{"id":539075,"date":"2023-06-22T04:00:10","date_gmt":"2023-06-22T04:00:10","guid":{"rendered":"https:\/\/ktsl888.com\/?p=539075"},"modified":"2024-06-11T14:37:53","modified_gmt":"2024-06-11T14:37:53","slug":"matic-price-prediction-polygon-0-75","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/matic-price-prediction-polygon-0-75\/","title":{"rendered":"MATIC Price Prediction: Polygon Signals Recovery To $0.75"},"content":{"rendered":"<p><em>MATIC price is recovering from the $0.55 support zone. Polygon might rise further toward the $0.725 and $0.750 resistance levels.<\/em><\/p>\n<ul>\n<li>MATIC price is attempting a recovery wave above the $0.60 resistance against the US dollar.<\/li>\n<li>The price is trading above $0.64 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $0.725 resistance zone.<\/li>\n<\/ul>\n<h2>Polygon\u2019s MATIC Price Attempts Recovery<\/h2>\n<p>In the past few days, Polygon\u2019s price saw a major decline from well above $0.80. MATIC declined below the $0.750 support to move into a bearish zone.<\/p>\n<p>A low is formed near $0.5432 and the price is now attempting a fresh increase, similar to <a href=\"https:\/\/ktsl888.com\/analysis\/btc\/bitcoin-bulls-pushing-30k\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bitcoin<\/a> and <a href=\"https:\/\/ktsl888.com\/analysis\/eth\/ethereum-price-follows-bitcoin-2000\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Ethereum<\/a>. The price was able to climb above $0.60. Besides, there was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n<p>It broke the 23.6% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low. MATIC price is now trading above $0.64 and the 100 simple moving average (4 hours). It is now facing resistance near the $0.725 level.<\/p>\n<p>If there is an upside break above the $0.725 resistance level or the 50% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low, the price could continue to recover. The next major resistance is near $0.78.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-539076\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?resize=1835%2C845\" alt=\"MATIC Price Prediction\" width=\"1835\" height=\"845\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?w=1835 1835w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?w=460 460w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?w=768 768w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?w=860 860w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?w=1536 1536w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?w=750 750w, https:\/\/ktsl888.com\/wp-content\/uploads\/2023\/06\/MATIC.png?w=1140 1140w\" sizes=\"(max-width: 1000px) 100vw, 1000px\"><\/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>A clear move above the $0.78 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.80 level or $0.82.<\/p>\n<h2>Fresh Decline in MATIC?<\/h2>\n<p>If MATIC\u2019s price fails to rise above the $0.725 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.65 level.<\/p>\n<p>The main support is near the $0.625 level. A downside break below the $0.625 level could open the doors for a fresh decline toward $0.60. The next major support is near the $0.55 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 above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.65 and $0.625.<\/p>\n<p>Major Resistance Levels \u2013 $0.725, $0.75, and $0.78.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MATIC price is recovering from the $0.55 support zone. Polygon might rise further toward the $0.725 and $0.750 resistance levels. MATIC price is attempting a recovery wave above the $0.60 resistance against the US dollar. The price is trading above $0.64 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken). The pair could continue to rise if it clears the $0.725 resistance zone. Polygon\u2019s MATIC Price Attempts Recovery In the past few days, Polygon\u2019s price saw a major decline from well above $0.80. MATIC declined below the $0.750 support to move into a bearish zone. A low is formed near $0.5432 and the price is now attempting a fresh increase, similar to Bitcoin and Ethereum. The price was able to climb above $0.60. Besides, there was a break above a key bearish trend line with resistance near $0.605 on the 4-hour chart of the MATIC\/USD pair. It broke the 23.6% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low. MATIC price is now trading above $0.64 and the 100 simple moving average (4 hours). It is now facing resistance near the $0.725 level. If there is an upside break above the $0.725 resistance level or the 50% Fib retracement level of the downward move from the $0.9067 swing high to the $0.5432 low, the price could continue to recover. The next major resistance is near $0.78. Source: MATICUSD on TradingView.com A clear move above the $0.78 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.80 level or $0.82. Fresh Decline in MATIC? If MATIC\u2019s price fails to rise above the $0.725 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.65 level. The main support is near the $0.625 level. A downside break below the $0.625 level could open the doors for a fresh decline toward $0.60. The next major support is near the $0.55 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 above the 50 level. Major Support Levels \u2013 $0.65 and $0.625. Major Resistance Levels \u2013 $0.725, $0.75, and $0.78.<\/p>\n","protected":false},"author":67,"featured_media":506765,"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":[40670,76656,79614,83584],"class_list":["post-539075","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-matic","tag-maticusd","tag-maticusdt","tag-polygon"],"acf":[],"yoast_head":"\n<title>MATIC Price Prediction: Polygon Signals Recovery To $0.75<\/title>\n<meta name=\"description\" content=\"MATIC price is recovering from the $0.55 support zone. 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