{"id":16997,"date":"2023-01-27T05:52:35","date_gmt":"2023-01-27T09:52:35","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=16997"},"modified":"2023-01-27T05:52:35","modified_gmt":"2023-01-27T09:52:35","slug":"matic-price-prediction-rallies-10-polygon-bulls-aim-big","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/01\/27\/matic-price-prediction-rallies-10-polygon-bulls-aim-big\/","title":{"rendered":"MATIC Price Prediction: Rallies 10%, Polygon Bulls Aim Big"},"content":{"rendered":"

MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone.<\/em><\/p>\n

MATIC price started a fresh rally above the $0.98 resistance against the US dollar.
\nThe price is trading above $0.98 and the 100 simple moving average (4-hours).
\nThere was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise towards the $1.18 and $1.20 resistance levels.<\/p>\n

Polygon\u2019s MATIC Price Rallies Above $1<\/h2>\n

This week, polygon\u2019s price formed a strong base above the $0.900 zone. \u00a0MATIC remained stable and started a fresh increase above the $0.95 resistance zone.<\/p>\n

There was a strong move above the $1.0 level and the 100 simple moving average (4-hours). Besides, there was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair.<\/p>\n

The price traded to a new yearly high at $1.1298 and is currently consolidating gains. It is trading above $0.98 and the 100 simple moving average (4-hours). It is also trading near the 23.6% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high.<\/p>\n

It is up over 10% in a day, outperforming bitcoin<\/a> and ethereum<\/a>. On the upside, an immediate resistance is near the $1.12 level. The first major resistance is forming near the $1.15 zone.<\/p>\n

<\/a><\/p>\n

Source: MATICUSD on TradingView.com<\/a><\/p>\n

If there is an upside break above the $1.12 and $1.15 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.20 level.<\/p>\n

Dips Limited in MATIC?<\/h2>\n

If MATIC price fails to rise above the $1.12 and $1.15 resistance levels, it could start a downside correction. An immediate support on the downside is near the $1.080 level.<\/p>\n

The main support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high. A downside break below the $1.050 level could open the doors for a fresh decline towards $0.98. The next major support is near the $0.92 level.<\/p>\n

Technical Indicators<\/p>\n

4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $1.05 and $0.98.<\/p>\n

Major Resistance Levels \u2013 $1.12, $1.15 and $1.20.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone.<\/em><\/p>\n

MATIC price started a fresh rally above the $0.98 resistance against the US dollar.
\nThe price is trading above $0.98 and the 100 simple moving average (4-hours).
\nThere was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise towards the $1.18 and $1.20 resistance levels.<\/p>\n

Polygon\u2019s MATIC Price Rallies Above $1<\/h2>\n

This week, polygon\u2019s price formed a strong base above the $0.900 zone. \u00a0MATIC remained stable and started a fresh increase above the $0.95 resistance zone.<\/p>\n

There was a strong move above the $1.0 level and the 100 simple moving average (4-hours). Besides, there was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair.<\/p>\n

The price traded to a new yearly high at $1.1298 and is currently consolidating gains. It is trading above $0.98 and the 100 simple moving average (4-hours). It is also trading near the 23.6% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high.<\/p>\n

It is up over 10% in a day, outperforming bitcoin<\/a> and ethereum<\/a>. On the upside, an immediate resistance is near the $1.12 level. The first major resistance is forming near the $1.15 zone.<\/p>\n

<\/a><\/p>\n

Source: MATICUSD on TradingView.com<\/a><\/p>\n

If there is an upside break above the $1.12 and $1.15 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.20 level.<\/p>\n

Dips Limited in MATIC?<\/h2>\n

If MATIC price fails to rise above the $1.12 and $1.15 resistance levels, it could start a downside correction. An immediate support on the downside is near the $1.080 level.<\/p>\n

The main support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high. A downside break below the $1.050 level could open the doors for a fresh decline towards $0.98. The next major support is near the $0.92 level.<\/p>\n

Technical Indicators<\/p>\n

4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n

4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $1.05 and $0.98.<\/p>\n

Major Resistance Levels \u2013 $1.12, $1.15 and $1.20.<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-16997","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/16997","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=16997"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/16997\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=16997"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=16997"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=16997"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}