{"id":610594,"date":"2025-05-30T11:30:23","date_gmt":"2025-05-30T11:30:23","guid":{"rendered":"https:\/\/wncen.com\/?p=610594"},"modified":"2025-05-30T10:49:01","modified_gmt":"2025-05-30T10:49:01","slug":"matic-in-consolidation-key-price-levels-to-watch-after-a-breakout","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic\/matic-in-consolidation-key-price-levels-to-watch-after-a-breakout\/","title":{"rendered":"MATIC In Consolidation: Key Price Levels To Watch After A Breakout"},"content":{"rendered":"
For a while now, the price of MATIC has been in a consolidation zone, moving between $0.7730 and $0.6233,\u00a0 forming a bearing triangle flag in the process. This is a result of the drop from its high of $0.9288 that happened days ago which led to MATIC dropping by over 25%.\u00a0<\/span><\/p>\n Although the price of<\/span> MATIC <\/span><\/a>is still consolidating, it is building up momentum for a potential breakout. So taking a trade at this point is not advisable until a breakout occurs which can be either above the consolidation zone or below it.<\/span><\/p>\n In this article, we will dive into the possible price actions when a potential <\/span>breakout<\/span><\/a> from the consolidation occurs. Lately, MATIC’s price and market cap have dropped, suggesting that the bulls may be waiting out this spike.<\/span><\/p>\n As of the time of writing, MATIC\u2019s price was down by 2.97%, trading around $0,6926 below the 100-day Simple Moving Average (SMA) in the last 24 hours.\u00a0<\/span>Its market capitalization has decreased by over 5% in the past day to $6.91 billion. Meanwhile, its trading volume has risen to $374 million, indicating a more than 1% increase in the past day.<\/p>\n Looking at the 4-hour timeframe chart, MATIC is attempting to break below the 100-day moving average, suggesting that prices might break below the consolidation zone and move<\/span> bearishly.<\/span><\/a><\/p>\n <\/p>\n Also, using the Relative Strength Index (RSI) to analyze the price action in the 4-hour timeframe, we can see that the RSI line has crossed below the 50% level, heading toward the oversold zone, suggesting that the price might break below the consolidation zone.<\/p>\n Meanwhile, in the daily time frame,\u00a0 it can also be observed that the price attempts to break below the bearish triangle out of the consolidation zone below the 100-day simple moving average.<\/span><\/p>\n <\/p>\n The 1-day RSI also suggests that the price of MATIC might break below the consolidation as the RSI signal line has broken below the 50% level and is heading toward the oversold zone. Specifically, this indicates that sellers weaken buyers in the market.<\/span><\/p>\n With this strength of the sellers in the market, MATIC will continue to move downward when there is a break out below the consolidation zone.<\/span><\/p>\n Conclusively, if there is a break out above the consolidation zone, MATIC will continue to move upward toward the $0.9488 resistance level. If the price breaks this resistance level, it could rise even higher to test the resistance level of $1.0968.<\/span><\/p>\n On the contrary, should MATIC’s price break below the consolidation zone, in continuation of its downtrend the price might begin to move toward the $0.5030 support level. It might continue to move downward toward the 0.3132 support level if the price breaks below this level.<\/span><\/p>\nMATIC On The 4-hour Chart<\/strong><\/h2>\n
Potential Price Actions In The Event Of A Breakout<\/strong><\/h2>\n