{"id":538940,"date":"2023-06-21T15:00:11","date_gmt":"2023-06-21T15:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=538940"},"modified":"2023-06-21T12:37:19","modified_gmt":"2023-06-21T12:37:19","slug":"matic-price-gains-momentum-but-bulls-face-uncertainty-without-breaking-vital-resistance","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/matic\/matic-price-gains-momentum-but-bulls-face-uncertainty-without-breaking-vital-resistance\/","title":{"rendered":"MATIC Price Gains Momentum, But Bulls Face Uncertainty Without Breaking Vital Resistance"},"content":{"rendered":"
The price of MATIC has experienced an increase in recent trading sessions, surpassing its important support level. In the past 24 hours, the MATIC price has risen by approximately 6%. However, when considering the weekly chart, the altcoin has not shown significant value growth.<\/p>\n
The technical outlook for MATIC remains bearish, indicating negative sentiment. Both the demand and accumulation for MATIC have remained relatively low, indicating a prevailing bearish influence.<\/p>\n
The volatility of Bitcoin has had a negative impact on the stability of most altcoins in recent trading sessions. So for MATIC to continue appreciating in future trading sessions, there needs to be a recovery in demand for the altcoin, and its price must trade above the resistance level of $0.70.<\/p>\n