Bitcoin

Resistance

Polygon

MATIC price is up over 5% and it tested the $0.950 resistance. Polygon bulls are in full control, and they might aim for more upsides above $1.00. 
<ul> 
 <li>MATIC price started a fresh increase above the $0.920 resistance against the US dollar.</li> 
 <li>The price is trading above $0.925 and the 100 simple moving average (4 hours).</li> 
 <li>There was a break above a key bearish trend line with resistance at $0.9150 on the 4-hour chart of the MATIC/USD pair (data source from Kraken).</li> 
 <li>The pair could continue to move up if it clears the $0.9720 resistance.</li> 
</ul> 
<h2 id="polygon-price-starts-fresh-increase">Polygon Price Starts Fresh Increase</h2> 
After forming a base above the $0.8620 level, Polygon’s price started a fresh increase. MATIC cleared many hurdles near $0.880 and $0.8950 to move into a positive zone, like <a href="https://www.newsbtc.com/analysis/btc/bitcoin-price-resumes-upside-why-btc-could-soon-hit-new-ath/" target="_blank" rel="noopener ">Bitcoin</a> and <a href="https://www.newsbtc.com/analysis/eth/ethereum-price-move-to-4k/" target="_blank" rel="noopener ">Ethereum</a>. 
There was also a move above the $0.90 resistance and the 100 simple moving average (4 hours). The bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $1.0854 swing high to the $0.8612 low. 
Besides, there was a break above a key bearish trend line with resistance at $0.9150 on the 4-hour chart of the MATIC/USD pair. MATIC is trading above $0.9250 and the 100 simple moving average (4 hours). 
Immediate resistance is near the $0.960 zone. The first major resistance is near the $0.9720 level or the 50% Fib retracement level of the downward move from the $1.0854 swing high to the $0.8612 low. If there is an upside break above the $0.9720 resistance level, the price could continue to rise. 
<a href="https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461"><img loading="lazy" decoding="async" class="alignnone size-full wp-image-602167" src="https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461" alt="MATIC Price Prediction" width="1024" height="461" srcset="https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461?w=1835 1835w, https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461?w=460 460w, https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461?w=768 768w, https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461?w=860 860w, https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461?w=1536 1536w, https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461?w=750 750w, https://www.newsbtc.com/wp-content/uploads/2024/04/MATIC.png?resize=1024%2C461?w=1140 1140w" sizes="(max-width: 1000px) 100vw, 1000px" data-recalc-dims="1"></a> 
Source: <a href="https://www.tradingview.com/symbols/MATICUSD/" target="_blank" rel="noopener nofollow">MATICUSD on TradingView.com</a> 
The next major resistance is near $1.00. A clear move above the $1.00 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $1.100 level or $1.150. 
<h2 id="are-dips-limited-in-matic">Are Dips Limited in MATIC?</h2> 
If MATIC’s price fails to rise above the $0.9720 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.915 level and the same trend line. 
The main support is near the $0.880 level. A downside break below the $0.880 level could open the doors for a fresh decline toward $0.8620. The next major support is near the $0.8250 level. 
Technical Indicators 
4 hours MACD – The MACD for MATIC/USD is gaining momentum in the bullish zone. 
4 hours RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level. 
Major Support Levels – $0.9150 and $0.880. 
Major Resistance Levels – $0.9720, $1.00, and $1.15.

MATIC Price Prediction: Can Polygon Rip Higher To $1.15

목차

NewsBTC

2024년 4월 9일에 게재된 다른 기사

OKX Ventures Invests in Zeus Network, Boosting Altcoin’s Price

DeeStream secures 3,300+ investors, attracts UNI, ATOM fans

Bitcoin Soars as Market Dynamics Shift

Navigating the Digital Frontier: Metaplanet’s Strategic Bet on Bitcoin

Revolutionizing Physical Infrastructure: The Rise of DePIN

Jito Cryptocurrency Price at Breakout Point

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!