ranging</h2>
 <p style="text-align: justify;">The cryptocurrency has recovered from its previous decline, but the up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> came to an end on November 14. Polygon was forced into a sideways <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> by the end of the up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>. The price of the altcoin is currently fluctuating between $0.75 and $0.95. Buyers could push the price to a high of $1.20 if they break through the $0.95 level. If the bears breach the current support at $0.75 and the downward momentum continues, MATIC will fall and revisit the previous low at $0.50. At the time of writing, the altcoin is trading at $0.86.</p>
 <h2 style="text-align: justify;" id="polygon-indicator-analysis">Polygon indicator analysis</h2>
 <p style="text-align: justify;">The price of the cryptocurrency is trading between the moving average lines on the 4-hour chart. This indicates that the cryptocurrency will continue to <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> sideways. The moving average lines are sloping upwards, indicating an upward correction. A retest of the overhead resistance is likely as long as the price remains above the moving average lines.</p>
 <h3 style="text-align: justify;" id="technical-indicators">Technical indicators</h3>
 <p style="text-align: justify;"><b>Resistance levels: $1.20, $1.30, $1.40</b></p>
 <p style="text-align: justify;"><b>Support levels: $0.60, $0.40, $0.30</b></p>
 <p style="text-align: justify;"><b><img width="1024" alt="MATICUSD_(Daily Chart) –Dec.12.jpg" src="https://cdn.thebittimes.com/images/2023/12/12/d58044be843b7497fde54212123c40b8.webp" height="511" title="MATICUSD_(Daily Chart) –Dec.12, 2023"><br> </b></p>
 <h2 style="text-align: justify;" id="what-is-the-next-move-for-polygon">What is the next move for Polygon?</h2>
 <p style="text-align: justify;">Polygon has recovered from its previous downturn, even if the up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> was short-lived. If buyers break through the current resistance level, the cryptocurrency will resume its up<a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a>. Buyers may weaken or break through the current resistance level if it is retested frequently. In the meantime, the sideways <a rel="noopener noreferrer nofollow" title="trend" href="https://thebittimes.com/tag/trend.html">trend</a> will continue.</p>
 <p style="text-align: justify;"><img width="1024" alt="MATICUSD_ (4 Hour Chart) – Dec.12.jpg" src="https://cdn.thebittimes.com/images/2023/12/12/0a65f5f325c8fdbcc714b4e87c240f55.webp" height="511" title="MATICUSD_ (4 Hour Chart) – Dec.12, 2023"><br></p>
 <p style="text-align: justify;"><i><span style="color: #959595;">Disclaimer. This <a rel="noopener noreferrer nofollow" title="Category Analysis" href="https://thebittimes.com/analysis.html">Analysis</a> and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.&nbsp;</span></i></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/polygon-s-uptrend-continues-as-it-reaches-the-0-95-level-again-tbt73433.html">https://thebittimes.com/polygon-s-uptrend-continues-as-it-reaches-the-0-95-level-again-tbt73433.html</a></p>

Polygon’s Uptrend Continues As It Reaches The $0.95 Level Again

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TheBitTimes

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