Polygon Price: Bulls Are Gathering Momentum at $0.72 Level

Buyers may dominate Polygon market

Polygon (MATICUSD) Price Analysis – 22 April

Polygon might be able to get to the $0.91 and $0.94 difficulty levels after passing the $0.86 barrier. The market may breach the $0.72 support level and expose itself to the $0.65 and $0.59 levels if sellers find some momentum.

Key Levels:

Resistance levels: $0.86, $0.91, $0.94

Support levels: $0.72, $0.65, $0.59

MATIC/USD Long-term Trend: Bearish

The long-term outlook for MATIC/USD is negative. The selling trend that commenced on 14 March has resulted in a decrease in the price of cryptocurrencies. This happened at the $1.27 point following the participants’ match.  After two weeks of price decrease, the amount is $0.72. Buyers are preventing further market decrease. Bulls guarded the level that was just indicated. It is currently turning around and may rise to the $0.86 resistance level.

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Bulls control the market when MATIC is trading above the Hull Suite crypto signals indicator. Polygon might be able to get to the $0.91 and $0.94 difficulty levels after passing the $0.86 barrier. The market may breach the $0.72 support level and expose itself to the $0.65 and $0.59 levels if sellers find some momentum.

MATIC/USD Short-term Trend: Bullish

The 4-hour declination of a polygon is displayed. The price action from the previous week around the $1.27 level created a modest head and shoulder chart pattern on the 4-hour time frame. It appears that the buyers are restricted to a $1.27 price. It dropped toward the $0.86 support level and the $0.96 ceiling. There are bullish reversal indicators on it at the moment.

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It seems sense to higher the pricing because Polygon is now more expensive than Hull Suite. The QQE MOD indicator may present a buying opportunity when it is greater than zero.

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