Polygon Matic (MATICUSD) Price to Retest the $1.400 Resistance Level
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Polygon Matic (MATICUSD) Price Forecast: February 4
The market price of MATICUSD is facing the upside and may likely retest the $1.400 resistance level soon. Based on the outlook, if the resistance level rises above the $1.304 value, a continuation of the upside is ensured.
Key Levels
Resistance Levels: $1.100, $1.200.00, $1.300
Support Levels: $0.950, $0.850, $0.750
MATIC (USD) Long-term Trend: Bullish (Daily Chart)
Polygon Matic is possibly making its way up after hitting the $1.123 supply level to overcome selling pressure to signal a pump-up. It looks like the price will want to bounce up again in the long term. 
The bulls have sustained the crypto market at the $1.206 supply value in the previous action, this has made it possible for the coin to stay above the trend line and remain stronger.
The cryptocurrency has completed its correction and is now set for upward momentum. The bulls have decided to shift the trend up after a series of lows shortly after today’s daily chart opens.
The pullback at the $1.185 level which further increases to the $1.196 resistance level suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.
Next, there are more bullish runs to come as the market now points upward indicating an uptrend at the present, this suggests that the price of MATICUSD will still definitely rise further above the current supply level soon and may likely hit the $1.400 upper resistance value in the long-term outlook.
MATIC (USD) Medium-term Trend: Bullish (4H Chart)
MATICUSD is currently trading in the bullish trend market in the medium-term outlook. The price currently trades above the two EMAs. This breakout triggers a smooth bull cycle pattern, which in theory, should lead the prices to an overhead trend line. 
The bulls’ pressure on the crypto has sustained the price above the supply trend levels in its recent high.
The bulls could not relent anyway, so, the price movement after dropping to a $1.172 low level shortly after today’s 4-hourly session opening, the price of Polygon Matic jump up to a $1.188 high level. This shows more bulls’ presence and commitment in the market.
If buyers should intensify their efforts, the price might possibly retest the $1.304 supply level and this may extend to a $1.400 high mark in the days ahead in its medium time frame.
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