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MATIC price is showing positive signs from the $0.3920 zone. Polygon is rising and might gain bullish momentum above the $0.4220 resistance.<\/em><\/p>\n

\n
MATIC price started a fresh increase above the $0.410 level against the US dollar.<\/li>\n
The price is trading above $0.4120 and the 100-hour simple moving average.<\/li>\n
There is a key rising channel forming with support at $0.4125 on the hourly chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n
The pair could gain bullish momentum if it clears the $0.4220 and $0.4250 resistance levels.<\/li>\n<\/ul>\n
Polygon Price Aims Higher<\/h2>\n
After forming a base above the $0.3920 level, Polygon\u2019s price started a fresh increase above the $0.400 pivot level. MATIC is moving higher above the $0.4100 level and beating Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n
There was a move above the $0.4120 level. The price climbed above the 50% Fib retracement level of the downward move from the $0.4317 swing high to the $0.3922 low. There is also a key rising channel forming with support at $0.4125 on the hourly chart of the MATIC\/USD pair.<\/p>\n
MATIC is trading above $0.4150 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.4220 zone. It is close to the 76.4% Fib retracement level of the downward move from the $0.4317 swing high to the $0.3922 low.<\/p>\n
$\"MATIC$ <\/a>
Source: MATICUSD on TradingView.com<\/a><\/figcaption><\/figure>\n
The first major resistance is near the $0.4250 level. If there is an upside break above the $0.4250 resistance level, the price could continue to rise. The next major resistance is near $0.4450. A clear move above the $0.4450 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.4620 level or $0.480.<\/p>\n
Another Dip in MATIC?<\/h2>\n
If MATIC\u2019s price fails to rise above the $0.4220 resistance level, it could start another decline. Immediate support on the downside is near the $0.4150 level.<\/p>\n
The main support is near the $0.4120 level and the channel trend line. A downside break below the $0.4120 level could open the doors for a fresh decline toward $0.40. The next major support is near the $0.3920 level.<\/p>\n
Technical Indicators<\/p>\n
Hourly MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n
Hourly RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\n
Major Support Levels \u2013 $0.4150 and $0.4120.<\/p>\n
Major Resistance Levels \u2013 $0.4220, $0.4250, and $0.4450.<\/p>\n","protected":false},"excerpt":{"rendered":"
MATIC price is showing positive signs from the $0.3920 zone. Polygon is rising and might gain bullish momentum above the $0.4220 resistance. MATIC price started a fresh increase above the $0.410 level against the US dollar. The price is trading above $0.4120 and the 100-hour simple moving average. There is a key rising channel forming with support at $0.4125 on the hourly chart of the MATIC\/USD pair (data source from Kraken). The pair could gain bullish momentum if it clears the $0.4220 and $0.4250 resistance levels. Polygon Price Aims Higher After forming a base above the $0.3920 level, Polygon\u2019s price started a fresh increase above the $0.400 pivot level. MATIC is moving higher above the $0.4100 level and beating Ethereum and Bitcoin. There was a move above the $0.4120 level. The price climbed above the 50% Fib retracement level of the downward move from the $0.4317 swing high to the $0.3922 low. There is also a key rising channel forming with support at $0.4125 on the hourly chart of the MATIC\/USD pair. MATIC is trading above $0.4150 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.4220 zone. It is close to the 76.4% Fib retracement level of the downward move from the $0.4317 swing high to the $0.3922 low. The first major resistance is near the $0.4250 level. If there is an upside break above the $0.4250 resistance level, the price could continue to rise. The next major resistance is near $0.4450. A clear move above the $0.4450 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.4620 level or $0.480. Another Dip in MATIC? If MATIC\u2019s price fails to rise above the $0.4220 resistance level, it could start another decline. Immediate support on the downside is near the $0.4150 level. The main support is near the $0.4120 level and the channel trend line. A downside break below the $0.4120 level could open the doors for a fresh decline toward $0.40. The next major support is near the $0.3920 level. Technical Indicators Hourly MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone. Hourly RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level. Major Support Levels \u2013 $0.4150 and $0.4120. Major Resistance Levels \u2013 $0.4220, $0.4250, and $0.4450.<\/p>\n","protected":false},"author":67,"featured_media":636382,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[87399],"tags":[80450,76656,79614,83584],"class_list":["post-636379","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-matic-analysis","tag-maticbtc","tag-maticusd","tag-maticusdt","tag-polygon"],"acf":[],"yoast_head":"\nMATIC Price (Polygon) Sets Sights Higher: Can It Gain Bullish Momentum?<\/title>\n<meta name=\"description\" content=\"MATIC price is showing positive signs from the $0.3920 zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. 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