Polygon Price May Break Up $1.03 Level

Bulls’ momentum increases in Polygon market

Polygon (MATICUSD) Price Analysis – 19 February

Polygon might overcome the $1.03 barrier and move on to defeat the $1.09 and $1.15 obstacle levels. If sellers gain some traction, the market can break through the $0.94 support level and expose itself to the $0.86 and $0.72 levels.

Key Levels:

Resistance levels: $1.03, $1.09, $1.15

Support levels: $0.94, $0.86, $0.72

MATIC/USD Long-term Trend: Bullish

The long-term outlook for USD/MATIC is bullish. For the previous four weeks, the price of cryptocurrencies has decreased due to the selling momentum. This occurred at $1.09 after the altercation with the opponent.  Before the last two-week increase, the price was rejected at $1.09. Sellers kept the market from growing even more. Bears guarded the level that was previously mentioned. On January 23, it made a test of the $0.72 support level and bounced up. The coin is currently increasing above $1.09 level.

When MATIC is trading above the Hull Suite indicator, the market is in the hands of bulls. Polygon might overcome the $1.03 barrier and move on to defeat the $1.09 and $1.15 obstacle levels. If sellers gain some traction, the market can break through the $0.94 support level and expose itself to the $0.86 and $0.72 levels according to forex signals.

MATIC/USD Short-term Trend: Bullish

A polygon’s 4-hour inclination is shown. A slight double bottom chart pattern was generated by the price action on the 4-hour time frame last week around the $0.72 level. It doesn’t seem like the sellers can get the price down to less than $0.72. It was resisted at $0.72 and moved in the direction of the $0.86 resistance level. At the moment, it is targeting the resistance level of $1.03.

Since Polygon is currently more expensive than Hull Suite, prices are expected to go higher. Given that the QQE MOD indicator is more than zero, there might be more possibilities to buy.

You can purchase Lucky Block here.  Buy LBLOCK