MATIC 1D
Wedge pattern, usually this pattern tends to break up.
We then have what the pullback could be if the price goes to $0.7383 and then meets its strongest resistance around $1.0532.
Its strongest support is at $0.3185, which I don't think is enough as its new bottom is at $0.7383.
Watch out for the upcoming crossover of moving averages, another bullish sign, even more so now that Disney has announced that it will place its metaverse within the Polygon network.
Very high-octane MATIC is an Ethereum-based altcoin that powers the Polygon network (originally called the Matic network). The goal is to offer a sustainable scaling solution on issues such as high transaction fees and low speeds.
Follows support and resistance in 1H time frame
SUPPORTS: 79.35 / 78.19
RESISTANCE: 80.59 / 81.32
We then have what the pullback could be if the price goes to $0.7383 and then meets its strongest resistance around $1.0532.
Its strongest support is at $0.3185, which I don't think is enough as its new bottom is at $0.7383.
Watch out for the upcoming crossover of moving averages, another bullish sign, even more so now that Disney has announced that it will place its metaverse within the Polygon network.
Very high-octane MATIC is an Ethereum-based altcoin that powers the Polygon network (originally called the Matic network). The goal is to offer a sustainable scaling solution on issues such as high transaction fees and low speeds.
Follows support and resistance in 1H time frame
SUPPORTS: 79.35 / 78.19
RESISTANCE: 80.59 / 81.32
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