Polygon Price Ranging I totonu o le $0.87 ma le $0.76 Support Levels

Azeez Mustapha

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Low volatility in Polygon Market

Polygon (MATICUSD) Iloiloga Tau - 26 Tesema

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.

Tulaga Autu:

Resistance levels: $ 0.87, $ 0.93, $ 1.01

Lagolago lagolago: $ 0.76, $ 0.70, $ 0.65

MATIC/USD Taimi umi: 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 Taimi Puupuu: Fa'asologa

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.

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Azeez Mustapha

O Azeez Mustapha o se tagata poto faapitoa i fefaatauaiga, o se tagata e auiliilia tupe, o se tagata fai faʻailoga, ma o ia e pule i tupe e silia i le sefulu tausaga lona poto masani i totonu o le itu tau tupe. I le avea ai o se blogger ma o se tusitala o mea tau tupe, e fesoasoani o ia i le au faipisinisi ia malamalama i mataupu faigata o mea tau tupe, faʻaleleia atili a latou teuga tupe faʻafaigaluega, ma aʻoaʻo pe faʻafefea ona pulea a latou tupe.

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