{"id":517692,"date":"2023-01-27T00:10:59","date_gmt":"2023-01-27T05:10:59","guid":{"rendered":"https:\/\/wncen.com\/?p=517692"},"modified":"2024-06-11T15:03:24","modified_gmt":"2024-06-11T15:03:24","slug":"matic-price-prediction-1-20","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic-price-prediction-1-20\/","title":{"rendered":"MATIC Price Prediction: Rallies 10%, Polygon Bulls Aim Big"},"content":{"rendered":"<p><em>MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone.<\/em><\/p>\n<ul>\n<li>MATIC price started a fresh rally above the $0.98 resistance against the US dollar.<\/li>\n<li>The price is trading above $0.98 and the 100 simple moving average (4-hours).<\/li>\n<li>There was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise towards the $1.18 and $1.20 resistance levels.<\/li>\n<\/ul>\n<h2>Polygon\u2019s MATIC Price Rallies Above $1<\/h2>\n<p>This week, polygon\u2019s price formed a strong base above the $0.900 zone. \u00a0MATIC remained stable and started a fresh increase above the $0.95 resistance zone.<\/p>\n<p>There was a strong move above the $1.0 level and the 100 simple moving average (4-hours). Besides, there was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair.<\/p>\n<p>The price traded to a new yearly high at $1.1298 and is currently consolidating gains. It is trading above $0.98 and the 100 simple moving average (4-hours). It is also trading near the 23.6% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high.<\/p>\n<p>It is up over 10% in a day, outperforming <a href=\"https:\/\/wncen.com\/analysis\/btc\/bitcoin-price-holds-support-22-4k\/\" target=\"_blank\" rel=\"noopener \">bitcoin<\/a> and <a href=\"https:\/\/wncen.com\/analysis\/eth\/ethereum-price-rejection-1640\/\" target=\"_blank\" rel=\"noopener \">ethereum<\/a>. On the upside, an immediate resistance is near the $1.12 level. The first major resistance is forming near the $1.15 zone.<\/p>\n<p><a href=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-517693\" src=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?resize=1834%2C845\" alt=\"Polygon\u2019s MATIC Price Rallies Above $1\" width=\"1834\" height=\"845\" srcset=\"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?w=1834 1834w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?w=460 460w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?w=768 768w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?w=860 860w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?w=1536 1536w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?w=750 750w, https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/MATIC-1.png?w=1140 1140w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\"><\/a><\/p>\n<p>Source: <a href=\"https:\/\/www.tradingview.com\/symbols\/MATICUSD\/\" target=\"_blank\" rel=\"noopener nofollow\">MATICUSD on TradingView.com<\/a><\/p>\n<p>If there is an upside break above the $1.12 and $1.15 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.20 level.<\/p>\n<h2>Dips Limited in MATIC?<\/h2>\n<p>If MATIC price fails to rise above the $1.12 and $1.15 resistance levels, it could start a downside correction. An immediate support on the downside is near the $1.080 level.<\/p>\n<p>The main support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high. A downside break below the $1.050 level could open the doors for a fresh decline towards $0.98. The next major support is near the $0.92 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4-hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4-hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $1.05 and $0.98.<\/p>\n<p>Major Resistance Levels \u2013 $1.12, $1.15 and $1.20.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone. MATIC price started a fresh rally above the $0.98 resistance against the US dollar. The price is trading above $0.98 and the 100 simple moving average (4-hours). There was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair (data source from Kraken). The pair could continue to rise towards the $1.18 and $1.20 resistance levels. Polygon\u2019s MATIC Price Rallies Above $1 This week, polygon\u2019s price formed a strong base above the $0.900 zone. \u00a0MATIC remained stable and started a fresh increase above the $0.95 resistance zone. There was a strong move above the $1.0 level and the 100 simple moving average (4-hours). Besides, there was a break above a key contracting triangle with resistance near $1.02 on the 4-hours chart of the MATIC\/USD pair. The price traded to a new yearly high at $1.1298 and is currently consolidating gains. It is trading above $0.98 and the 100 simple moving average (4-hours). It is also trading near the 23.6% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high. It is up over 10% in a day, outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $1.12 level. The first major resistance is forming near the $1.15 zone. Source: MATICUSD on TradingView.com If there is an upside break above the $1.12 and $1.15 resistance levels, the price could start another strong increase. In the stated case, the price could rise steadily towards the $1.20 level. Dips Limited in MATIC? If MATIC price fails to rise above the $1.12 and $1.15 resistance levels, it could start a downside correction. An immediate support on the downside is near the $1.080 level. The main support is near the $1.050 level or the 50% Fib retracement level of the upward move from the $0.942 swing low to $1.129 high. A downside break below the $1.050 level could open the doors for a fresh decline towards $0.98. The next major support is near the $0.92 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 above the 50 level. Major Support Levels \u2013 $1.05 and $0.98. Major Resistance Levels \u2013 $1.12, $1.15 and $1.20.<\/p>\n","protected":false},"author":67,"featured_media":517694,"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":[],"class_list":["post-517692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"\n<title>MATIC Price Prediction: Rallies 10%, Polygon Bulls Aim Big<\/title>\n<meta name=\"description\" content=\"MATIC price started a fresh increase from the $0.920 support zone. Polygon bulls are now aiming more gains above the $1.12 resistance zone. 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Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one of the foremost authorities in the fields of Forex and crypto trading. With a meticulous eye for detail and an unwavering commitment to excellence, Aayush honed his craft over the years, mastering the art of technical analysis and chart interpretation. As a software engineer, Aayush harnesses the power of technology to optimize trading strategies and develop innovative solutions for navigating the volatile waters of financial markets. 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: Rallies 10%, Polygon Bulls Aim Big","url":"http:\/\/wncen.com\/news\/matic-price-prediction-1-20\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/matic-price-prediction-1-20\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/shutterstock_589406480.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/01\/shutterstock_589406480.jpg?fit=1000%2C660"},"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":[],"dateCreated":"2023-01-27T05:10:59Z","datePublished":"2023-01-27T05:10:59Z","dateModified":"2024-06-11T15:03:24Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Price Prediction: Rallies 10%, Polygon Bulls Aim Big\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-price-prediction-1-20\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-price-prediction-1-20\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/shutterstock_589406480.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/01\\\/shutterstock_589406480.jpg?fit=1000%2C660\"},\"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\":[],\"dateCreated\":\"2023-01-27T05:10:59Z\",\"datePublished\":\"2023-01-27T05:10:59Z\",\"dateModified\":\"2024-06-11T15:03:24Z\"}<\/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\/2023\/01\/shutterstock_589406480.jpg?fit=1000%2C660","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517692","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\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=517692"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/517692\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/517694"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=517692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=517692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=517692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}