MATIC displays a bullish reversal with a falling wedge breakout.
The price faces resistance at the 50-day EMA and $0.5911.
A 25% price hike is expected, aiming for $0.71 close to the 200-day EMA.
Google Cloud's staking of 10,000 MATIC boosts positive sentiment.
Long-term correction in 2023 seems to be ending with a bullish momentum.
Crucial bullish support found at $0.49.
Double bottom reversal pattern observed.
Consecutive bullish candles for four days, accounting for a 13% jump.
Current trading price is $0.5618 with an intraday fall of 1.13%.
MACD line spikes higher, indicating bullish momentum.
RSI nearing the overbought boundary, signaling bullish strength.
Failure to sustain above the 50-day EMA could lead to a price retest at $0.52 or $0.50.
The price faces resistance at the 50-day EMA and $0.5911.
A 25% price hike is expected, aiming for $0.71 close to the 200-day EMA.
Google Cloud's staking of 10,000 MATIC boosts positive sentiment.
Long-term correction in 2023 seems to be ending with a bullish momentum.
Crucial bullish support found at $0.49.
Double bottom reversal pattern observed.
Consecutive bullish candles for four days, accounting for a 13% jump.
Current trading price is $0.5618 with an intraday fall of 1.13%.
MACD line spikes higher, indicating bullish momentum.
RSI nearing the overbought boundary, signaling bullish strength.
Failure to sustain above the 50-day EMA could lead to a price retest at $0.52 or $0.50.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.