💵 According to AMBCrypto: MATIC’s $0.85 price target
At press time, bulls had formed support at $0.67. As long as this defense remains there, the value of the token might not drop below the point.
Furthermore, the Relative Strength Index (RSI) turned downwards, indicating a bearish momentum. With the trend displayed, Polygon’s price might not hit $0.70 soon.
However, if the RSI hits the oversold region, the cryptocurrency might recover. For the short-term price targets, the Fibonacci retracement showed that MATIC might swing between $0.62 and $0.67.
In addition, the Awesome Oscillator (AO) flashed green histogram bars, suggesting that the increasing downward momentum could be nullified.
If this is the case, the price of MATIC might head in the $0.71 direction where the 0.236 Fibonacci level was positioned.
