Is MATIC Nearing a Bottom or More Downside Ahead ?

23 Mac

• Lower Highs & Lower Lows: The price consistently prints lower highs and lower lows, confirming a bearish structure.
  
• The price is moving along the lower band, indicating persistent bearish pressure.
  
• The middle band (moving average) is acting as a resistance level.
  
• Support: Around $0.20 - $0.21 (current price zone), as it appears to be stabilizing near the lower Bollinger Band.
  
• Resistance: Near $0.28 - $0.30 (middle Bollinger Band) and a stronger resistance at $0.35.
  
• Volume has been relatively low, suggesting weak buying interest.
  
• If $0.20 breaks down, the next strong support might be around $0.15.
  

4 Jul

Dagangan aktif

MATIC is trading in the lower half of the Bollinger Bands.