Trendline breakout on the daily timeframe| looking strong ATM
If you find the analysis useful, please like and share our ideas with the community. Any feedback and suggestions would help in further improving the analysis!
Quick glance: As of now, MATIC jumped higher by approximately 13.6%. MATIC gave a brilliant trendline breakout on the daily timeframe. In our last analysis on MATIC, we predicted a 30% up-move for the week. MATIC reached that level and even higher in less than 1 week.
Market in the last 24hrs
The last 24 hours were a great session for the crypto spectrum after Bitcoin’s rally. MATIC shot up almost 14% and comfortably breaching the $1 level.
Today’s Trend analysis
MATIC is comfortably poised around the current price point of $1.06. Traded volume is still on the lower side. We could likely witness some consolidation over the next 24 hours.
Price at the time of publishing: $1.064
MATIC's market cap: $6.90 Billion
Volumes have bumped up over the past 24 hours.
----------------------------------------------------------------------------------------
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 24-hour candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
Quick glance: As of now, MATIC jumped higher by approximately 13.6%. MATIC gave a brilliant trendline breakout on the daily timeframe. In our last analysis on MATIC, we predicted a 30% up-move for the week. MATIC reached that level and even higher in less than 1 week.
Market in the last 24hrs
The last 24 hours were a great session for the crypto spectrum after Bitcoin’s rally. MATIC shot up almost 14% and comfortably breaching the $1 level.
Today’s Trend analysis
MATIC is comfortably poised around the current price point of $1.06. Traded volume is still on the lower side. We could likely witness some consolidation over the next 24 hours.
Price at the time of publishing: $1.064
MATIC's market cap: $6.90 Billion
- Out of 11 Oscillator indicators, 8 are neutral, none are bearish and 3 are bullish.
- Out of 15 Moving average indicators, 1 is 'NEUTRAL', 3 are bearish and 9 are bullish.
- Indicator summary is giving a ‘BUY’ signal on MATICUSD .
Volumes have bumped up over the past 24 hours.
----------------------------------------------------------------------------------------
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 24-hour candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Keep supporting:)
-Mudrex
