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
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.