{"id":513510,"date":"2022-12-23T04:58:11","date_gmt":"2022-12-23T09:58:11","guid":{"rendered":"https:\/\/ktsl888.com\/?p=513510"},"modified":"2023-03-08T07:26:25","modified_gmt":"2023-03-08T07:26:25","slug":"matic-seen-breaking-support","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/matic-seen-breaking-support\/","title":{"rendered":"MATIC Seen Breaking Present Support With Sustained Momentum"},"content":{"rendered":"<p><span style=\"font-weight: 400\">MATIC has shown rapid accumulation or increase in the supply since the final days of November. More so, there was also an increased demand seen in the derivatives market which could be the outcome of positive Binance Funding Rate on the MATIC\/USDT pair.<\/span><\/p>\n<p><a href=\"https:\/\/coinmarketcap.com\/currencies\/polygon\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">CoinMarketCap<\/span><\/a> data shows that<span style=\"font-weight: 400\"> MATIC price is now up by 1.48% or trading at $0.8019 at the time of writing. With the rate it\u2019s going, Polygon could further retest of even breach the present support level with sustained momentum.<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400\">Price still could potentially slide further towards $0.7736 or even lower<\/span><\/li>\n<li><span style=\"font-weight: 400\">Polygon token price spikes by 1.48%<\/span><\/li>\n<li><span style=\"font-weight: 400\">Shows rapid accumulation since November 21<\/span><\/li>\n<\/ul>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/vechain-jumps-by-4\/\" target=\"_blank\" rel=\"noopener \">VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas<\/a><\/div>\n<p><span style=\"font-weight: 400\">The overall market sentiment for Polygon has been positive all throughout. <\/span><span style=\"font-weight: 400\">Despite its recent hiccups in price, the development activity was observed to have spiked, which pushed <\/span><span style=\"font-weight: 400\">the coin enter bearish turf for the most parts of December.<\/span><\/p>\n<p>After its release in 2017, Polygon quickly became a popular alternative to the Ethereum blockchain due to its <a href=\"https:\/\/www.analyticsinsight.net\/polygon-matic-and-solana-sol-nosedive-snowfall-protocol-snw-investors-hit-gold\/\" target=\"_blank\" rel=\"noopener nofollow\">faster transaction<\/a> times and lower transaction fees.<\/p>\n<p><span style=\"font-weight: 400\">Meanwhile, a stop loss is seen hovering above $0.8155, which means a spike going above this range could further invalidate the bearish forecast for the crypto. This uptrend could trigger the MATIC bulls to barrel past the resistance seen at $0.8154.<\/span><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-513514 size-full\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/a-12.png?resize=593%2C330\" alt=\"\" width=\"593\" height=\"330\" srcset=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/a-12.png?w=593 593w, https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/a-12.png?w=460 460w\" sizes=\"(max-width: 593px) 100vw, 593px\"><\/p>\n<pre style=\"text-align: center\">Chart: TradingView<\/pre>\n<p><span style=\"font-weight: 400\">MATIC is seen sliced in between the $0.8911 and $0.9492 in the first few weeks of the month. O<\/span><span style=\"font-weight: 400\">n the other hand, by December 15, the crypto sang a different tune, as the price retreated and found support at the $0.7736 level.<\/span><\/p>\n<h2><b>MATIC Technical Indicators: Price Pullback<\/b><\/h2>\n<p><span style=\"font-weight: 400\">MATIC technical indicators suggest a price pullback might settle at the range of $0.7735. The Relative Strength Index (RSI) shows a moderate slope on the charts which means that it\u2019s near the oversold zone. <\/span><\/p>\n<p>Over the past week, Polygon&#8217;s stock has dropped 6.31%. And in the past 24 hours, the price has risen by 1.10%. Price increased by 0.45% in the last hour alone, according to <a href=\"https:\/\/www.coinbase.com\/price\/polygon\" target=\"_blank\" rel=\"noopener nofollow\">data<\/a> by Coinbase.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/news\/tron-shows-bullish-energy\/\"> Tron Shows Bullish Energy And Attracts Investors To Buy TRX<\/a><\/div>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/KEPQzLkf\/\" width=\"2047\" height=\"979\"><\/p>\n<pre style=\"text-align: center\">MATIC total market cap at nearly $7 billion on the daily chart | Chart: <a href=\"https:\/\/www.tradingview.com\/chart\/ajrdy9Lf\/\" rel=\"nofollow\">TradingView.com<\/a><\/pre>\n<h2><b>Polygon Target: $2.26 In 2023<\/b><\/h2>\n<p><span style=\"font-weight: 400\">In the meantime, it looks like the market is leaning towards the bears as the crypto&#8217;s price could retreat to $0.7392, which traders can treat as short-selling targets especially with increased risk appetite.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Notably, famous crypto expert and trader<\/span><a href=\"https:\/\/dailyhodl.com\/2022\/12\/21\/heres-whats-in-store-for-polygon-matic-solana-sol-and-cardano-ada-according-to-top-analyst\/\" rel=\"nofollow\"> <span style=\"font-weight: 400\">Jason Pizzino<\/span><\/a><span style=\"font-weight: 400\"> also shared his forecast on Polygon with his 279,000 YouTube subscribers, stating that MATIC could potentially dip by more than 30% from the current price of $0.8019, which could be seen as an opportunity to buy low and sell high for many traders.<\/span><\/p>\n<p><span style=\"font-weight: 400\">However, with Polygon&#8217;s resilience, <\/span><a href=\"https:\/\/bitnation.co\/forecast\/polygon-price-prediction\/#:~:text=Polygon%20has%20amazing%20potential%20over,all%2Dtime%20high%20of%20%247.80.\" rel=\"nofollow\"><span style=\"font-weight: 400\">MATIC price for 2023<\/span><\/a><span style=\"font-weight: 400\"> could shoot towards a maximum of $2.26, with the average price hovering around $2.00. With a bear market, MATIC\u2019s minimum price could potentially dip to $1.75 come 2023.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MATIC has shown rapid accumulation or increase in the supply since the final days of November. More so, there was also an increased demand seen in the derivatives market which could be the outcome of positive Binance Funding Rate on the MATIC\/USDT pair. CoinMarketCap data shows that MATIC price is now up by 1.48% or trading at $0.8019 at the time of writing. With the rate it\u2019s going, Polygon could further retest of even breach the present support level with sustained momentum. Price still could potentially slide further towards $0.7736 or even lower Polygon token price spikes by 1.48% Shows rapid accumulation since November 21 Related Reading: VeChain Jumps By 4% As VET Investors Look To Profit Before Christmas The overall market sentiment for Polygon has been positive all throughout. Despite its recent hiccups in price, the development activity was observed to have spiked, which pushed the coin enter bearish turf for the most parts of December. After its release in 2017, Polygon quickly became a popular alternative to the Ethereum blockchain due to its faster transaction times and lower transaction fees. Meanwhile, a stop loss is seen hovering above $0.8155, which means a spike going above this range could further invalidate the bearish forecast for the crypto. This uptrend could trigger the MATIC bulls to barrel past the resistance seen at $0.8154. Chart: TradingView MATIC is seen sliced in between the $0.8911 and $0.9492 in the first few weeks of the month. On the other hand, by December 15, the crypto sang a different tune, as the price retreated and found support at the $0.7736 level. MATIC Technical Indicators: Price Pullback MATIC technical indicators suggest a price pullback might settle at the range of $0.7735. The Relative Strength Index (RSI) shows a moderate slope on the charts which means that it\u2019s near the oversold zone. Over the past week, Polygon&#8217;s stock has dropped 6.31%. And in the past 24 hours, the price has risen by 1.10%. Price increased by 0.45% in the last hour alone, according to data by Coinbase. Related Reading: Tron Shows Bullish Energy And Attracts Investors To Buy TRX MATIC total market cap at nearly $7 billion on the daily chart | Chart: TradingView.com Polygon Target: $2.26 In 2023 In the meantime, it looks like the market is leaning towards the bears as the crypto&#8217;s price could retreat to $0.7392, which traders can treat as short-selling targets especially with increased risk appetite. Notably, famous crypto expert and trader Jason Pizzino also shared his forecast on Polygon with his 279,000 YouTube subscribers, stating that MATIC could potentially dip by more than 30% from the current price of $0.8019, which could be seen as an opportunity to buy low and sell high for many traders. However, with Polygon&#8217;s resilience, MATIC price for 2023 could shoot towards a maximum of $2.26, with the average price hovering around $2.00. With a bear market, MATIC\u2019s minimum price could potentially dip to $1.75 come 2023.<\/p>\n","protected":false},"author":557,"featured_media":513519,"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":[40670,86442,87629,83584,86440],"class_list":["post-513510","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-matic","tag-matic-price","tag-matic-price-pullback","tag-polygon","tag-polygon-price"],"acf":[],"yoast_head":"\n<title>MATIC Seen Breaking Present Support With Sustained Momentum<\/title>\n<meta name=\"description\" content=\"MATIC has shown rapid accumulation or increase in the supply since the final days of November. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/ktsl888.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MATIC Seen Breaking Present Support With Sustained Momentum","url":"http:\/\/ktsl888.com\/news\/matic-seen-breaking-support\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/matic-seen-breaking-support\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC-1.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC-1.png?fit=770%2C390"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["matic","matic price","matic price pullback","polygon","polygon price"],"dateCreated":"2022-12-23T09:58:11Z","datePublished":"2022-12-23T09:58:11Z","dateModified":"2023-03-08T07:26:25Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Seen Breaking Present Support With Sustained Momentum\",\"url\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/matic-seen-breaking-support\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/ktsl888.com\\\/news\\\/matic-seen-breaking-support\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/MATIC-1.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/MATIC-1.png?fit=770%2C390\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/ktsl888.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"matic\",\"matic price\",\"matic price pullback\",\"polygon\",\"polygon price\"],\"dateCreated\":\"2022-12-23T09:58:11Z\",\"datePublished\":\"2022-12-23T09:58:11Z\",\"dateModified\":\"2023-03-08T07:26:25Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/ktsl888.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2022\/12\/MATIC-1.png?fit=770%2C390","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/513510"}],"collection":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/comments?post=513510"}],"version-history":[{"count":0,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/posts\/513510\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media\/513519"}],"wp:attachment":[{"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/media?parent=513510"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/categories?post=513510"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ktsl888.com\/wp-json\/wp\/v2\/tags?post=513510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}