{"id":31615,"date":"2023-10-30T05:52:36","date_gmt":"2023-10-30T09:52:36","guid":{"rendered":"https:\/\/cryptocornercafe.com\/cafe\/?p=31615"},"modified":"2023-10-30T05:52:36","modified_gmt":"2023-10-30T09:52:36","slug":"matic-price-prediction-polygon-could-blast-10-to-0-70","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/10\/30\/matic-price-prediction-polygon-could-blast-10-to-0-70\/","title":{"rendered":"MATIC Price Prediction: Polygon Could Blast 10% To $0.70"},"content":{"rendered":"

MATIC price is consolidating gains above the $0.58 support zone. Polygon might gain bullish momentum if it clears the $0.650 resistance zone.<\/em><\/p>\n

MATIC price is showing positive signs below the $0.65 resistance against the US dollar.
\nThe price is trading above $0.60 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with resistance near $0.640 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.640 and $0.650 resistance levels.<\/p>\n

Polygon\u2019s MATIC Price Aims Higher<\/h2>\n

After forming a base above the $0.50 level, Polygon\u2019s price started a steady increase. MATIC broke many hurdles near $0.550 to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $0.60 resistance and the price climbed as high as $0.6646. Recently, there was a minor downside correction below the $0.640 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.5032 swing low to the $0.6646 high.<\/p>\n

MATIC is now trading above $0.60 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $0.640 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

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

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

Immediate resistance is near the $0.640 level. The first major resistance is near the $0.650 level. If there is an upside break above the $0.650 resistance level, the price could continue to rise. The next major resistance is near $0.665. A clear move above the $0.665 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.680 level or $0.700.<\/p>\n

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

If MATIC\u2019s price fails to rise above the $0.640 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.6100 level.<\/p>\n

The main support is near the $0.584 level or the 50% Fib retracement level of the upward move from the $0.5032 swing low to the $0.6646 high. A downside break below the $0.584 level could open the doors for a fresh decline toward $0.550. The next major support is near the $0.532 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 $0.610 and $0.584.<\/p>\n

Major Resistance Levels \u2013 $0.640, $0.650, and $0.700.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

MATIC price is consolidating gains above the $0.58 support zone. Polygon might gain bullish momentum if it clears the $0.650 resistance zone.<\/em><\/p>\n

MATIC price is showing positive signs below the $0.65 resistance against the US dollar.
\nThe price is trading above $0.60 and the 100 simple moving average (4 hours).
\nThere is a key contracting triangle forming with resistance near $0.640 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.640 and $0.650 resistance levels.<\/p>\n

Polygon\u2019s MATIC Price Aims Higher<\/h2>\n

After forming a base above the $0.50 level, Polygon\u2019s price started a steady increase. MATIC broke many hurdles near $0.550 to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $0.60 resistance and the price climbed as high as $0.6646. Recently, there was a minor downside correction below the $0.640 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.5032 swing low to the $0.6646 high.<\/p>\n

MATIC is now trading above $0.60 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $0.640 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

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

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

Immediate resistance is near the $0.640 level. The first major resistance is near the $0.650 level. If there is an upside break above the $0.650 resistance level, the price could continue to rise. The next major resistance is near $0.665. A clear move above the $0.665 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.680 level or $0.700.<\/p>\n

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

If MATIC\u2019s price fails to rise above the $0.640 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.6100 level.<\/p>\n

The main support is near the $0.584 level or the 50% Fib retracement level of the upward move from the $0.5032 swing low to the $0.6646 high. A downside break below the $0.584 level could open the doors for a fresh decline toward $0.550. The next major support is near the $0.532 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 $0.610 and $0.584.<\/p>\n

Major Resistance Levels \u2013 $0.640, $0.650, and $0.700.<\/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-31615","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\/31615","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=31615"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/31615\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=31615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=31615"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=31615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}