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{"id":528609,"date":"2023-04-26T05:03:07","date_gmt":"2023-04-26T05:03:07","guid":{"rendered":"https:\/\/wncen.com\/?p=528609"},"modified":"2024-06-11T14:35:45","modified_gmt":"2024-06-11T14:35:45","slug":"matic-price-prediction-polygon-1-08","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/matic-price-prediction-polygon-1-08\/","title":{"rendered":"MATIC Price Prediction: Polygon Recovery Faces Many Hurdles"},"content":{"rendered":"

MATIC price is recovering from the $0.95 support zone. Polygon might rise further but there is a major barrier forming near the $1.080 zone.<\/em><\/p>\n

\n
MATIC price is attempting a recovery wave above the $1.00 resistance against the US dollar.<\/li>\n
The price is trading below $1.10 and the 100 simple moving average (4 hours).<\/li>\n
There was a break above a key bearish trend line with resistance near $0.975 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n
The pair could continue to rise if it clears the $1.008 resistance zone.<\/li>\n<\/ul>\n
Polygon\u2019s MATIC Price Faces Resistance<\/h2>\n
In the past few days, Polygon\u2019s price saw a steady decline from well above $1.12. MATIC declined below the $1.00 support to move into a bearish zone.<\/p>\n
A low is formed near $0.952 and the price is now attempting a recovery wave, similar to Bitcoin<\/a> and Ethereum<\/a>. The price was able to climb above $0.980. Besides, there was a break above a key bearish trend line with resistance near $0.975 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n
The price is still trading below $1.10 and the 100 simple moving average (4 hours). It is now facing resistance near the $1.008 level or the 23.6% Fib retracement level of the downward move from the $1.191 swing high to the $0.952 low.<\/p>\n
If there is an upside break above the $1.008 resistance level, the price could continue to recover. The next major resistance is near $1.08 or the 50% Fib retracement level of the downward move from the $1.191 swing high to the $0.952 low.<\/p>\n
$\"MATIC$ <\/a><\/p>\n
Source: MATICUSD on TradingView.com<\/a><\/p>\n
A clear move above the $1.08 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $1.15 level or $1.20.<\/p>\n
More Losses in MATIC?<\/h2>\n
If MATIC\u2019s price fails to rise above the $1.008 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.98 level.<\/p>\n
The main support is near the $0.95 level. A downside break below the $0.95 level could open the doors for a fresh decline toward $0.88. The next major support is near the $0.82 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 near the 50 level.<\/p>\n
Major Support Levels \u2013 $0.98 and $0.95.<\/p>\n
Major Resistance Levels \u2013 $1.008, $1.08, and $1.12.<\/p>\n","protected":false},"excerpt":{"rendered":"
MATIC price is recovering from the $0.95 support zone. Polygon might rise further but there is a major barrier forming near the $1.080 zone. MATIC price is attempting a recovery wave above the $1.00 resistance against the US dollar. The price is trading below $1.10 and the 100 simple moving average (4 hours). There was a break above a key bearish trend line with resistance near $0.975 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken). The pair could continue to rise if it clears the $1.008 resistance zone. Polygon\u2019s MATIC Price Faces Resistance In the past few days, Polygon\u2019s price saw a steady decline from well above $1.12. MATIC declined below the $1.00 support to move into a bearish zone. A low is formed near $0.952 and the price is now attempting a recovery wave, similar to Bitcoin and Ethereum. The price was able to climb above $0.980. Besides, there was a break above a key bearish trend line with resistance near $0.975 on the 4-hour chart of the MATIC\/USD pair. The price is still trading below $1.10 and the 100 simple moving average (4 hours). It is now facing resistance near the $1.008 level or the 23.6% Fib retracement level of the downward move from the $1.191 swing high to the $0.952 low. If there is an upside break above the $1.008 resistance level, the price could continue to recover. The next major resistance is near $1.08 or the 50% Fib retracement level of the downward move from the $1.191 swing high to the $0.952 low. Source: MATICUSD on TradingView.com A clear move above the $1.08 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $1.15 level or $1.20. More Losses in MATIC? If MATIC\u2019s price fails to rise above the $1.008 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.98 level. The main support is near the $0.95 level. A downside break below the $0.95 level could open the doors for a fresh decline toward $0.88. The next major support is near the $0.82 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 near the 50 level. Major Support Levels \u2013 $0.98 and $0.95. Major Resistance Levels \u2013 $1.008, $1.08, and $1.12.<\/p>\n","protected":false},"author":67,"featured_media":519833,"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":[40670,76656,79614,83584],"class_list":["post-528609","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-matic","tag-maticusd","tag-maticusdt","tag-polygon"],"acf":[],"yoast_head":"\nMATIC Price Prediction: Polygon Recovery Faces Many Hurdles<\/title>\n<meta name=\"description\" content=\"MATIC price is recovering from the $0.95 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: Polygon Recovery Faces Many Hurdles","url":"http:\/\/wncen.com\/news\/matic-price-prediction-polygon-1-08\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/matic-price-prediction-polygon-1-08\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/shutterstock_1100038610.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/02\/shutterstock_1100038610.jpg?fit=1827%2C1080"},"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":["matic","maticusd","maticusdt","polygon"],"dateCreated":"2023-04-26T05:03:07Z","datePublished":"2023-04-26T05:03:07Z","dateModified":"2024-06-11T14:35:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MATIC Price Prediction: Polygon Recovery Faces Many Hurdles\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-price-prediction-polygon-1-08\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/matic-price-prediction-polygon-1-08\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_1100038610.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/02\\\/shutterstock_1100038610.jpg?fit=1827%2C1080\"},\"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\":[\"matic\",\"maticusd\",\"maticusdt\",\"polygon\"],\"dateCreated\":\"2023-04-26T05:03:07Z\",\"datePublished\":\"2023-04-26T05:03:07Z\",\"dateModified\":\"2024-06-11T14:35:45Z\"}<\/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\/02\/shutterstock_1100038610.jpg?fit=1827%2C1080","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/528609","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=528609"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/528609\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/519833"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=528609"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=528609"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=528609"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}