Polygon (MATIC/USD) Price Maintains a Decline in Lower Lows
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Polygon Price Prediction – January 1
Polygon market’s price maintains a decline in lower lows against the trading worth of the US Dollar. Over several bargaining hours into the hours of today, the price has been between $0.759 and $0.747 value lines at an average percentage rate of 0.40 negative.
MATIC/USD Market
Key Levels
Resistance levels: $0.85, $0.90, $0.95
Support levels: $0.70, $0.65, $0.60
MATIC/USD – Daily Chart
The daily chart reveals that the MATIC/USD price maintains a decline in lower lows, approaching the support level of $0.70. As of this writing, the market features a positive response to a force inflicted by bears tightly below the value points of the SMAs. The 14-day SMA indicator is at $0.818 point beneath the $0.856 value line of the 50-day SMA indicator. The Stochastic oscillators have crossed southbound to touch 9.12 and 0.00 levels. And that implies the counter-trading crypto is still somewhat inflicting a depression upon its base crypto.
What is the MATIC/USD market’s likely lower low point, considering its current outlook?
There may still be room for the MATIC/USD market traders to push down further to the $0.70 support level as the price maintains a decline in lower lows. In the wake of that condition, tending to prolong more long-position placers will have to be cautious of exerting positions abruptly without having a rebound that can actively produce an opposing signal against getting a re-occurrent loss of momentum to the downside below the trading spot of the SMA trend lines.
On the downside of the technical analysis, as there has been a continual holding of fall-offs in a lower low style over time, sellers should be wary of any eventual emergence of a bullish candlestick at a deep lower-trading zone toward the $0.70 support level. Price holds down in the south as things stand, though, the downward momentum does not appear to be about to undergo a substantial alteration. Reduced LowsThe reading posture of the Stochastic Oscillators from the oversold region will play a role when they intend to close or clog the lines.
MATIC/BTC Price Analysis
Polygon, in contrast, against the trending ability of Bitcoin on the price analysis chart indicates the pairing crypto’s price maintains a decline in lower lows underneath the trend lines. The 14-day SMA indicator has closely bent southward near the 50-day SMA indicator. The Stochastic Oscillators portend traveling mode to the southbound, maintaining 10.34 and 0.00 levels. Indications still suggest the base crypto economy is on a course of debasing, pairing with the trending weight of the counter-trading crypto.
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