MATIC Technical Analysis is too risky today. Matic was perfectly aligned to our previous analysis of inverse head and shoulder until the sudden fall of Bitcoin distracted it from its path.
This technical analysis was done before the sudden moves of BTC which has put all the predictions in the bin.
MATIC lost 3.8% over the last 24 hours and was trading at $1.64. Over the past few sessions, MATIC was trading sideways. If it continues on that path over the upcoming sessions, it could dip to $1.50. Failing to maintain prices over $1.50, it could sit on its one-week low of $1.42.
On the 4-hour chart, MACD displayed red bars on its histogram. Awesome Oscillator noted red signal bars. Conversely, buying strength remained over the 50-mark, however, with continuous sessions in red Relative Strength Index could dip below the half-line.
MATIC TECHNICAL ANALYSIS BASED PRICE PREDICTION:
MATIC technical analysis is way too much messy.If we review the progress of MATIC in the meantime, the daily chart analysis showed that up until Saturday, the MATIC price failed to clear the $1.7580 level marking it the first level of resistance. If we talk about Monday’s progress, the price of MATIC showed good signs sticking at $1.7580. However, as of today, it has witnessed a drop again making it uncertain again. The current price of MATIC is $1.344 at the time of writing. The retreating price at this level can be a sign of a bullish rally in the next few days provided MATIC finds support at the current level.