{"id":510720,"date":"2022-12-01T00:38:38","date_gmt":"2022-12-01T05:38:38","guid":{"rendered":"https:\/\/ktsl888.com\/?p=510720"},"modified":"2024-06-11T13:11:43","modified_gmt":"2024-06-11T13:11:43","slug":"matic-price-prediction-rally-1-12","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/matic-price-prediction-rally-1-12\/","title":{"rendered":"MATIC Price Prediction: Bulls Aim Fresh Rally To $1.12"},"content":{"rendered":"<p><em>MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone.<\/em><\/p>\n<ul>\n<li>MATIC price started a decent increase above the $0.90 resistance against the US dollar.<\/li>\n<li>The price is trading above $0.90 and the 100 simple moving average (4-hours).<\/li>\n<li>There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise towards the $1.00 and $1.12 resistance levels.<\/li>\n<\/ul>\n<h2>Polygon\u2019s MATIC Price Eyes Steady Increase<\/h2>\n<p>This past month, polygon\u2019s price declined below the $1.0 support zone. MATIC even broke the $0.85 support zone and the 100 simple moving average (4-hours).<\/p>\n<p>However, the bulls were active near the $0.765 support zone. A low was formed near $0.7642 and the price started a decent recovery wave. The price was able to clear the $0.80 and $0.85 resistance levels. There was a break above the 23.6% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low.<\/p>\n<p>Besides, there was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair. The pair is now trading above $0.90 and the 100 simple moving average (4-hours).<\/p>\n<p>It gained over 5% today, outperforming <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-price-clears-17k\/\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-lift-off-to-1400\/\" target=\"_blank\" rel=\"noopener \">ethereum<\/a>. On the upside, an immediate resistance is near the $0.9580 level. The first major resistance is forming near the $1.00 zone. It is near the 50% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low.<\/p>\n<p><a href=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-510721\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?resize=1834%2C845\" alt=\"Polygon\u2019s MATIC Price Chart\" width=\"1834\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?w=1834 1834w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/MATICUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">MATICUSD on TradingView.com<\/a><\/p>\n<p>If there is an upside break above the $0.98 and $1.00 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.12 level.<\/p>\n<h2>Dips Limited in MATIC?<\/h2>\n<p>If MATIC price rise above the $0.958 and $1.00 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.90 level.<\/p>\n<p>The main support is near the $0.850 level and the 100 simple moving average (4-hours). A downside break below the $0.850 level could open the doors for a fresh decline towards $0.80. The next major support is near the $0.725 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now in the overbought zone.<\/p>\n<p>Major Support Levels \u2013 $0.90 and $0.85.<\/p>\n<p>Major Resistance Levels \u2013 $0.95, $0.98 and $1.00.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone. MATIC price started a decent increase above the $0.90 resistance against the US dollar. The price is trading above $0.90 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken). The pair could continue to rise towards the $1.00 and $1.12 resistance levels. Polygon\u2019s MATIC Price Eyes Steady Increase This past month, polygon\u2019s price declined below the $1.0 support zone. MATIC even broke the $0.85 support zone and the 100 simple moving average (4-hours). However, the bulls were active near the $0.765 support zone. A low was formed near $0.7642 and the price started a decent recovery wave. The price was able to clear the $0.80 and $0.85 resistance levels. There was a break above the 23.6% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Besides, there was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair. The pair is now trading above $0.90 and the 100 simple moving average (4-hours). It gained over 5% today, outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $0.9580 level. The first major resistance is forming near the $1.00 zone. It is near the 50% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Source: MATICUSD on TradingView.com If there is an upside break above the $0.98 and $1.00 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.12 level. Dips Limited in MATIC? If MATIC price rise above the $0.958 and $1.00 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.90 level. The main support is near the $0.850 level and the 100 simple moving average (4-hours). A downside break below the $0.850 level could open the doors for a fresh decline towards $0.80. The next major support is near the $0.725 level. Technical Indicators 4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now in the overbought zone. Major Support Levels \u2013 $0.90 and $0.85. Major Resistance Levels \u2013 $0.95, $0.98 and $1.00.<\/p>\n","protected":false},"author":67,"featured_media":510722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1558,40670,87091,87092,76656,79614,83584,86787],"class_list":["post-510720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency","tag-matic","tag-matic-price-analysis","tag-matic-technical-analysis","tag-maticusd","tag-maticusdt","tag-polygon","tag-polygon-matic"],"acf":[],"yoast_head":"\n<title>MATIC Price Prediction: Bulls Aim Fresh Rally To $1.12<\/title>\n<meta name=\"description\" content=\"MATIC price started a fresh increase from the $0.765 support zone. 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