Market in the last 24hrs MATICUSD saw a continuous downward trend with prices moving from middle to bottom Bollinger band. Trading volume has been high in the last 24 hours. We can see the volume increasing with a decrease in price suggesting the setting of the bearish trend.
Today’s Trend analysis MATICUSD is expected to continue the current bearish trend for the next 24 hours. We can expect to see some consolidation once the price accepts the bottom Bollinger band as a support line.
Price volatility was high at approximately 9.01%, with the day's range between $0.858 — $0.959. Price at the time of publishing: $0.862 MATIC’s market cap: $5.49 Billion
However, the Indicator summary is giving a 'SELL' signal on MATICUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true. ----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles. ---------------------------------------------------------------------------------------- Any feedback and suggestions would help in further improving the analysis!
Hoping to see MATIC turn it around soon, been nothing but disappointment since the initial spikes in May.
Mudrex
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@ryan_fw, Agreed. Sometimes it's just better to ignore the technicals and instead look at the fundamentals. We are in the same boat, my friend. hopefully, we will see a great turnaround soon
Helical_Trades
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Yes it looks good 🦐
ProjectSyndicate
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excellent summary and setups today
Mihai_Iacob
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Nice and clear creation
pablovip3
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Matic where is the bottom for U now?
Mudrex
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@pablovip3, haha it's going down even more now. trade safe
ppurama
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@Mudrex where are we going? It is 0.7 now, do you see bullishness?
ppurama
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These are useless analysis, matrix has been on the down side for 2 months and I don’t see future for it.
Mudrex
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@ppurama, Why such a pessiimist brother? If you're in for the long haul, it shouldn't matter if a crypto is consolidating for some time. Always remember that consolidations, more often than not, pave the way for a bull run. Consolidations weed out the bad actors, who are in for making some quick bucks.
For those categories of people, there are coins such as Baby Doge etc. These coins keep waiting for baba Elon tweets to go up