Polygon (MATIC) Price Stumbles Near $1 - Can It Overcome 700-Day Resistance?


20 Nov 2023 2:45 PM

The MATIC price failed to reach $1 last week but still trades above an important horizontal resistance area....

  • The Polygon (MATIC) price reached a high of $0.98 last week but was rejected.
  • MATIC trades inside a long-term resistance area and is currently below the $1 mark.
  • The Relative Strength Index (RSI) suggests that bulls still have an advantage.
  • Analysts predict an upward movement for MATIC, with a potential breakout from the long-term pattern.
  • If MATIC breaks out, it could increase by 70% to the next horizontal resistance at $1.50.

The sentiment in the article is mostly bullish, with analysts predicting an upward movement for MATIC and a potential breakout from the long-term resistance trend line.

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You May Ask

What was the highest price reached by MATIC last week?What is the current trading position of MATIC?What does the Relative Strength Index (RSI) indicate about the market sentiment?What do analysts predict for the future price trend of MATIC?What is the potential price increase if MATIC breaks out from the long-term resistance?

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