MATIC price rebounds from the $0.52 mark.
The current rally is testing the short-term resistance trendline.
A successful trendline breakout could propel MATIC towards $0.60.
Year-to-Date, MATIC has dropped by 25%, trading at a significant 64% discount from its 2023 peak of $1.56.
Polygon (MATIC) finds strong support at $0.52, preventing a further decline to $0.50.
A demand zone is forming at $0.52, hinting at a double bottom reversal with a target at the $0.62 resistance.
MATIC forms a morning star pattern at $0.52 and has risen by 2.59%.
The price action at $0.52 suggests a higher likelihood of a breakout.
The 4-hour chart reveals a descending triangle pattern for MATIC.
Technical indicators, including MACD and RSI, are bullish.
A breakout above $0.60 could set MATIC on a path to $0.80.
A bearish turn threatens the $0.52 support, with potential drops to $0.48 and $0.45.
The current rally is testing the short-term resistance trendline.
A successful trendline breakout could propel MATIC towards $0.60.
Year-to-Date, MATIC has dropped by 25%, trading at a significant 64% discount from its 2023 peak of $1.56.
Polygon (MATIC) finds strong support at $0.52, preventing a further decline to $0.50.
A demand zone is forming at $0.52, hinting at a double bottom reversal with a target at the $0.62 resistance.
MATIC forms a morning star pattern at $0.52 and has risen by 2.59%.
The price action at $0.52 suggests a higher likelihood of a breakout.
The 4-hour chart reveals a descending triangle pattern for MATIC.
Technical indicators, including MACD and RSI, are bullish.
A breakout above $0.60 could set MATIC on a path to $0.80.
A bearish turn threatens the $0.52 support, with potential drops to $0.48 and $0.45.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.