MATIC / USDT 1D chart Resistance and Support
Hello everyone, let's look at the MATIC to USDT chart on a 1 day time frame. as you can see, the price, after a fairly large drop, started to return along the uptrend line and gave an increase of 227%, and then began to move in the sideways trend channel.
Now let's look at what supports MATIC has on its way and we see that we have the first support at $0.81, the second support at $0.70 and the third support at $0.53.
Looking the other way, we will check resistance points for the price that we should take into account in the longer term. The first resistance is at $1.03, the second at $1.20 and the third at $1.45.
It is also worth marking the local uptrend line above which the price is still holding.
As you can see, the CHOP index indicates that the energy is highly charged, the MACD indicates that we are in an uptrend, and the RSI shows that we are in the middle of the range, which may indicate a further sideways trend.
Now let's look at what supports MATIC has on its way and we see that we have the first support at $0.81, the second support at $0.70 and the third support at $0.53.
Looking the other way, we will check resistance points for the price that we should take into account in the longer term. The first resistance is at $1.03, the second at $1.20 and the third at $1.45.
It is also worth marking the local uptrend line above which the price is still holding.
As you can see, the CHOP index indicates that the energy is highly charged, the MACD indicates that we are in an uptrend, and the RSI shows that we are in the middle of the range, which may indicate a further sideways trend.