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{"id":520845,"date":"2023-02-24T05:29:39","date_gmt":"2023-02-24T05:29:39","guid":{"rendered":"https:\/\/uniquehot.com\/?p=520845"},"modified":"2024-06-11T14:32:51","modified_gmt":"2024-06-11T14:32:51","slug":"matic-price-prediction-polygon-1-40","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/matic-price-prediction-polygon-1-40\/","title":{"rendered":"MATIC Price Prediction: Polygon Could Bounce Back From This Support"},"content":{"rendered":"

MATIC price rallied towards $1.50 before correcting lower. Polygon bulls must protect the $1.30 zone to start a fresh increase in the near term.<\/em><\/p>\n

\n
MATIC price started a fresh rally above the $1.30 resistance against the US dollar.<\/li>\n
The price is trading near $1.32 and the 100 simple moving average (4-hours).<\/li>\n
There is a major bearish trend line forming with resistance near $1.40 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to slide if there is a break below the $1.30 support zone.<\/li>\n<\/ul>\n
Polygon Price Trims Gains<\/h2>\n
In the past few days, polygon\u2019s price saw a strong increase above the $1.25 zone. \u00a0MATIC gained pace for a clear move above the $1.30 resistance zone.<\/p>\n
The price gained over 25% and it even spiked above the $1.50 resistance. A high was formed near $1.568 before the price started a downside correction, similar to bitcoin<\/a> and ethereum<\/a>. The price declined below the $1.42 and $1.40 levels.<\/p>\n
MATIC price is trading near $1.32 and the 100 simple moving average (4-hours). It is also just below the 50% Fib retracement level of the upward move from the $1.137 swing low to $1.568 high.<\/p>\n
On the upside, an immediate resistance is near the $1.38 level. The first major resistance is forming near the $1.40 zone. There is also a major bearish trend line forming with resistance near $1.40 on the 4-hours chart of the MATIC\/USD pair.<\/p>\n
$\"Polygon\u2019s$ <\/a><\/p>\n
Source: MATICUSD on TradingView.com<\/a><\/p>\n
If there is an upside break above the $1.40 resistance level, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.48 level or even $1.50.<\/p>\n
Downside Break in MATIC?<\/h2>\n
If MATIC price fails to rise above the $1.38 and $1.40 resistance levels, it could continue to move down. An immediate support on the downside is near the $1.32 level.<\/p>\n
The main support is near the $1.30 level. A downside break below the $1.30 level could open the doors for a fresh decline towards $1.220. The next major support is near the $1.20 level.<\/p>\n
Technical Indicators<\/p>\n
4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bearish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now below the 50 level.<\/p>\n
Major Support Levels \u2013 $1.32 and $1.30.<\/p>\n
Major Resistance Levels \u2013 $1.38, $1.40 and $1.45.<\/p>\n","protected":false},"excerpt":{"rendered":"
MATIC price rallied towards $1.50 before correcting lower. Polygon bulls must protect the $1.30 zone to start a fresh increase in the near term. MATIC price started a fresh rally above the $1.30 resistance against the US dollar. The price is trading near $1.32 and the 100 simple moving average (4-hours). There is a major bearish trend line forming with resistance near $1.40 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken). The pair could continue to slide if there is a break below the $1.30 support zone. Polygon Price Trims Gains In the past few days, polygon\u2019s price saw a strong increase above the $1.25 zone. \u00a0MATIC gained pace for a clear move above the $1.30 resistance zone. The price gained over 25% and it even spiked above the $1.50 resistance. A high was formed near $1.568 before the price started a downside correction, similar to bitcoin and ethereum. The price declined below the $1.42 and $1.40 levels. MATIC price is trading near $1.32 and the 100 simple moving average (4-hours). It is also just below the 50% Fib retracement level of the upward move from the $1.137 swing low to $1.568 high. On the upside, an immediate resistance is near the $1.38 level. The first major resistance is forming near the $1.40 zone. There is also a major bearish trend line forming with resistance near $1.40 on the 4-hours chart of the MATIC\/USD pair. Source: MATICUSD on TradingView.com If there is an upside break above the $1.40 resistance level, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.48 level or even $1.50. Downside Break in MATIC? If MATIC price fails to rise above the $1.38 and $1.40 resistance levels, it could continue to move down. An immediate support on the downside is near the $1.32 level. The main support is near the $1.30 level. A downside break below the $1.30 level could open the doors for a fresh decline towards $1.220. The next major support is near the $1.20 level. Technical Indicators 4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bearish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now below the 50 level. Major Support Levels \u2013 $1.32 and $1.30. Major Resistance Levels \u2013 $1.38, $1.40 and $1.45.<\/p>\n","protected":false},"author":67,"featured_media":520847,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[40670,76656,79614,83584],"class_list":["post-520845","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-matic","tag-maticusd","tag-maticusdt","tag-polygon"],"acf":[],"yoast_head":"\nMATIC Price Prediction: Polygon Could Bounce Back From This Support<\/title>\n<meta name=\"description\" content=\"MATIC price rallied towards $1.50 before correcting lower. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/uniquehot.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MATIC Price Prediction: Polygon Could Bounce Back From This Support","url":"http:\/\/uniquehot.com\/news\/matic-price-prediction-polygon-1-40\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/matic-price-prediction-polygon-1-40\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/shutterstock_158505446.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/shutterstock_158505446.jpg?fit=1000%2C727"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["matic","maticusd","maticusdt","polygon"],"dateCreated":"2023-02-24T05:29:39Z","datePublished":"2023-02-24T05:29:39Z","dateModified":"2024-06-11T14:32:51Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Price Prediction: Polygon Could Bounce Back From This Support\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/matic-price-prediction-polygon-1-40\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/matic-price-prediction-polygon-1-40\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_158505446.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_158505446.jpg?fit=1000%2C727\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"matic\",\"maticusd\",\"maticusdt\",\"polygon\"],\"dateCreated\":\"2023-02-24T05:29:39Z\",\"datePublished\":\"2023-02-24T05:29:39Z\",\"dateModified\":\"2024-06-11T14:32:51Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2023\/02\/shutterstock_158505446.jpg?fit=1000%2C727","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/520845"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=520845"}],"version-history":[{"count":0,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/520845\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/520847"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=520845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=520845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=520845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}