⭐Polygon Price Analysis Hints Major Reversal to $1.5 As Buye

--・1.6k views

⭐Polygon Price Analysis Hints Major Reversal to $1.5 As Buyers Hit Key Resistance 📉 Polygon Price Sideways MATIX, Polygon's native cryptocurrency, has been trading sideways since last week, struggling to surpass the $0.768 resistance amid uncertainty around the Spot ETH ETF. ↔️ Consolidation Period The consolidation mirrors Ethereum's movements, with MATIC trading between $0.768 and $0.64 since mid-April, hinting at indecision among buyers and sellers. 📈 Potential Uptrend Signal Trader alicharts highlighted a buy signal on the $MATIC weekly chart, suggesting a potential uptrend and a break of overhead resistance. 🚀 Anticipated Trend Reversal If the pattern holds, Polygon could see a 52% surge to hit $1.15, signaling a major trend reversal. 📊 Technical Indicator Bollinger Band: The flattish trend indicates a neutral market, awaiting a breakout for directional movement.Average Directional Index: The falling slope suggests stabilization from prior downtrends, giving sellers an opportunity to break bottom support.

⭐Polygon Price Analysis Hints Major Reversal to $1.5 As Buyers Hit Key Resistance 

📉 Polygon Price Sideways
MATIX, Polygon's native cryptocurrency, has been trading sideways since last week, struggling to surpass the $0.768 resistance amid uncertainty around the Spot ETH ETF.
↔️ Consolidation Period
The consolidation mirrors Ethereum's movements, with MATIC trading between $0.768 and $0.64 since mid-April, hinting at indecision among buyers and sellers.
📈 Potential Uptrend Signal
Trader alicharts highlighted a buy signal on the $MATIC weekly chart, suggesting a potential uptrend and a break of overhead resistance.
🚀 Anticipated Trend Reversal
If the pattern holds, Polygon could see a 52% surge to hit $1.15, signaling a major trend reversal.
📊 Technical Indicator
Bollinger Band: The flattish trend indicates a neutral market, awaiting a breakout for directional movement.Average Directional Index: The falling slope suggests stabilization from prior downtrends, giving sellers an opportunity to break bottom support.