{"id":36227,"date":"2024-02-19T04:52:43","date_gmt":"2024-02-19T08:52:43","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=36227"},"modified":"2024-02-19T04:52:43","modified_gmt":"2024-02-19T08:52:43","slug":"matic-price-prediction-polygon-rallies-to-1-and-bulls-are-not-done-yet","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2024\/02\/19\/matic-price-prediction-polygon-rallies-to-1-and-bulls-are-not-done-yet\/","title":{"rendered":"MATIC Price Prediction: Polygon Rallies To $1 and Bulls Are Not Done Yet"},"content":{"rendered":"

MATIC price is up over 10% and it tested the $1.00 resistance. Polygon bulls are in full control, and they might aim for more upsides above $1.00.<\/em><\/p>\n

MATIC price started a fresh increase above the $0.850 resistance against the US dollar.
\nThe price is trading above $0.95 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support at $0.958 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to move up if it clears the $1.00 resistance.<\/p>\n

Polygon Price Starts Fresh Surge<\/h2>\n

After forming a base above the $0.80 level, Polygon\u2019s price started a fresh increase. MATIC cleared many hurdles near $0.880 and $0.900 to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was also a move above the $0.92 resistance and the 100 simple moving average (4 hours). Finally, it tested the $1.00 resistance. A multi-week high is formed near $1.000 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.8185 swing low to the $1.00 high.<\/p>\n

MATIC is trading above $0.950 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.958 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

Immediate resistance is near the $0.995 zone. The first major resistance is near the $1.00 level. If there is an upside break above the $1.00 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 $1.08. A clear move above the $1.08 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $1.120 level or $1.150.<\/p>\n

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

If MATIC\u2019s price fails to rise above the $1.00 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.955 level and the trend line.<\/p>\n

The main support is near the $0.900 level or the 50% Fib retracement level of the upward move from the $0.8185 swing low to the $1.00 high. A downside break below the $0.900 level could open the doors for a fresh decline toward $0.850. The next major support is near the $0.800 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 $0.955 and $0.900.<\/p>\n

Major Resistance Levels \u2013 $1.00, $1.08, and $1.12.<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

MATIC price is up over 10% and it tested the $1.00 resistance. Polygon bulls are in full control, and they might aim for more upsides above $1.00.<\/em><\/p>\n

MATIC price started a fresh increase above the $0.850 resistance against the US dollar.
\nThe price is trading above $0.95 and the 100 simple moving average (4 hours).
\nThere is a key bullish trend line forming with support at $0.958 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to move up if it clears the $1.00 resistance.<\/p>\n

Polygon Price Starts Fresh Surge<\/h2>\n

After forming a base above the $0.80 level, Polygon\u2019s price started a fresh increase. MATIC cleared many hurdles near $0.880 and $0.900 to move into a positive zone, like Bitcoin<\/a> and Ethereum<\/a>.<\/p>\n

There was also a move above the $0.92 resistance and the 100 simple moving average (4 hours). Finally, it tested the $1.00 resistance. A multi-week high is formed near $1.000 and the price is now consolidating gains above the 23.6% Fib retracement level of the upward move from the $0.8185 swing low to the $1.00 high.<\/p>\n

MATIC is trading above $0.950 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support at $0.958 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n

Immediate resistance is near the $0.995 zone. The first major resistance is near the $1.00 level. If there is an upside break above the $1.00 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 $1.08. A clear move above the $1.08 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $1.120 level or $1.150.<\/p>\n

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

If MATIC\u2019s price fails to rise above the $1.00 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.955 level and the trend line.<\/p>\n

The main support is near the $0.900 level or the 50% Fib retracement level of the upward move from the $0.8185 swing low to the $1.00 high. A downside break below the $0.900 level could open the doors for a fresh decline toward $0.850. The next major support is near the $0.800 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 $0.955 and $0.900.<\/p>\n

Major Resistance Levels \u2013 $1.00, $1.08, and $1.12.<\/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-36227","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\/36227","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=36227"}],"version-history":[{"count":1,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36227\/revisions"}],"predecessor-version":[{"id":36230,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/36227\/revisions\/36230"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=36227"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=36227"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=36227"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}