MATIC ascending triangle breakout? 📈
From the daily chart, MATIC presents an ascending triangle pattern. This pattern is generally considered a signal of bullish consolidation, suggesting that there may be further room for upside. According to the current technical analysis, MATIC to $0.550 or $0.570.
Technical Analysis Points
Ascending Triangle Pattern: The ascending triangle is a bullish technical pattern that usually appears in the relay stage of an uptrend. The pattern shows that the market's buying power is gradually increasing, and the possibility of breaking through the upper resistance level increases. Key resistance levels: $0.550 and $0.570 are two important target price levels. If the upper boundary of the MATIC shape is broken, these two price levels may become the next resistance points.
