Polygon (MATIC/USD) Market Is Pushing Higher
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Polygon Price Prediction – August 14
It found that the trade worth of Polygon is pushing higher against the valuation of the US fiat currency. The market is currently featuring between the points of $1.015 and $1.040, serving as the low and the high trading value lines. As of the time of writing, price records a minute negative percentage rate of 0.92.
MATIC/USD Market
Key Levels
Resistance levels: $1.20, $1.30, $1.40
Support levels: $0.90, $0.80, $0.70
MATIC/USD – Daily Chart
The MATIC/USD daily chart depicts the crypto-market is pushing higher against the US Dollar’s purchasing power. The bullish channel trend lines have been to ascertain the paths within the price have been going to the upside. As of the moment, the 14-day SMA is at $0.88301508, near above the $0.84254645 value line of the 50-day SMA. The Stochastic Oscillators have crossed northbound from below the range of 40 to the 63.95 and 83.26 range points. A smaller bearish candlestick appears to be in the making to portend a downward motion is in the offing in no time.
Has the MATIC/USD market reached a peak point worthy of sell-offs?
A deeper technical look at the MATIC/USD trade movement over a couple of sessions shows that the price has witnessed a line of range motions at upper trading spots as the crypto market is pushing higher against the US currency. Nevertheless, the favorable trading situation to the upside has been heading toward a more-harder resistance zone that will lead bulls into a pit stop condition. Closely below or around the $1.20 resistance line, the market tends to lose momentum if a long bullish candlestick fails to emerge in the long run.
On the downside of the technical analysis, the MATIC/USD market bears need to exercise some level of captiousness until a line of rejections are seen around the upper bullish channel trend line before reconsidering a selling order. In negation to that assumption, a sudden bounce-off against the $1.20 resistance level may lead the market into another higher resistance spot between the value line and the $1.40 afterward. 
MATIC/BTC Price Analysis
Polygon has kept a bullish-trending capacity outlook against Bitcoin’s pushing ability in the world businesses of crypto economies. In other words, the cryptocurrency pair market is pushing higher to the moon within the trend lines of bullish channels. The 14-day SMA indicator has intercepted the 50-day SMA indicator to the north side. And it is found around the lower bullish trend line. The Stochastic Oscillators have crossed northbound from below the oversold region to positions between 36.53 and 65.52 range values. And they are still pointing toward the north side to indicate a buying moment may have not yet been over.
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