đ $MATIC (1D)
Analysis:
MATIC is shaping an ascending triangle within a broadening wedge, suggesting an upcoming breakout. This pattern is often seen as bullish, highlighting potential upward movement. Financial insights by CobraVanguard indicate that a breakout might drive prices towards the top of the wedge.
Price Targets:
Key levels to watch are $0.50, $0.54, and $0.63. These can act as resistance points on the way up. If the pattern holds, aiming for the top of the wedge could take MATIC to around $0.63, making it an exciting watch for traders.
