💵 According to AMBCrypto: $MATIC Road Ahead

Since metrics suggested a price correction, AMBCrypto then checked MATIC’s daily chart to better understand whether MATIC would be able to break above $0.77 anytime soon.

We found that, like metrics, most indicators also remained bearish on Polygon. The Bollinger Bands pointed out that MATIC’s price was in a less volatile zone.

On top of that, both MATIC’s Money Flow Index (MFI) and Chaikin Money Flow (CMF) registered downticks. This indicated that the token’s bull rally might come to an end soon.

Nonetheless, the MACD supported buyers as it displayed a bullish crossover.

If a utopian scenario is considered in which MATIC sustains its bully rally, it still might have to overcome an obstacle.

AMBCrypto’s analysis of Hyblock Capital’s data revealed that MATIC’s liquidation would rise sharply near the $0.76 mark. Whenever liquidation rises, it increases the chances of a price correction.

Therefore, MATIC might successfully go above that level before setting eyes on $0.77 resistance.