Polygon price may increase above $0.87 Level
Polygon (MATICUSD) Price Analysis – 15 May
The $0.95 and $1.01 resistance levels are also reachable if Polygon surpasses the $0.87 resistance level. If sellers are successful in pooling more force, the price may move past the $0.82 support level and be exposed to the $0.76 and $0.70 levels
Key Levels:
Resistance levels: $0.87, $0.95, $1.01
Support levels: $0.82, $0.76, $0.70
MATIC/USD Long-term Trend: Bearish
MATIC/USD is bearish in the long-term outlook. The previous support level of $1.01 was shattered because sellers are putting more pressure on prices than buyers. Three weeks ago, the price ranged from $1.01 to $0.95 levels. Bullish pressure was unable to overcome the $1.01 resistance level, which is still in place. More bearish pressure caused the price to drop at the $0.82 level of support at the moment. The $0.82 support level is now rejecting the price decrease.
MATIC is currently trading below both the 9- and 21-period exponential moving averages at close contact, it is likely that the bulls are gaining strength. The $0.95 and $1.01 resistance levels are also reachable if Polygon surpasses the $0.87 resistance level. If sellers are successful in pooling more force, the price may move past the $0.82 support level and be exposed to the $0.76 and $0.70 levels.
MATIC/USD Short-term Trend: Bullish
Polygon is on the bullish movement on a 4-hour time-frame. For the past four weeks, bears have controlled the MATIC market. On April 26, the $1.01 resistance level blocked the price gain. As the price dropped more, it got closer and closer to $0.87. The first objective was to surpass $0.94, and it was accomplished. Prices are currently bouncing up at the $0.82 threshold on the MATIC market.
Currently, the price of Polygon is higher than the two EMAs. The 9-period EMA has been passed below by the 21-day EMA. The relative strength index’s period 14 signal line is pointing upward at level 55, signaling a buy.
You can purchase Lucky Block here. Buy LBLOCK
- Broker
- Min Deposit
- Score
- Visit Broker
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Award-winning Cryptocurrency trading platform
- 14 Cryptoassets available to invest in
- FCA & Cysec regulated
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
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
