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.

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.

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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