Polygon Shows Bearish Signs, Can $0.76 Support Hold Price Of Matic?
2022年9月8日 - 7:07AM
NEWSBTC
The price of Polygon (MATIC) has struggled to stay above the key
support zone of $0.8 as the price of Bitcoin (BTC) showed
indecision for weeks as the price moved in a range for weeks
between $19,500-$20,000 with the price stalling on the next
movement. This has affected the price of altcoins, including
Polygon (MATIC), as prices dropped below $0.8 but reclaimed that
region quickly. (Data from Binance) Related Reading: Why Ethereum
Price Longs Might Profit Ahead Of “The Merge” Polygon (MATIC) Price
Analysis On The Weekly Chart The price of MATIC has had a
difficult time replicating its bullish move that has created
euphoria in recent weeks as the price could not trade above the
anticipated $1. This region of $1 has become a hard nut to crack,
acting as resistance for the price of MATIC to trend to higher
heights. MATIC’s weekly price trading above $0.8 gives it a
better chance of trending higher after a series of bullish runs
from a low of $0.35. If MATIC fails to hold the $0.8 support level,
the price of MATIC may retest $0.77, which is also a good price
support level. With the price of MATIC still looking bullish, it
must overcome the resistance at $1; otherwise, the price of MATIC
will remain in the $1-$0.8 range. If the MATIC price maintains this
bullish structure, we may see it retest $1 and possibly higher with
increased buy volume. Weekly resistance for the price of MATIC –
$1. Weekly support for the price of MATIC – $0.84 -$0.77 Price
Analysis Of MATIC On The Daily (1D) Chart After breaking below its
bullish trend, the price of MATIC has struggled to reclaim that
trend, with the price being rejected by the trendline acting as
resistance. The price of MATIC failed to hold its key support found
at $0.95 as the price fell to a region of $0.77 before bouncing off
that region with what looks like an area of demand for more buy
orders. MATIC’s price has remained bearish, indicating that more
sell orders have been placed recently. If the price of MATIC
maintains this structure, the support at $0.77 may be broken, and
the price may retest the lower support of $0.6. MATIC is currently
trading at $0.83, just below its daily 50 and 200 Exponential
Moving Averages (EMA). Prices at $0.835 and $0.98 correspond to the
50 and 200 EMAs, which act as resistance to the MATIC price. Daily
resistance for the MATIC price – $0.9. Daily support for the MATIC
price – $0.77-$0.6. MATIC Price Analysis On The Four-Hourly (4H)
Chart The MATIC price in the 4H timeframe remains bearish, but
there is some hope as the price remains above $0.80. The MATIC
price appears to have been rejected by the 50 and 200 EMAs, which
were acting as resistance. MATIC’s price must break above the 50
and 200 EMAs, which correspond to $0.85 to have a chance of
trending higher. The Relative Strength Index (RSI) for MATIC is
below 50 on the 4H chart, indicating a moderate buy order volume
for the MATIC price. Four-Hourly resistance for the MATIC price –
$0.9. Four-Hourly support for the MATIC price – $0.77-$0.6. Related
Reading: NEAR Price Could Drop To $3 If This Bearish Pattern
Continues Featured Image From Coingape, Charts From
Polygon (COIN:MATICUSD)
過去 株価チャート
から 3 2024 まで 4 2024
Polygon (COIN:MATICUSD)
過去 株価チャート
から 4 2023 まで 4 2024