MATIC Soars Amidst the Three Major U.S. Banks Crisis

Azeez Mustapha


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Due to problems with the regulators, the three major banks, which are important to the crypto sector, had to close. Despite the latest crisis involving the three U.S. banks, the majority of altcoins including MATIC are currently yielding well. Investors are taken aback by the discrepancy, but buyers continue to flood the market as the market cap rises. 

One of the altcoins, Polygon, has entirely resisted the bears as it has continued to rise. As of this writing, MATIC costs $1.22, an increase of more than 5% from the previous day. In a similar vein, MATIC trading volume has surged by an astounding 11%+ from yesterday to today.

Key Polygon Levels To Watch – March 14

Matic Soars Amidst the Three Major U.S. Banks Crisis

As the price reached the discount array at the 61.8% Fibonacci retracement level, it surged rapidly upward. The discount array was a bullish order block that was created at the $0.9900 price level. According to the Moving Average, MATICUSD is already bullish as it crosses the Moving Average to the upside.

As of now, the direction of the MATICUSD is upward. The Stochastic indicator also shows that the market just left the oversold region. The buying pressure from the oversold region is likely to continue impacting the price in an upward direction until the $1.5680 resistance is breached. 

Polygon Key Levels

Resistance Levels: $2.1000, $1.5680, $1.3040
Support Levels: $0.7500, $0.6300, $0.5200

Total Market Capitalization: $1.14T
Polygon Market Capitalization: $10.85B
Polygon Volume: $0.96B
Market Rank: #8

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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