Polygon (MATIC/USD) Price Beefs up Energy From $0.70
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Polygon Price Prediction – October 2
There has been a major setback in the buying activities of the MATIC/USD market operation in the recent past as the crypto’s price now beefs up energy from the $0.70 trading line. The positivity of the trading index shows the market trades at a minute percentage rate of 0.78 within the value lines of $0.776 and $0.767 as of the time of writing.
MATIC/USD Market
Key Levels
Resistance levels: $0.85, $0.95, $1.05
Support levels: $0.70, $0.65, $0.60
MATIC/USD – Daily Chart
The MATIC/USD daily chart showcases that the crypto beefs energy from the $0.70 support level to the closely average trend line of the smaller SMA. The 50-day SMA indicator is at $0.821, above the 14-day SMA indicator, which is at the value point of $0.788. The lower horizontal line drawn at the support level mentioned earlier is the pivotal zone against any declining motion that may re-occur in the crypto business arena afterward. The Stochastic Oscillators are in the overbought region, seemingly attempting to close their lines at the 94.66 and 92.07 range value.
Can the MATIC/USD market bulls push for more ups away from its current trading spot in the following operations?
The probability potency index of the MATIC/USD market bulls to push for more ups away from its current trading zone in the operations lacks a firm stance, even though the crypto market has shown signs of beefing up energy from the $0.70 line lately. At this point, buyers may need to be cautious of some declines that can surface beneath the trend lines of the SMAs to allow the crypto trade to rebuild a pattern that will proffer another round of buying sprees execution outlook.
On the downside of the technical analysis, the MATIC/USD market bears are on the verge of combining muscles to resist any significant northward pushes around the value points of the trading SMA trend lines soon than later. In addition to that sentiment effect, the main retard-trading line is around the $0.90 level. A sudden breakout of the value line may not sustain Sellers will have to be alert when any active reversal of an upward-trending move at a high-resistance trading zone before considering the exertion of a sell order.
MATIC/BTC Price Analysis
In comparison, Polygon has remained to push firmly in ranges at a high-trading area around the smaller SMA trend line. The pairing crypto market has continued to beef up energy over the trend line of the bigger SMA over a long period. The 14-day SMA indicator is above the 50-day SMA indicator. And the bullish trend line is drawn, backing the supportive outlook of the later SMA. The Stochastic Oscillators are north bounding in the overbought region at 80.19 and 95.90 range values. That signifies a buying moment is feebly ongoing.
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