Polygon (MATICUSD) Price to Rise Further Upwards
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Polygon Matic (MATICUSD) Price Forecast: February 20
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 $1.549 value, continuation to the upside is ensured.
Key Levels
Resistance Levels: $1.300, $1.400.00, $1.500
Support Levels: $0.950, $0.850, $0.750
MATIC (USD) Long-term Trend: Bullish (Daily Chart)
Polygon( MATICUSD) is in an upward trend with a bullish sentiment in its long-term perspective. The coin price can be seen above the two EMAs on the daily chart. This is due to the high inflows from the buy traders.
The coin has been having a series of moves by the bulls which has sustained its price to remain strong above the resistance trend levels.
The coin price on the daily chart today is currently facing resistance and trading at the $1.536 correction level. Further, the rising prices reclaimed more confirmation for a bullish recovery.
Further, the MATICUSD price may likely continue in the same bullish trend as the market is pointing up on the daily stochastic. So, the price could be ready very soon for a bullish pattern continuation. In this case, a significant level above the $1.549 supply trend line might be the target soon in its higher time frame.
MATIC (USD) Medium-term Trend: Bullish (4H Chart)
Despite the interference from sellers, the Polygon price still trades in the bullish trend market. Price is trading above the supply trend lines again. This however confirms the presence of more bulls’ impact on the coin. 
The pressure from the bulls to the $1.567 supply level in the previous action has sustained the crypto price above the moving average lines in its recent high.
The price of MATICUSD finds reliable resistance at around the $1.536 supply mark above the two EMAs, resulting in intraday gains as the 4-hourly session resumes today. However, the bullish growth will face a formidable resistance trend line at the aforementioned mark, which may invalidate the selling pressure.
In addition, further upsides are likely as indicated by the price signal pointing upward. This will compel the buy traders to cluster around the market to continue the bullish correction rally fully and this time around the bulls may likely hit the $1.567 previous supply level soon in the medium-term time frame.
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