Polygon (MATICUSD) Price: Will There Be a Bullish Breakup of $0.93 Level?

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


Polygon is struggling to penetrate $0.93 resistance level

Polygon (MATICUSD) Price Analysis – October 31

An increase in the bulls’ pressure may push the coin to break up the resistance level of $0.93 and Polygon may increase further to $1.01 and $1.18 levels. In case the resistance level at $0.93 holds, Polygon may decline to $0.87 level, bearish momentum extend to the $0.76 level and $0.70.

Key Levels:

Resistance levels: $0.93, $1.01, $1.18

Support levels: $0.87, $0.76, $0.70,

MATIC/USD Long-term Trend: Bullish

MATIC/USD price is on the bullish trend on the Long-term outlook. The crypto did not make tangible movement last week. When the price bounced up from the support level of $0.70. The price increases and break up the former resistance levels of $0.76 and $0.87. The price tested the resistance level of $0.93 last week. The price is trying to break up the resistance level of $0.93.

Polygon is trading above the 9 periods EMA and 21 periods EMA, which indicate a bullish movement in Polygon market. An increase in the bulls’ pressure may push the coin to break up the resistance level of $0.93 and Polygon may increase further to $1.01 and $1.18 levels. In case the resistance level at $0.93 holds, price may decline to $0.87 level, bearish momentum extend to the $0.76 level and $0.70.

MATIC/USD Short-term Trend: Bearish

Polygon is bearish on the medium-term outlook. The crypto was on bullish trend last week, the price has increased to test the resistance level of $0.93. Attempts has been made to penetrate the just mentioned level but the bears are opposing the movement. Sellers’ pressure is increasing at the moment and if this continue, price may retest the support level of $0.8740.

The 9-day EMA is below the 21 periods EMA and the Polygon price is trading below the two EMAs. The relative strength index period 14 is at 44 levels with the signal line pointing down to indicate sell 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.