{"id":497200,"date":"2022-08-01T13:10:02","date_gmt":"2022-08-01T13:10:02","guid":{"rendered":"https:\/\/wncen.com\/?p=497200"},"modified":"2022-08-01T13:10:02","modified_gmt":"2022-08-01T13:10:02","slug":"polygon-buyers-struggle-near-1-resistance","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/polygon-buyers-struggle-near-1-resistance\/","title":{"rendered":"Despite Polygon\u2019s Bullish Run, Buyers Struggle Near Resistance Of $1.0"},"content":{"rendered":"

The Polygon (MATIC) has had an impressive bull run seen in the last couple of days. The coin is treading above the EMA red lines as seen on the daily price chart. On the other hand, MATIC\u2019s trading volume has plunged by as much as 42% or $1.1 billion overnight.\u00a0\u00a0<\/span><\/p>\n

MATIC price went for a bull run right after it breached the symmetrical triangle pattern spotted on the upside. As it turns out, $1.0 had been a critical level to break for a long time which was a tough challenge for MATIC.<\/span><\/p>\n

Related Reading: Shiba Inu Breaks Downtrend Line \u2013 Is A Trend Reversal Imminent?<\/a><\/div>\n

MATIC\/USDT Currently At $0.93<\/b><\/h2>\n

MATIC\/USDT pair is currently trading at $0.93. Bears are having a hard time keeping the coin\u2019s price under $1.0. Moreover, Polygon\u2019s price is shooting for the 200 DMA line.<\/span><\/p>\n

Meanwhile, Polygon\u2019s total market capitalization has declined by 2.5% or is currently at $7.4 billion as seen over the past 24 hours. Trading volume for MATIC has also dropped by 42% or to $1.1 billion as seen overnight. RSI is also looking bullish as it was able to rebound successfully from its lower bottom.<\/span><\/p>\n

Despite the bull run, Polygon has been struggling to bust the resistance level of $1.0.\u00a0 However, a resistance breakout is looming for next week.<\/span><\/p>\n

Valdrin Tahiri, a top crypto expert, said that Polygon was able to jump off the critical support at $0.74 plus was able to cross the resistance line. More so, MATIC is targeting to test and shift the resistance at $0.74 to the support line.<\/span><\/p>\n

Polygon To Rise 20x To 60x In Next Bull Run<\/b><\/h2>\n

Tahiri says that MATIC is trying to complete the fourth of the five-wave sequence of downward movements as the coin is bottoming out. MATIC is now ready to breach the upward trend once the last leg of the five waves is completed and targeting $1.40.<\/span><\/p>\n

CryptoFaibik, a popular crypto expert and YouTuber, was able to spot a bullish streak in the price chart of MATIC referred to as the Descending Broadening Wedge Breakout, which indicates the coin\u2019s upside reversal. The crypto expert has set its eye on $1.97 or a 217% increase in MATIC price.<\/span><\/p>\n

According to Mich\u00e4el van de Poppe, a popular crypto expert and educator, MATIC’s price is set to increase around 20x to 60x in the next bull run or uptrend. More so, analysts have also seen a bullish streak in the Polygon price chart allowing exception gains.<\/span><\/p>\n

MATIC traders and holders are enjoying the advantage of the partnerships and expansion projects that have been announced in the past month.<\/span><\/p>\n

Related Reading: Dogecoin (DOGE) Will Lose All Its Value, Finder\u2019s Survey Shows<\/a><\/div>\n

<\/p>\n

MATIC total market cap at $7.20 billion on the daily chart | Source: TradingView.com<\/a>\r\n\r\nFeatured image from Analytics Insight, chart from TradingView.com<\/a><\/pre>\n","protected":false},"excerpt":{"rendered":"

The Polygon (MATIC) has had an impressive bull run seen in the last couple of days. The coin is treading above the EMA red lines as seen on the daily price chart. On the other hand, MATIC\u2019s trading volume has plunged by as much as 42% or $1.1 billion overnight.\u00a0\u00a0 MATIC price went for a bull run right after it breached the symmetrical triangle pattern spotted on the upside. As it turns out, $1.0 had been a critical level to break for a long time which was a tough challenge for MATIC. MATIC\/USDT Currently At $0.93 MATIC\/USDT pair is currently trading at $0.93. Bears are having a hard time keeping the coin\u2019s price under $1.0. Moreover, Polygon\u2019s price is shooting for the 200 DMA line. Meanwhile, Polygon\u2019s total market capitalization has declined by 2.5% or is currently at $7.4 billion as seen over the past 24 hours. Trading volume for MATIC has also dropped by 42% or to $1.1 billion as seen overnight. RSI is also looking bullish as it was able to rebound successfully from its lower bottom. Despite the bull run, Polygon has been struggling to bust the resistance level of $1.0.\u00a0 However, a resistance breakout is looming for next week. Valdrin Tahiri, a top crypto expert, said that Polygon was able to jump off the critical support at $0.74 plus was able to cross the resistance line. More so, MATIC is targeting to test and shift the resistance at $0.74 to the support line. Polygon To Rise 20x To 60x In Next Bull Run Tahiri says that MATIC is trying to complete the fourth of the five-wave sequence of downward movements as the coin is bottoming out. MATIC is now ready to breach the upward trend once the last leg of the five waves is completed and targeting $1.40. CryptoFaibik, a popular crypto expert and YouTuber, was able to spot a bullish streak in the price chart of MATIC referred to as the Descending Broadening Wedge Breakout, which indicates the coin\u2019s upside reversal. The crypto expert has set its eye on $1.97 or a 217% increase in MATIC price. According to Mich\u00e4el van de Poppe, a popular crypto expert and educator, MATIC’s price is set to increase around 20x to 60x in the next bull run or uptrend. More so, analysts have also seen a bullish streak in the Polygon price chart allowing exception gains. MATIC traders and holders are enjoying the advantage of the partnerships and expansion projects that have been announced in the past month. MATIC total market cap at $7.20 billion on the daily chart | Source: TradingView.com Featured image from Analytics Insight, chart from TradingView.com<\/p>\n","protected":false},"author":557,"featured_media":497203,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3,86487],"tags":[1144,65296,8686,40670,86442,86486,83584],"class_list":["post-497200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-matic","tag-btcusd","tag-ethbtc","tag-ethusd","tag-matic","tag-matic-price","tag-matic-up","tag-polygon"],"acf":[],"yoast_head":"\nDespite Polygon\u2019s Bullish Run, Buyers Struggle Near Resistance Of $1.0<\/title>\n<meta name=\"description\" content=\"The Polygon (MATIC) has had an impressive bull run seen in the last couple of days. 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Despite Polygon\u2019s Bullish Run, Buyers Struggle Near Resistance Of $1.0","url":"http:\/\/wncen.com\/news\/polygon-buyers-struggle-near-1-resistance\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/polygon-buyers-struggle-near-1-resistance\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polygon.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polygon.png?fit=894%2C506"},"articleSection":"MATIC","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["btcusd","ethbtc","ethusd","matic","matic price","matic up","polygon"],"dateCreated":"2022-08-01T13:10:02Z","datePublished":"2022-08-01T13:10:02Z","dateModified":"2022-08-01T13:10:02Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Despite Polygon\\u2019s Bullish Run, Buyers Struggle Near Resistance Of $1.0\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-buyers-struggle-near-1-resistance\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/polygon-buyers-struggle-near-1-resistance\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Polygon.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/08\\\/Polygon.png?fit=894%2C506\"},\"articleSection\":\"MATIC\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"btcusd\",\"ethbtc\",\"ethusd\",\"matic\",\"matic price\",\"matic up\",\"polygon\"],\"dateCreated\":\"2022-08-01T13:10:02Z\",\"datePublished\":\"2022-08-01T13:10:02Z\",\"dateModified\":\"2022-08-01T13:10:02Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/08\/Polygon.png?fit=894%2C506","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497200","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=497200"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/497200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/497203"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=497200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=497200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=497200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}