Polygon Price Ranging Within $0.87 and $0.76 Support Levels

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Existing community of 70,000+ traders

Unlocks access to the leading crypto trading analysis, signals and trading tools

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

World class development team backed by Quant developers and VC investors

BUY D2T NOW

WHITEPAPER

D2T TELEGRAM

Low volatility in Polygon Market

Polygon (MATICUSD) Price Analysis – 26 December

The price may drop below the $0.76 level and be exposed to the $0.70 and $0.65 levels if the bears’ momentum increases further. In the event that buyers hold onto the $0.76 support level, Polygon will rise and may breach the $0.89 resistance level, which could push the price up to the $0.93 and $1.01 resistance levels.

Key Levels:

Resistance levels: $0.87, $0.93, $1.01

Support levels: $0.76, $0.70, $0.65

MATIC/USD Long-term Trend: Bearish

MATIC/USD price is bearish on the Long-term outlook. The long-term outlook is unfavorable for MATIC/USD pricing. Last two weeks, the Polygon fluctuated between $0.93 and $0.89 levels. The price was forced down to breach the last support level of $0.87 as sellers gained additional traction. On December 16th, the $0.76 support level was tested. It retreated. The market is being dominated by sellers, and the coin is testing the $0.76 support level once more. At the moment, Polygon market is experiencing low volatility.

As evidence of a bearish market, MATIC is trading below both the 9- and 21-period exponential moving averages at close contact. The fast-moving average has crossed the slow-moving average downside. The price may drop below the $0.76 level and be exposed to the $0.70 and $0.65 levels if the bears’ momentum increases further. In the event that buyers hold onto the $0.76 support level, Polygon will rise and may breach the $0.89 resistance level, which could push the price up to the $0.93 and $1.01 resistance levels.

MATIC/USD Short-term Trend: Ranging

In the medium run, Polygon is on the ranging movement. The $0.93 price level was maintained a few weeks ago, and the coin was unable to cross it. On December 16, sellers applied extra force to lower the price below the $0.87 support level. Last week, the bears’ power was insufficient to push it below the $0.76 level. Polygon is now ranging within the $0.89 and $0.76 levels.

A neutral market is indicated by the Polygon prices trading over and around the two EMAs. The 21-period EMA is interlocked with the 9-day EMA. The signal line on the relative strength index period 14 is not displaying a specific direction at 53 levels.

You can purchase Lucky Block here. Buy LBLOCK