- Matic started its upward movement by encountering strong buyers in the specified region and achieved a 17% return.
- When the current technical chart of Matic is examined, it can be seen that the price is moving above the $0.70 level.
- If the Matic price can close above the $0.74 resistance for 2 hours, it may aim to continue its rise up to $0.76.
Matic achieved a 17% return with its upward movement initiated by encountering strong buyers. In the current technical analysis, it is observed that Matic’s price is moving above the $0.70 level and the $0.74 resistance is a critical level.
Medium-Term MATIC Analysis
Daily MATIC/USD Price Chart
When we examine the technical chart of MATIC, we mentioned that if it reverses from the range of $0.6096 – $0.623, it can realize its upward movement up to the $0.76 levels.
It can be seen that Matic started its upward movement by encountering strong buyers in the specified region and achieved a 17% return.
When the technical chart of Matic is updated, it is observed that it is moving above the $0.70 level at the time of writing. If the Matic price can stay above the $0.66 level, it may aim to continue its rise up to the $0.76 resistance level.
If Matic can close its daily candles above the $0.76 resistance, it can extend its rise up to $0.8188 levels. Additionally, if Matic can establish sustainability with daily candle closures above the $0.82 level, a new upward target of $0.93 can be considered.
Short-Term MATIC Price Analysis
2-Hourly MATIC/USD Price Chart
When the short-term technical chart of MATIC is examined, it can be seen that it is moving close to the important resistance zone of $0.7257 – $0.74 dollars. If the MATIC price can close above the $0.74 level for 2 hours, it can continue its rise up to $0.77.
However, if the MATIC price fails to close above the $0.74 resistance for 2 hours, it can extend its downward movement to the $0.672 support. If the MATIC price encounters a strong buying response from the $0.672 support, it can start its upward movement again from $0.67.
If the MATIC price can close its 2-hour candles below the $0.67 level, it can continue its downward movement to the range of $0.642 – $0.622 dollars. However, if the MATIC price encounters strong buying responses from the $0.642 – $0.622 dollar support range, it can restart its upward movement from this region and move towards $0.77 levels.
