Foro de POL (ex-MATIC)
POLUSD **🔍📊 "Technical Analysis and Strategy for the Transition from MATIC to POL: Identifying Support Levels, Resistances, and Market Opportunities"**
### **Technical Analysis for Polygon (MATIC)**: 📉🔄📈
Analyzing the charts in **4H**, **1D**, and **1W**, a comprehensive technical analysis can be drawn for **short, medium, and long term**. 🔍📈
#### **Short Term (4H Chart)**: ⏳
1. **Supports**: 🔻 The immediate support is around **0.36 USD**. If this level breaks, the next strong support is at **0.35 USD**.
2. **Resistances**: 🔼 The nearest resistance is at **0.39 USD**. Beyond this level, the critical resistance is at **0.42 USD**, where a significant moving average is located. 📈
3. **Indicators**:
- **MACD**: 📉 Although it is in the negative zone, it shows signs of slowing down the downward trend, with a possible bullish crossover.
- **RSI**: 📊 The RSI at **43** indicates that it is close to neutral levels, but it doesn’t yet signal a clear oversold condition.
**Strategy**: 👀 In the short term, it is recommended to observe whether the **0.36 USD** support holds and wait for confirmations from the MACD. If it breaks **0.39 USD**, a long position could be considered with targets around **0.42 USD**. 🚀
#### **Medium Term (Daily Chart - 1D)**: 📅
1. **Supports**: 📉 The strong support is at **0.35 USD**, with a secondary support around **0.32 USD**.
2. **Resistances**: 📊 In terms of resistance, there is a key zone between **0.45 and 0.47 USD**, where **50** and **200** day moving averages converge.
3. **Indicators**:
- **MACD**: 📉 The trend remains bearish with red bars in the histogram, although the slope seems to be flattening.
- **RSI**: 📊 With an RSI of **35**, it is in a light oversold zone, suggesting potential buying opportunities if a trend reversal is confirmed.
**Strategy**: 🛠️ In the medium term, it is important for the **0.35 USD** support to hold. If a trend reversal occurs, I would look to enter near this support with an upside target around **0.45 USD**. 📈
#### **Long Term (Weekly Chart - 1W)**: 🕰️
1. **Supports**: 🔻 In the long term, the most important support is at **0.30 USD**, which is a psychological and technical key level.
2. **Resistances**: 📈 Long-term resistance is at **0.70 USD**, marked by Fibonacci retracement and a previous accumulation zone.
3. **Indicators**:
- **MACD**: 🔻 The weekly MACD is clearly in a downtrend, with a bearish crossover that occurred in previous weeks, indicating long-term selling pressure.
- **RSI**: 📉 The RSI at **34** indicates oversold conditions in the long term, which could offer a buying opportunity if the support holds.
**Strategy**: 🛠️ On the long term, it is recommended to wait for further consolidation or clear reversal signals around **0.30-0.35 USD**. The first long-term upward target would be **0.50 USD**, with projections towards **0.70 USD** if the recovery continues. 📊
### **Conclusion**: 🚀📈
Currently, **MATIC** is in a key support zone, with possible entry opportunities if the **0.35-0.36 USD** supports hold. Short-term recovery depends on breaking through the resistance at **0.39-0.42 USD**. In the medium and long term, it is essential for **0.35 USD** to act as a support level for a potential trend reversal, with higher targets at **0.50 USD** and **0.70 USD** if accumulation and volume support this development.
It is important to monitor volatility indicators and news related to the **Polygon to POL** transition, as these could impact the price dynamics of **MATIC** in the short and medium term. 📊📉🚀