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Polygon's MATIC could slide to

$BINANCE:MATICUSDT
Polygon is facing a bearish market as attempts to rally are being met with selling by the bears. The MATIC/USDT pair could fall to $0.94, which is likely to act as strong support. If the price rebounds from this level, the buyers may attempt to push the pair above the moving averages.
In this case, the pair may reach the resistance line, and the buyers will have to kick the price above this level to start a potential recovery to $1.30. However, if the price plunges below the $0.94 support, the pair may fall towards $0.69.
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Polygon is facing a bearish market as attempts to rally are being met with selling by the bears. The MATIC/USDT pair could fall to $0.94, which is likely to act as strong support. If the price rebounds from this level, the buyers may attempt to push the pair above the moving averages.
In this case, the pair may reach the resistance line, and the buyers will have to kick the price above this level to start a potential recovery to $1.30. However, if the price plunges below the $0.94 support, the pair may fall towards $0.69.
Let me know what you think!
Follow me for more TA!
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Publicaciones relacionadas
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.