Published 1 hour ago A V-top reversal from the $1.53 resistance plunged the MATIC price below a crucial support of...

Feb 27, 2023 at 14:00 // Price As altcoins return to previous support levels, selling pressure is prevalent in the...

Join Our Telegram channel to stay up to date on breaking news coverage Polygon is down in the market today, trading at $1.35. This amount...

Feb 21, 2023 at 12:48 // Price Polygon (MATIC) price is currently in the bullish trend zone. It rose to...

SNEAK PEEK: Polygon (MATIC) token price has risen steadily over the past week. Indications indicate MATIC bulls’ strength will prevail. According to the one-day...

Published 4 hours ago The MATIC coin price has shown a sustained recovery since the beginning of 2021. So far,...

At press time, Polygon (MATIC) was trading at $1.09, up 8.93% in 24 hours. Gains Network DEX...

The Polygon (MATIC) price has been on a downward spiral for the last couple of weeks. Over the last 24 hours, MATIC lost 4%...

Polygon’s (MATIC) NFT market is presently going through a period of considerable increasing acceptance. This can be attributed to the company’s cooperation with...

The Polygon (MATIC) price momentum registered a positive shift over the last 24 hours. The altcoin gained close to 3%. Meanwhile, on the weekly...

Polygon (MATIC) Price News: Buoyed by the scale of web 3.0 projects it is involved in, Polygon (MATIC) certainly saw significant increase in...

MATIC’s price remains strong despite price facing rejection from a high of $0.8 as the price holds above the key support area.  MATIC breaks out of a descending triangle as the price looks strong despite Bitcoin (BTC) dragging market prices down.  The price of MATIC trades above key support of $0.77 as the price continues to trade above 50 and 200 Exponential Moving Averages (EMA) on the daily timeframe.  Polygon (MATIC) price has held strong above the key support area after breaking out of its descending triangle and assuming a bullish price movement against tether (USDT) as BTC price remains in its range, dragging most crypto assets down. The crypto market has not had the Uptober that many expected, as the market has continued to range despite showing some great signs of rallying in the early part of the month. Except for a few exceptional coins, such as Polygon (MATIC), Bitcoin (BTC), Ethereum (ETH), and other crypto assets have remained dormant. (Data from Binance) Related Reading: Tron Development Activity Grows In The Last 7 Days – Except TRX Price Polygon (MATIC) Price Analysis On The Weekly Chart Most projects have fared poorly in the bear market, with many experiencing more than 50% price declines, discouraging most traders and investors from stockpiling these assets. With Bitcoin’s dominance (BTC.D) rising and the price of BTC moving in a range, this has affected most crypto projects, including the price of MATIC, as the price has shown less aggression after breaking out from its descending triangle. With BTC.D trying to resume its rally above the 43% mark, this would mean altcoins will be hurt when BTC declines in price and prevent other coins like MATIC from rallying.  After rallying to $1, the price of MATIC faced resistance to trend higher to $1.5 as the price struggled to break above the resistance at $1 despite rallying from a weekly low of $0.3. The price of MATIC retraced to a region of $0.77, where the price formed strong support to rally to a high of $1 as bulls still take control of the price; if the price of MATIC holds above 0.77 support, we could see more rallies from MATIC. Weekly resistance for the price of MATIC – $1. Weekly support for the price of MATIC – $0.77. Price Analysis Of MATIC On The Daily (1D) Chart The daily timeframe for the price of MATIC has shown resilience as the price continues to hold and maintain bullish strength after a successful breakout from a descending triangle.  MATIC’s price failed to break above $1, but it has shown strength, holding above its key support as this would be the basis for more rallies.  If MATIC’s price breaks below $0.77, we could see bears taking over the price of MATIC. Daily resistance for the MATIC price – $1. Daily support for the MATIC price – $0.77-$0.7. Related Reading: Why The Bitcoin Price May Be Ready To Return To $20,000 Featured Image From CPO Magazine, Charts From Tradingview