{"id":25761,"date":"2023-06-22T04:59:15","date_gmt":"2023-06-22T08:59:15","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=25761"},"modified":"2023-06-22T04:59:15","modified_gmt":"2023-06-22T08:59:15","slug":"matic-price-prediction-polygon-signals-recovery-to-0-75","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/06\/22\/matic-price-prediction-polygon-signals-recovery-to-0-75\/","title":{"rendered":"MATIC Price Prediction: Polygon Signals Recovery To $0.75"},"content":{"rendered":"

MATIC price is recovering from the $0.55 support zone. Polygon might rise further toward the $0.725 and $0.750 resistance levels.<\/em><\/p>\n

MATIC price is attempting a recovery wave above the $0.60 resistance against the US dollar.
\nThe price is trading above $0.64 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.725 resistance zone.<\/p>\n

Polygon\u2019s MATIC Price Attempts Recovery<\/h2>\n

In the past few days, Polygon\u2019s price saw a major decline from well above $0.80. MATIC declined below the $0.750 support to move into a bearish zone.<\/p>\n

A low is formed near $0.5432 and the price is now attempting a fresh increase, similar to Bitcoin<\/a> and Ethereum<\/a>. The price was able to climb above $0.60. Besides, there was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

It broke the 23.6% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low. MATIC price is now trading above $0.64 and the 100 simple moving average (4 hours). It is now facing resistance near the $0.725 level.<\/p>\n

If there is an upside break above the $0.725 resistance level or the 50% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low, the price could continue to recover. The next major resistance is near $0.78.<\/p>\n\n

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

A clear move above the $0.78 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.80 level or $0.82.<\/p>\n

Fresh Decline in MATIC?<\/h2>\n

If MATIC\u2019s price fails to rise above the $0.725 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.65 level.<\/p>\n

The main support is near the $0.625 level. A downside break below the $0.625 level could open the doors for a fresh decline toward $0.60. The next major support is near the $0.55 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 $0.65 and $0.625.<\/p>\n

Major Resistance Levels \u2013 $0.725, $0.75, and $0.78.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

MATIC price is recovering from the $0.55 support zone. Polygon might rise further toward the $0.725 and $0.750 resistance levels.<\/em><\/p>\n

MATIC price is attempting a recovery wave above the $0.60 resistance against the US dollar.
\nThe price is trading above $0.64 and the 100 simple moving average (4 hours).
\nThere was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.725 resistance zone.<\/p>\n

Polygon\u2019s MATIC Price Attempts Recovery<\/h2>\n

In the past few days, Polygon\u2019s price saw a major decline from well above $0.80. MATIC declined below the $0.750 support to move into a bearish zone.<\/p>\n

A low is formed near $0.5432 and the price is now attempting a fresh increase, similar to Bitcoin<\/a> and Ethereum<\/a>. The price was able to climb above $0.60. Besides, there was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

It broke the 23.6% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low. MATIC price is now trading above $0.64 and the 100 simple moving average (4 hours). It is now facing resistance near the $0.725 level.<\/p>\n

If there is an upside break above the $0.725 resistance level or the 50% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low, the price could continue to recover. The next major resistance is near $0.78.<\/p>\n

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

A clear move above the $0.78 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.80 level or $0.82.<\/p>\n

Fresh Decline in MATIC?<\/h2>\n

If MATIC\u2019s price fails to rise above the $0.725 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.65 level.<\/p>\n

The main support is near the $0.625 level. A downside break below the $0.625 level could open the doors for a fresh decline toward $0.60. The next major support is near the $0.55 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 $0.65 and $0.625.<\/p>\n

Major Resistance Levels \u2013 $0.725, $0.75, and $0.78.<\/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-25761","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\/25761","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=25761"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/25761\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=25761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=25761"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=25761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}