On the Daily Time Frame, Matic is currently trading at its 20 DEMA. If this support level breaks, the level of $1.47 followed by $1.30 (50 DEMA) will likely act as a support level to the lower side.
On the higher side, a Resistance trendline can be drawn connecting the recent two highs. Thus, the level of $1.95 will likely act as resistance. A close above the trendline will trigger the price to the level of $2.2 and $2.47 respectively.
With the leaders of the crypto space such as Sushiswap, Aave partnering with Polygon, the shift of IDO platforms such as Polkastarter, Dodo and Poolz and the rising trend of projects from all verticals- NFT, DeFi, developing on Polygon, Matic is set to gain its position in the top 10 crypto projects.
On the higher side, a Resistance trendline can be drawn connecting the recent two highs. Thus, the level of $1.95 will likely act as resistance. A close above the trendline will trigger the price to the level of $2.2 and $2.47 respectively.
With the leaders of the crypto space such as Sushiswap, Aave partnering with Polygon, the shift of IDO platforms such as Polkastarter, Dodo and Poolz and the rising trend of projects from all verticals- NFT, DeFi, developing on Polygon, Matic is set to gain its position in the top 10 crypto projects.