#MATIC Dumped, What's Next?

In this publication I want to talk about the future, not about the past. There are many traders who didn't hold the asset or just sold their positions right before or during the dump. There are also people who were interested in buying the asset, they form a support now. If we stay above the support - we grow, if we stay below the resistance - we fall. Currently, the price jumped from the strongest support of 160 sats and reached the level of 300 sats.

Overall reaction to the dump is positive, but the impulse still not that strong to show that the buyers are strong enough. Now we should watch how the price acts. If #MATIC goes above the 300 sats level and takes hold there - we can expect a further growth. If the price goes below the 230 sats support, we would expect the one to fall down to 160 sats support from where all purchases will be in priority.

Not a signal, just a requested analysis.