MATIC/USDT 1DAY UPDATE BY CRYPTO SANDERS
Hello, welcome to this MATIC/USDT 1DAY chart update by CRYPTO SANDERS.
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Polygon (MATIC)
Polygon should consider itself lucky despite losing 4.8% of its valuation in the past week, particularly when compared to ADA or SOL. This is because, at 75 cents currently, MATIC managed to stay far away from its yearly low in June when the price fell to 32 cents.
Nevertheless, pressure is building up as buyers appear to be on the defensive again, trying to keep the cryptocurrency above the key support at $0.74. The price action also shows that a decisive move appears imminent.
Looking ahead, repeated tests of the key support at $0.74 could be interpreted as bearish. If bulls fail to hold here, it would open the way for sellers to take MATIC back toward its June levels in the first half of 2023.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
I have tried to bring the best possible outcome to this chart.
CHART ANALYSIS:-Polygon (MATIC)
Polygon should consider itself lucky despite losing 4.8% of its valuation in the past week, particularly when compared to ADA or SOL. This is because, at 75 cents currently, MATIC managed to stay far away from its yearly low in June when the price fell to 32 cents.
Nevertheless, pressure is building up as buyers appear to be on the defensive again, trying to keep the cryptocurrency above the key support at $0.74. The price action also shows that a decisive move appears imminent.
Looking ahead, repeated tests of the key support at $0.74 could be interpreted as bearish. If bulls fail to hold here, it would open the way for sellers to take MATIC back toward its June levels in the first half of 2023.
This is not a piece of financial advice.
Hit the like button if you like it and share your charts in the comments section.
Thank you
