MATIC’s price is flashing a buy signal; here’s what you should do 🔔📈
📉 Polygon’s (MATIC) 21.57% correction in the last seven days might soon end if analyst Ali Martinez's prediction holds true. According to Martinez, the Tom DeMark (TD) Sequential flashed a buy signal for MATIC, indicating potential trend exhaustion.
🔄 At press time, MATIC’s price was $0.95, showing a 3.20% jump within the last hour, suggesting a possible bounce off the $0.92 support.
📊 The liquidation heatmap revealed a cluster of liquidity around $1.18, indicating potential resistance. However, if bulls break through, the next target could be around $1.30.
📈 The Funding Rate for MATIC was 0.015%, suggesting a bullish sentiment as perp sellers decreased, indicating aggressive buying from spot traders.
🔄 MATIC’s one-day circulation dropped to 61.9 million, indicating decreased token usage and potentially less selling pressure, supporting a rebound in price.
