{"id":32257,"date":"2023-11-10T06:52:38","date_gmt":"2023-11-10T10:52:38","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=32257"},"modified":"2023-11-10T06:52:38","modified_gmt":"2023-11-10T10:52:38","slug":"matic-price-prediction-polygon-pump-15-bulls-target-1","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2023\/11\/10\/matic-price-prediction-polygon-pump-15-bulls-target-1\/","title":{"rendered":"MATIC Price Prediction: Polygon Pump 15%, Bulls Target $1"},"content":{"rendered":"

MATIC price is up over 15% and trading near $0.85. Polygon bulls are in charge, and they might soon aim for a move toward the $1.00 level.<\/em><\/p>\n

MATIC price started a strong increase above the $0.75 resistance against the US dollar.
\nThe price is trading above $0.78 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.775 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.850 and $0.880 resistance levels.<\/p>\n

Polygon Price Signals Breakout<\/h2>\n

After forming a base above the $0.65 level, Polygon\u2019s price started a strong increase. MATIC broke many hurdles near $0.70 to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $0.75 resistance and the price climbed over 15%. Finally, it tested the $0.850 resistance zone. A high was formed near $0.8588 and recently the price saw a downside correction. There was a sharp decline below the $0.820 level.<\/p>\n

The price even spiked below the 50% Fib retracement level of the upward wave from the $0.6952 swing low to the $0.8588 high. However, the bulls remained active above the $0.750 support zone.<\/p>\n

There is also a key bullish trend line forming with support near $0.775 on the 4-hour chart of the MATIC\/USD pair. The trend line is near the 61.8% Fib retracement level of the upward wave from the $0.6952 swing low to the $0.8588 high.<\/p>\n

MATIC is now trading above $0.78 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.850 level. The first major resistance is near the $0.880 level. If there is an upside break above the $0.880 resistance level, the price could continue to rise.<\/p>\n

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

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

The next major resistance is near $0.920. A clear move above the $0.920 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.980 level or $1.00.<\/p>\n

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

If MATIC\u2019s price fails to rise above the $0.850 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.800 level.<\/p>\n

The main support is near the $0.775 level or the trend line. A downside break below the $0.775 level could open the doors for a fresh decline toward $0.720. The next major support is near the $0.700 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 $0.800 and $0.775.<\/p>\n

Major Resistance Levels \u2013 $0.850, $0.880, and $0.980.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

MATIC price is up over 15% and trading near $0.85. Polygon bulls are in charge, and they might soon aim for a move toward the $1.00 level.<\/em><\/p>\n

MATIC price started a strong increase above the $0.75 resistance against the US dollar.
\nThe price is trading above $0.78 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support near $0.775 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise if it clears the $0.850 and $0.880 resistance levels.<\/p>\n

Polygon Price Signals Breakout<\/h2>\n

After forming a base above the $0.65 level, Polygon\u2019s price started a strong increase. MATIC broke many hurdles near $0.70 to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was a move above the $0.75 resistance and the price climbed over 15%. Finally, it tested the $0.850 resistance zone. A high was formed near $0.8588 and recently the price saw a downside correction. There was a sharp decline below the $0.820 level.<\/p>\n

The price even spiked below the 50% Fib retracement level of the upward wave from the $0.6952 swing low to the $0.8588 high. However, the bulls remained active above the $0.750 support zone.<\/p>\n

There is also a key bullish trend line forming with support near $0.775 on the 4-hour chart of the MATIC\/USD pair. The trend line is near the 61.8% Fib retracement level of the upward wave from the $0.6952 swing low to the $0.8588 high.<\/p>\n

MATIC is now trading above $0.78 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.850 level. The first major resistance is near the $0.880 level. If there is an upside break above the $0.880 resistance level, the price could continue to rise.<\/p>\n

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

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

The next major resistance is near $0.920. A clear move above the $0.920 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.980 level or $1.00.<\/p>\n

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

If MATIC\u2019s price fails to rise above the $0.850 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.800 level.<\/p>\n

The main support is near the $0.775 level or the trend line. A downside break below the $0.775 level could open the doors for a fresh decline toward $0.720. The next major support is near the $0.700 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 $0.800 and $0.775.<\/p>\n

Major Resistance Levels \u2013 $0.850, $0.880, and $0.980.<\/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-32257","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\/32257","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=32257"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32257\/revisions"}],"predecessor-version":[{"id":32275,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/32257\/revisions\/32275"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=32257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=32257"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=32257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}