MATIC (Polygon) Price Action Continues Its Uptrend

Today, the price of this MATIC has risen by 3.79%, and further price increases are likely. Let’s take a closer look at its price action.

MATIC Analysis Data:
Polygon value now: $1.3693
MATIC market cap: $11,864,987,148
Polygon moving supply: 8,734,317,475
MATIC Total Supply: 10,000,000,000
MATIC Coinmarketcap ranking: #10

Major Price Levels:
Top: $1.3693, $1.3720, $1.3900
Base: $1.3646, $1.3600 $1.3550

MATIC (Polygon) Price Action Eyes the $1.4000 Mark

The price action in the Polygon/USD daily market has been very impressive. Even today, the price of the pair has taken a positive turn towards the 1.3700 price mark. Furthermore, the used trading indicators are all displaying positive indications about a further price increase in this market. The Stochastic RSI lines are pointing sharply upward, with the leading line now above the 60-level threshold of the indicator and the lagging line at level 37. The MACD lines have performed another upside crossover, to reveal that upside momentum is still building. Also, the orientation of the Bollinger Band indicator itself points out that this market is in an uptrend.

MATIC (Polygon) Price Action Shows No Sign of Weakness

Price movement on the Polygon/USD 4-hour market portrays no signs of weakness. Price candles in this market are solid green. Also, these price candles can be seen sticking to the upper limit of the Bollinger Band indicator. Consequently, this seems to reveal that the tailwind in this market is very strong. The applied MACD indicator lines continue to rise above the 0.00 level, as the indicator bars keep growing tall and green. Meanwhile, the Stochastic RSI lines continue to rise and have given another bullish crossover. Consequently, all indications for this market point to the fact that price action may keep rising upward and toward the $1.4000 price mark.

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