Polygons Bearish Fatigue: Above $0.60, Whats Next?

By Lola Coin Jun 27, 202358Views

Polygon (MATIC) price has been moving in a limited trading range in the lower part of the chart, with a long-term bearish forecast. The bears pushed the price to a low of $0.75, and it fell even further to $0.50 before the bulls bought the dips. Currently, Polygon is trading at $0.66 within a range of $0.60 to $0.70 per unit. The resistance at $0.70 has halted the upward movement. The altcoin reached its required bottom at $0.57 and could reach $1.00 if the price remains above the moving average lines. However, Polygon is limited to a small range below $0.70. The altcoin is correcting higher but is stuck at the 21-day line SMA, indicating a downtrend. The next move for Polygon is uncertain, but it has consolidated above the support level of $0.60.

Continue reading on Coinidol.com

Read Disclaimer

This content is aimed at sharing knowledge, it's not a direct proposal to transact, nor a prompt to engage in offers. Lolacoin.org doesn't provide expert advice regarding finance, tax, or legal matters. Caveat emptor applies when you utilize any products, services, or materials described in this post. In every interpretation of the law, either directly or by virtue of any negligence, neither our team nor the poster bears responsibility for any detriment or loss resulting. Dive into the details on Critical Disclaimers and Risk Disclosures.