🔥 MATIC Back In the Channel: Strong Move Ahead?

A while ago I made an analysis on MATIC. I argued that MATIC was soon going to see a pump towards $1.7, potentially $1.9 in the longer term.


The push towards $1.7 happened swiftly. Sadly enough the resistance held and soon after came the massive BTC sell-off, causing MATIC to fall back all the way to the lower support of the horizontal channel which I indicated in my previous analysis.

As it's looking now, loads of alts are already seeing huge moves. MATIC is still lagging behind a little, I'm expecting MATIC top resume the bullish move soon. Main target is based at $1.55, potentially $1.70 in case we see a full recovery of BTC in the near future.

Happy trading!