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Rising Target MATIC Investors Should Follow! July 4th MATIC Analysis

  • 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

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

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.

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Lucien Renard
Lucien Renardhttps://en.coinotag.com/
Lucien Renard is a 24-year-old writer specializing in cryptocurrency analysis and price action. With a focus on technical analysis, Lucien provides valuable insights into market trends and potential opportunities for investors.
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