MATIC price started a steady increase from the $0.720 support zone. Polygon buyers might now aim a push towards the key $1.00 resistance.<\/p>\n
MATIC price is gaining pace above the $0.80 level against the US dollar.
\nThe price is trading well above $0.800 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise and might soon test the $1.00 resistance zone.<\/p>\n
Polygon Price Starts Fresh Increase<\/p>\n
After a major decline, polygon\u2019s price found support near the $0.720 zone. MATIC price formed a base above the $0.720 level and started a steady increase.<\/p>\n
There was a clear move above the $0.755 and $0.788 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.8602 swing high to $0.7147 low. There was also a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC\/USD pair.<\/p>\n
The price is now trading well above $0.800 and the 100 simple moving average (4-hours). It is also showing positive signs above the last swing high at $0.8602, just like bitcoin<\/a> and ethereum<\/a>.<\/p>\n On the upside, an immediate resistance is near the $0.895 zone. The first major resistance is forming near the $0.950 zone. It is close to the 1.618 Fib extension level of the downward move from the $0.8602 swing high to $0.7147 low.<\/p>\n <\/a><\/p>\n Source: MATICUSD on TradingView.com<\/a><\/p>\n The main resistance is now forming near the $1.000 level. If there is an upside break above the $0.950 and $1.00 resistance levels, the price could start a strong increase. In the stated case, the price could rise steadily towards the $1.12 level.<\/p>\n Fresh Decline in MATIC?<\/p>\n If MATIC price fails to continue higher above the $0.90 or $0.95 levels, it could start a downside correction. An immediate support on the downside is near the $0.840 level.<\/p>\n The main support is near the $0.800 level and the 100 simple moving average (4-hours). A downside break below the $0.800 level could open the doors for a fresh decline towards $0.750. The next major support is near the $0.720 level.<\/p>\n Technical Indicators<\/p>\n 4-hours MACD \u2013 The MACD for MATIC\/USD is slowly 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 $0.840 and $0.800.<\/p>\n Major Resistance Levels \u2013 $0.900, $0.950 and $1.00.<\/p>","protected":false},"excerpt":{"rendered":" <\/p>\n MATIC price started a steady increase from the $0.720 support zone. Polygon buyers might now aim a push towards the key $1.00 resistance.<\/p>\n MATIC price is gaining pace above the $0.80 level against the US dollar. Polygon Price Starts Fresh Increase<\/p>\n After a major decline, polygon\u2019s price found support near the $0.720 zone. MATIC price formed a base above the $0.720 level and started a steady increase.<\/p>\n There was a clear move above the $0.755 and $0.788 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.8602 swing high to $0.7147 low. There was also a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC\/USD pair.<\/p>\n The price is now trading well above $0.800 and the 100 simple moving average (4-hours). It is also showing positive signs above the last swing high at $0.8602, just like bitcoin<\/a> and ethereum<\/a>.<\/p>\n On the upside, an immediate resistance is near the $0.895 zone. The first major resistance is forming near the $0.950 zone. It is close to the 1.618 Fib extension level of the downward move from the $0.8602 swing high to $0.7147 low.<\/p>\n
\nThe price is trading well above $0.800 and the 100 simple moving average (4-hours).
\nThere was a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could continue to rise and might soon test the $1.00 resistance zone.<\/p>\n
![<\/a><\/p>\nSource: MATICUSD on TradingView.com<\/a><\/p>\nThe main resistance is now forming near the $1.000 level. If there is an upside break above the $0.950 and $1.00 resistance levels, the price could start a strong increase. In the stated case, the price could rise steadily towards the $1.12 level.<\/p>\nFresh Decline in MATIC?<\/p>\nIf MATIC price fails to continue higher above the $0.90 or $0.95 levels, it could start a downside correction. An immediate support on the downside is near the $0.840 level.<\/p>\nThe main support is near the $0.800 level and the 100 simple moving average (4-hours). A downside break below the $0.800 level could open the doors for a fresh decline towards $0.750. The next major support is near the $0.720 level.<\/p>\nTechnical Indicators<\/p>\n4-hours MACD \u2013 The MACD for MATIC\/USD is slowly gaining momentum in the bullish zone.<\/p>\n4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $0.840 and $0.800.<\/p>\nMajor Resistance Levels \u2013 $0.900, $0.950 and $1.00.<\/p>","protected":false},"excerpt":{"rendered":"<\/p>\nMATIC price started a steady increase from the $0.720 support zone. Polygon buyers might now aim a push towards the key $1.00 resistance.<\/p>\nMATIC price is gaining pace above the $0.80 level against the US dollar.\nThe price is trading well above $0.800 and the 100 simple moving average (4-hours).\nThere was a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).\nThe pair could continue to rise and might soon test the $1.00 resistance zone.<\/p>\nPolygon Price Starts Fresh Increase<\/p>\nAfter a major decline, polygon\u2019s price found support near the $0.720 zone. MATIC price formed a base above the $0.720 level and started a steady increase.<\/p>\nThere was a clear move above the $0.755 and $0.788 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.8602 swing high to $0.7147 low. There was also a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC\/USD pair.<\/p>\nThe price is now trading well above $0.800 and the 100 simple moving average (4-hours). It is also showing positive signs above the last swing high at $0.8602, just like bitcoin<\/a> and ethereum<\/a>.<\/p>\nOn the upside, an immediate resistance is near the $0.895 zone. The first major resistance is forming near the $0.950 zone. It is close to the 1.618 Fib extension level of the downward move from the $0.8602 swing high to $0.7147 low.<\/p>\n<\/a><\/p>\nSource: MATICUSD on TradingView.com<\/a><\/p>\nThe main resistance is now forming near the $1.000 level. If there is an upside break above the $0.950 and $1.00 resistance levels, the price could start a strong increase. In the stated case, the price could rise steadily towards the $1.12 level.<\/p>\nFresh Decline in MATIC?<\/p>\nIf MATIC price fails to continue higher above the $0.90 or $0.95 levels, it could start a downside correction. An immediate support on the downside is near the $0.840 level.<\/p>\nThe main support is near the $0.800 level and the 100 simple moving average (4-hours). A downside break below the $0.800 level could open the doors for a fresh decline towards $0.750. The next major support is near the $0.720 level.<\/p>\nTechnical Indicators<\/p>\n4-hours MACD \u2013 The MACD for MATIC\/USD is slowly gaining momentum in the bullish zone.<\/p>\n4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\nMajor Support Levels \u2013 $0.840 and $0.800.<\/p>\nMajor Resistance Levels \u2013 $0.900, $0.950 and $1.00.<\/p>\n<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-9994","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\/9994","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=9994"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/9994\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=9994"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=9994"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=9994"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}](\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2022\/10\/Polygoin-MATIC-Price.png\"){kind=link}