Large range channel
MATIC is inside a large range channel in the daily timeframe between the resistance of $1.0751 and the support of $0.7475. The weekly MATIC candle has a long upper shadow; if it closes like this, the price correction could be deep. Therefore, the support level considered for MATIC is $0.8487. So, if we see signs of support, we expect price growth again.
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Join our channel:
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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.