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{"id":510720,"date":"2022-12-01T00:38:38","date_gmt":"2022-12-01T05:38:38","guid":{"rendered":"https:\/\/wncen.com\/?p=510720"},"modified":"2024-06-11T13:11:43","modified_gmt":"2024-06-11T13:11:43","slug":"matic-price-prediction-rally-1-12","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic-price-prediction-rally-1-12\/","title":{"rendered":"MATIC Price Prediction: Bulls Aim Fresh Rally To $1.12"},"content":{"rendered":"

MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone.<\/em><\/p>\n

\n
MATIC price started a decent increase above the $0.90 resistance against the US dollar.<\/li>\n
The price is trading above $0.90 and the 100 simple moving average (4-hours).<\/li>\n
There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rise towards the $1.00 and $1.12 resistance levels.<\/li>\n<\/ul>\n
Polygon\u2019s MATIC Price Eyes Steady Increase<\/h2>\n
This past month, polygon\u2019s price declined below the $1.0 support zone. MATIC even broke the $0.85 support zone and the 100 simple moving average (4-hours).<\/p>\n
However, the bulls were active near the $0.765 support zone. A low was formed near $0.7642 and the price started a decent recovery wave. The price was able to clear the $0.80 and $0.85 resistance levels. There was a break above the 23.6% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low.<\/p>\n
Besides, there was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair. The pair is now trading above $0.90 and the 100 simple moving average (4-hours).<\/p>\n
It gained over 5% today, outperforming bitcoin<\/a> and ethereum<\/a>. On the upside, an immediate resistance is near the $0.9580 level. The first major resistance is forming near the $1.00 zone. It is near the 50% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low.<\/p>\n
$\"Polygon\u2019s$ <\/a><\/p>\n
Source: MATICUSD on TradingView.com<\/a><\/p>\n
If there is an upside break above the $0.98 and $1.00 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.12 level.<\/p>\n
Dips Limited in MATIC?<\/h2>\n
If MATIC price rise above the $0.958 and $1.00 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.90 level.<\/p>\n
The main support is near the $0.850 level and the 100 simple moving average (4-hours). A downside break below the $0.850 level could open the doors for a fresh decline towards $0.80. The next major support is near the $0.725 level.<\/p>\n
Technical Indicators<\/p>\n
4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n
4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now in the overbought zone.<\/p>\n
Major Support Levels \u2013 $0.90 and $0.85.<\/p>\n
Major Resistance Levels \u2013 $0.95, $0.98 and $1.00.<\/p>\n","protected":false},"excerpt":{"rendered":"
MATIC price started a fresh increase from the $0.765 support zone. Polygon bulls are now aiming a fresh increase above the $1.00 resistance zone. MATIC price started a decent increase above the $0.90 resistance against the US dollar. The price is trading above $0.90 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken). The pair could continue to rise towards the $1.00 and $1.12 resistance levels. Polygon\u2019s MATIC Price Eyes Steady Increase This past month, polygon\u2019s price declined below the $1.0 support zone. MATIC even broke the $0.85 support zone and the 100 simple moving average (4-hours). However, the bulls were active near the $0.765 support zone. A low was formed near $0.7642 and the price started a decent recovery wave. The price was able to clear the $0.80 and $0.85 resistance levels. There was a break above the 23.6% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Besides, there was a break above a key contracting triangle with resistance at $0.850 on the 4-hours chart of the MATIC\/USD pair. The pair is now trading above $0.90 and the 100 simple moving average (4-hours). It gained over 5% today, outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $0.9580 level. The first major resistance is forming near the $1.00 zone. It is near the 50% Fib retracement level of the main drop from the $1.231 swing high to $0.764 low. Source: MATICUSD on TradingView.com If there is an upside break above the $0.98 and $1.00 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.12 level. Dips Limited in MATIC? If MATIC price rise above the $0.958 and $1.00 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.90 level. The main support is near the $0.850 level and the 100 simple moving average (4-hours). A downside break below the $0.850 level could open the doors for a fresh decline towards $0.80. The next major support is near the $0.725 level. Technical Indicators 4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now in the overbought zone. Major Support Levels \u2013 $0.90 and $0.85. Major Resistance Levels \u2013 $0.95, $0.98 and $1.00.<\/p>\n","protected":false},"author":67,"featured_media":510722,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[1558,40670,87091,87092,76656,79614,83584,86787],"class_list":["post-510720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-cryptocurrency","tag-matic","tag-matic-price-analysis","tag-matic-technical-analysis","tag-maticusd","tag-maticusdt","tag-polygon","tag-polygon-matic"],"acf":[],"yoast_head":"\nMATIC Price Prediction: Bulls Aim Fresh Rally To $1.12<\/title>\n<meta name=\"description\" content=\"MATIC price started a fresh increase from the $0.765 support zone. 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His background in software engineering has equipped him with a unique skill set, enabling him to leverage cutting-edge tools and algorithms to gain a competitive edge in an ever-evolving landscape. In addition to his roles in finance and technology, Aayush serves as the director of a prestigious IT company, where he spearheads initiatives aimed at driving digital innovation and transformation. Under his visionary leadership, the company has flourished, cementing its position as a leader in the tech industry and paving the way for groundbreaking advancements in software development and IT solutions. Despite his demanding professional commitments, Aayush is a firm believer in the importance of work-life balance. An avid traveler and adventurer, he finds solace in exploring new destinations, immersing himself in different cultures, and forging lasting memories along the way. Whether he's trekking through the Himalayas, diving in the azure waters of the Maldives, or experiencing the vibrant energy of bustling metropolises, Aayush embraces every opportunity to broaden his horizons and create unforgettable experiences. Aayush's journey to success is marked by a relentless pursuit of excellence and a steadfast commitment to continuous learning and growth. His academic achievements are a testament to his dedication and passion for excellence, having completed his software engineering with honors and excelling in every department. At his core, Aayush is driven by a profound passion for analyzing markets and uncovering profitable opportunities amidst volatility. Whether he's poring over price charts, identifying key support and resistance levels, or providing insightful analysis to his clients and followers, Aayush's unwavering dedication to his craft sets him apart as a true industry leader and a beacon of inspiration to aspiring traders around the globe. In a world where uncertainty reigns supreme, Aayush Jindal stands as a guiding light, illuminating the path to financial success with his unparalleled expertise, unwavering integrity, and boundless enthusiasm for the markets.","sameAs":["https:\/\/www.linkedin.com\/in\/aayush-jindal-358b6932\/","https:\/\/x.com\/twitter.com\/AayushJs"],"url":"https:\/\/wncen.com\/author\/aayushjindal\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MATIC Price Prediction: Bulls Aim Fresh Rally To $1.12","url":"http:\/\/wncen.com\/news\/matic-price-prediction-rally-1-12\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/matic-price-prediction-rally-1-12\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/shutterstock_584552989.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2022\/12\/shutterstock_584552989.jpg?fit=1000%2C667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Aayush Jindal"}],"creator":["Aayush Jindal"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["cryptocurrency","matic","matic price analysis","matic technical analysis","maticusd","maticusdt","polygon","polygon (matic)"],"dateCreated":"2022-12-01T05:38:38Z","datePublished":"2022-12-01T05:38:38Z","dateModified":"2024-06-11T13:11:43Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Price Prediction: Bulls Aim Fresh Rally To $1.12\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-price-prediction-rally-1-12\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-price-prediction-rally-1-12\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/shutterstock_584552989.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/shutterstock_584552989.jpg?fit=1000%2C667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Aayush Jindal\"}],\"creator\":[\"Aayush Jindal\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"cryptocurrency\",\"matic\",\"matic price analysis\",\"matic technical analysis\",\"maticusd\",\"maticusdt\",\"polygon\",\"polygon (matic)\"],\"dateCreated\":\"2022-12-01T05:38:38Z\",\"datePublished\":\"2022-12-01T05:38:38Z\",\"dateModified\":\"2024-06-11T13:11:43Z\"}<\/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\/12\/shutterstock_584552989.jpg?fit=1000%2C667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/510720"}],"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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=510720"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/510720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/510722"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=510720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=510720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=510720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}