MATIC has been on a bullish streak over the past week now. Despite the bullish streak, it hasn\u2019t been able to move past the $1 psychological level. Technical indicators have remained bullish on the chart and pointed towards chances of reaching the $1 price ceiling.<\/p>\n
Over the last week, MATIC surged 22% and on the daily chart the coin moved up by 7%. MATIC had managed to touch the $0.97 mark however a small fall in buying strength caused the altcoin to fall on the chart briefly. Buying strength was positive displaying that bullish strength hadn\u2019t faded away.<\/p>\n
A pullback can bring MATIC down to the $0.77 level. If buying strength remains consistent, then the coin can attempt to break above the psychological price ceiling of $1. At press time, MATIC had secured itself above the $0.75 support line.<\/p>\n
The global cryptocurrency market cap today was at $1.09 Trillion, a 2.6% positive change in the last 24 hours.<\/p>\n
MATIC Price Analysis: Four Hour Chart The altcoin was trading at $0.87 at the time of writing. The coin had briefly touched the $0.97 mark but was met with selling pressure. Overhead resistance for the coin stood at $0.92, a move above which could force MATIC to touch the $1.<\/p>\n Local support for the coin stood at $0.77, fall from that level will cause MATIC to reach $0.60. The amount of MATIC traded over the last trading session fell slightly which indicated that buying strength fell on the chart.<\/p>\n MATIC displayed positive buying strength on the four hour chart | Source: MATICUSD on TradingView<\/a><\/p>\n The altcoin had visited the overbought zone a couple of times, however as the coin fell in value buying strength dipped. At the time of writing, buying strength remained more than selling strength.<\/p>\n The Relative Strength Index was pictured above the half-line which meant that buyers were more in number.<\/p>\n Price of the altcoin was above the 20-SMA line which meant that the buyers drove the price momentum in the market. This was a sign of bullishness for the altcoin.<\/p>\n Related Reading | Bitcoin Funding Rate Remains Positive, More Decline Soon?<\/a><\/p>\n MATIC displayed sell signal on the four hour chart | Source: MATICUSD on TradingView<\/a><\/p>\n The altcoin registered a small dip in buying strength and the technical indicator displayed the same. The Moving Average Convergence Divergence depicts the price momentum and change in that. MACD underwent a bearish crossover and formed red signal bars.<\/p>\n These red signal bars represent sell signal for the altcoin. Awesome Oscillator portrays the price trend and also points towards chances of a reversal, the green signal bars still represent bullish strength.<\/p>\n If the coin continues to keep up with the pace then buying strength has to support the coin. Broader market strength shall also help MATIC to achieve its psychological target of $1.<\/p>\n Suggested Reading | Polygon (MATIC) Looks Set For A Retracement After Recent Gains<\/a><\/p>\n Featured image from The Face, chart from TradingView.com<\/a><\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n MATIC has been on a bullish streak over the past week now. Despite the bullish streak, it hasn\u2019t been able to move past the $1 psychological level. Technical indicators have remained bullish on the chart and pointed towards chances of reaching the $1 price ceiling.<\/p>\n Over the last week, MATIC surged 22% and on the daily chart the coin moved up by 7%. MATIC had managed to touch the $0.97 mark however a small fall in buying strength caused the altcoin to fall on the chart briefly. Buying strength was positive displaying that bullish strength hadn\u2019t faded away.<\/p>\n A pullback can bring MATIC down to the $0.77 level. If buying strength remains consistent, then the coin can attempt to break above the psychological price ceiling of $1. At press time, MATIC had secured itself above the $0.75 support line.<\/p>\n The global cryptocurrency market cap today was at $1.09 Trillion, a 2.6% positive change in the last 24 hours.<\/p>\n MATIC Price Analysis: Four Hour Chart The altcoin was trading at $0.87 at the time of writing. The coin had briefly touched the $0.97 mark but was met with selling pressure. Overhead resistance for the coin stood at $0.92, a move above which could force MATIC to touch the $1.<\/p>\n Local support for the coin stood at $0.77, fall from that level will cause MATIC to reach $0.60. The amount of MATIC traded over the last trading session fell slightly which indicated that buying strength fell on the chart.<\/p>\n MATIC displayed positive buying strength on the four hour chart | Source: MATICUSD on TradingView<\/a><\/p>\n The altcoin had visited the overbought zone a couple of times, however as the coin fell in value buying strength dipped. At the time of writing, buying strength remained more than selling strength.<\/p>\n The Relative Strength Index was pictured above the half-line which meant that buyers were more in number.<\/p>\n Price of the altcoin was above the 20-SMA line which meant that the buyers drove the price momentum in the market. This was a sign of bullishness for the altcoin.<\/p>\n Related Reading | Bitcoin Funding Rate Remains Positive, More Decline Soon?<\/a><\/p>\n MATIC displayed sell signal on the four hour chart | Source: MATICUSD on TradingView<\/a><\/p>\n The altcoin registered a small dip in buying strength and the technical indicator displayed the same. The Moving Average Convergence Divergence depicts the price momentum and change in that. MACD underwent a bearish crossover and formed red signal bars.<\/p>\n These red signal bars represent sell signal for the altcoin. Awesome Oscillator portrays the price trend and also points towards chances of a reversal, the green signal bars still represent bullish strength.<\/p>\n If the coin continues to keep up with the pace then buying strength has to support the coin. Broader market strength shall also help MATIC to achieve its psychological target of $1.<\/p>\n Suggested Reading | Polygon (MATIC) Looks Set For A Retracement After Recent Gains<\/a><\/p>\n
\n MATIC was priced at $0.87 on the four hour chart | Source: MATICUSD on TradingView<\/a><\/p>\n
\n MATIC was priced at $0.87 on the four hour chart | Source: MATICUSD on TradingView<\/a><\/p>\n