{"id":26287,"date":"2023-07-04T15:52:36","date_gmt":"2023-07-04T19:52:36","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=26287"},"modified":"2023-07-04T15:52:36","modified_gmt":"2023-07-04T19:52:36","slug":"matic-price-prediction-polygon-bulls-aim-for-0-80","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/07\/04\/matic-price-prediction-polygon-bulls-aim-for-0-80\/","title":{"rendered":"MATIC Price Prediction: Polygon Bulls Aim For $0.80"},"content":{"rendered":"

MATIC price is recovering from the $0.60 support zone. Polygon might rise further toward the $0.75 and $0.80 resistance levels.<\/em><\/p>\n

MATIC price is attempting a recovery wave above the $0.68 resistance against the US dollar.
\nThe price is trading above $0.70 and the 100 simple moving average (4 hours).
\nThere was a break above a key declining channel with resistance near $0.650 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.720 resistance zone.<\/p>\n

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

After a major decline, Polygon\u2019s price found support near the $0.60 zone. MATIC traded as low as $0.600 and recently started a recovery wave.<\/p>\n

The recent gains in Ethereum<\/a> and Bitcoin<\/a> also helped altcoins such as MATIC and ADA. MATIC was able to climb above the $0.65 and $0.68 resistance levels. Besides, there was a break above a key declining channel with resistance near $0.650 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

The price is now trading above $0.70 and the 100 simple moving average (4 hours). A high is formed near $0.7205 and the price is now consolidating gains.<\/p>\n

It is well above the 23.6% trading above $0.70 and the 100 simple moving average (4 hours).. Immediate resistance is near the $0.720 level. The first major resistance is near the $0.75 level. If there is an upside break above the $0.750 resistance level, the price could continue to rise.<\/p>\n\n

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

The next major resistance is near $0.78. 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

Downside Correction in MATIC?<\/h2>\n

If MATIC\u2019s price fails to rise above the $0.720 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.692 level.<\/p>\n

The main support is near the $0.65 level or the 50% trading above $0.70 and the 100 simple moving average (4 hours). A downside break below the $0.65 level could open the doors for a fresh decline toward $0.622. The next major support is near the $0.60 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 $0.692 and $0.650.<\/p>\n

Major Resistance Levels \u2013 $0.720, $0.750, and $0.800.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

MATIC price is recovering from the $0.60 support zone. Polygon might rise further toward the $0.75 and $0.80 resistance levels.<\/em><\/p>\n

MATIC price is attempting a recovery wave above the $0.68 resistance against the US dollar.
\nThe price is trading above $0.70 and the 100 simple moving average (4 hours).
\nThere was a break above a key declining channel with resistance near $0.650 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.720 resistance zone.<\/p>\n

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

After a major decline, Polygon\u2019s price found support near the $0.60 zone. MATIC traded as low as $0.600 and recently started a recovery wave.<\/p>\n

The recent gains in Ethereum<\/a> and Bitcoin<\/a> also helped altcoins such as MATIC and ADA. MATIC was able to climb above the $0.65 and $0.68 resistance levels. Besides, there was a break above a key declining channel with resistance near $0.650 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

The price is now trading above $0.70 and the 100 simple moving average (4 hours). A high is formed near $0.7205 and the price is now consolidating gains.<\/p>\n

It is well above the 23.6% trading above $0.70 and the 100 simple moving average (4 hours).. Immediate resistance is near the $0.720 level. The first major resistance is near the $0.75 level. If there is an upside break above the $0.750 resistance level, the price could continue to rise.<\/p>\n

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

The next major resistance is near $0.78. 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

Downside Correction in MATIC?<\/h2>\n

If MATIC\u2019s price fails to rise above the $0.720 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.692 level.<\/p>\n

The main support is near the $0.65 level or the 50% trading above $0.70 and the 100 simple moving average (4 hours). A downside break below the $0.65 level could open the doors for a fresh decline toward $0.622. The next major support is near the $0.60 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 $0.692 and $0.650.<\/p>\n

Major Resistance Levels \u2013 $0.720, $0.750, and $0.800.<\/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-26287","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\/26287","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=26287"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/26287\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=26287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=26287"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=26287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}