Polygon (MATICUSD) Price Pulls Back at $0.74, Trying to Break Up $0.90 level

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Existing community of 70,000+ traders

Unlocks access to the leading crypto trading analysis, signals and trading tools

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

World class development team backed by Quant developers and VC investors

BUY D2T NOW

WHITEPAPER

D2T TELEGRAM

Polygon (MATICUSD) Price Analysis – September 05

An increase in the Polygon price is highly envisaged provided the resistance level of $0.90 does not hold, $1.01 price level may be reached and penetrated to test the $0.18 level. In case the bears defend the resistance level of $0.90, the price may reverse and continue a bearish trend to $0.74, $0.64 and $0.47 levels.

Key Levels:

Resistance levels: $0.90, $1.01, $1.18

Support levels: $0.74, $0.64, $0.47

MATIC/USD Long-term Trend: Bullish

MATIC/USD price is on the bullish trend on the Long-term outlook. The price action on the daily chart formed a double bottom chart pattern. This is a bullish trend chart pattern which is triggering a bullish movement. The price started inclining and the resistance level of $0.90 was reached on 02 September. The buyers are trying to push the price above the $0.90 level.

Polygon is trading above the 9 periods EMA and 21 periods EMA. An increase in the Polygon price is highly envisaged provided the resistance level of $0.90 does not hold, $1.01 price level may be reached and penetrated to test the $0.18 level. In case the bears defend the resistance level of $0.90, the price may reverse and continue a bearish trend to $0.74, $0.64 and $0.47 levels.

MATIC/USD Short-term Trend: Bullish

Polygon is bullish on the medium-term outlook. The price was under the bears’ control last week. The sellers pushed the price to the low of $0.74. The just mentioned level was tested twice indicating a bullish movement signal. The price is increases after it found support at $0.74 level. The buyers were exerting more pressure on the MATIC/USD.

The 9-day EMA has crossed the 21-day EMA upside and are interlocked, the Polygon price is trading aabove the two EMAs which indicates a bullish movement. The relative strength index period 14 is at 51 levels with the signal line pointing down to connote sell signal.

You can purchase Lucky Block here. Buy LBLOCK