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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 .