📈LONG: $MATIC (1D)

#MATICUSDT | #MATIC | #Polygon

Current Price $0.59

Market Cap $5.46B

Change 1h +1.93% | 24h -2.83%

Daily Indicators:

• RSI: 32 - Neutral 🟠

• MACD: -0 - Bearish 🔴

• EMA: 0.68 - Below 🔴

Analysis:

MATIC is currently trading at 0.5851 USDT, showing a downtrend on the daily chart. The price has been exhibiting consistent lower highs and lower lows, indicating bearish momentum. The price has recently dipped below a key support level near 0.6200 USDT.

Price Targets:

If the bearish trend continues, the next support level to watch is around 0.5200 USDT. On the upside, potential resistance levels are at 0.6200 USDT and then at 0.7400 USDT. For a bullish reversal, breaking above 0.8000 USDT could signal further gains towards 1.0000 USDT.

$MATIC #DYOR