MATIC/USDT Could MATIC back to break resist or back to demand ?

💎 MATIC has recently experienced significant developments in the market. Currently, MATIC has displayed strength by bouncing from the demand area, which previously acted as a supply zone. Moreover, it has successfully broken out of a descending channel pattern.

💎 If this breakout is valid, there is potential for MATIC to continue its upward trajectory and attempt to break through the resistance area. Breaking this resistance is essential because a successful breakout, probability could pave the way for MATIC to reach our target at the Bearish OB area.

💎 However, if MATIC fails to sustain its upward momentum and experiences a false breakout, there is the possibility that the price will retreat to the demand area to establish a new bullish momentum.

💎 The demand area holds significant importance, as a breakdown from this level could signal a return to bearish sentiment, potentially driving the price back towards the strong support area.