MATIC 1D Review of possible options for price movement

4 jun 2021

Judging by the vote in our BTC idea

MATIC is very popular among cryptocurrency traders, and they have high hopes for it.

Let's see if these hopes are justified.

In the previous global idea, we warned that the fall in the price of MATICUSD could start sharply, starting from $2.35

The fall was strong from $2.70 to $0.75
But then we were expected by an equally powerful rebound up from $0.75 to $2.44

Now the price of MATICUSDT has frozen in the area of ​​$1.70, which we marked as critical in the previous global idea.

What to expect from MATICUSDT now, a few scenarios:
1) A positive scenario is a breakout and consolidation of the price above the critical level of $2.10. In this case, we can expect an increase to $3.15, and maybe even up to $4.20.
2) If sales continue in the zone of $1.70-2.10, then the fall will continue to the level of $0.95, from where another strong upward rebound can be expected
3) The total negative on the cryptomarket can lead to an even more powerful fall than in May, to the liquidity zone of $0.30-0.40
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Since 2016, we have been analyzing and trading the cryptocurrency market.
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