Matic Price Analysis

MATIC Price Analysis: Matic to fall to $1.03 and Rise by 65% to $1.68

Matic price analysis technically is tricky today. Matic has been in complete dark and stayed ignored for enough time however it’s now rising above $1.15 level, unfortunately, there is more decline coming technically.

The live Matic price today is $1.15 USD with a 24-hour trading volume of $1,059,479,413. Matic is up 5.02% in the last 24 hours with a live market cap of $7,381,497,978 USD. Polygon aka Matic dropped to $0.63 from a peak of $2.70.

MATIC Price Analysis: Technical

Matic Price Analysis
Polygone Matic Price Analysis TradingView

As clearly indicated, we have the neckline Head & Shoulder pattern at $1.18 to $1.25 area as highlighted in the chart above. Price is expected to rise from the entry price at $0.167 to this neckline zone. If price fail to break this neckline, I expect a reversal to the $1.03 to complete the right shoulder before a rise by 65% to $1.68 to complete its formation. Bitcoin is still moving as we Predicted here last day. Bitcoin ghost movement on weekend is still unbelievable and as the Weekend ends there’s a probability of reversal, if happened, the alts will react to the situation accordingly.

About mnmansha

MN Mansha is a cryptocurrency expert, trader, and content writer with extensive experience in covering everything related to digital assets — from price analysis to Blockchain disruption. Mansha authored 100+ stories for NewsBSC.com and other fintech media outlets and he's actively writing more every day. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

Check Also

Tether

Tether fined $41M by CFTC for “untrue” dollar reserve claims

Tether, the world’s largest stablecoin, has incurred the wrath of the Commodity Futures Trading Commission …

Leave a Reply

Your email address will not be published. Required fields are marked *