Polygon (MATICUSD) Price: Rejection at $0.74 Support Level, Targeting $0.90 Resistance Llevel

Updated:

Checkmark

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

Checkmark

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

Checkmark

Existing community of 70,000+ traders

Checkmark

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

Checkmark

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

Checkmark

World class development team backed by Quant developers and VC investors


Buyers momentum increases in Polygon market

Polygon (MATICUSD) Price Analysis – October 17

Further increase of the Polygon is highly envisaged. The resistance level at $1.01 price level may be reached and may extend to the $1.18 level if the resistance level of $0.90 does not hold. Inability to push the price above the resistance level of $0.90 may leads to continuation of ranging movement, below the current price are barriers at $0.74, $0.64 and $0.55 levels

Key Levels:

Resistance levels: $0.90, $1.01, $1.18

Support levels: $0.74, $0.64, $0.55,

MATIC/USD Long-term Trend: Bullish

MATIC/USD price is on the bullish trend on the Long-term outlook. The bulls remain the controller of the MATIC market, however, there was no significant movement in the last week trading. The price just move within the $0.90 and $0.74 level. Today, bulls are trying to gain more momentum and the price is gradually increasing towards the resistance level of $0.90.

At the moment, Polygon is trading above the 9 periods EMA and 21 periods EMA, which connote an increase in the bulls’ pressure.  Further increase of the Polygon is highly envisaged. The resistance level at $1.01 price level may be reached and may extend to the $1.18 level if the resistance level of $0.90 does not hold. Inability to push the price above the resistance level of $0.90 may leads to continuation of ranging movement, below the current price are barriers at $0.74, $0.64 and $0.55 levels

MATIC/USD Short-term Trend: Bullish

Polygon is bullish on the medium-term outlook. The crypto pulled back last week and tested the support level of $0.74. The buyers resist the movement and the bullish momentum increases currently pushing price towards the previous high at $0.90 level.

The 9-day EMA is above the 21 periods EMA and the Polygon price is trading above the two EMAs. The relative strength index period 14 is at 63 levels with the signal line pointing up which indicate buy signal.

You can purchase crypto coins here. Buy LBLOCK

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

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.