$MATIC /USD - #Polygon US Dollar Technical Indicator's - June 12, 2024
In the latest technical Indicators for $MATIC /USD - Polygon US Dollar, indicators point towards a strong sell sentiment without explicitly suggesting buying or selling actions.
Technical Indicators
The Relative Strength Index (RSI) is at 34.057, signaling moderate selling pressure. Both the Stochastic Oscillator (STOCH) and the Stochastic RSI (STOCHRSI) are in oversold territory, indicating a potential reversal in price. The Moving Average Convergence Divergence (MACD) is negative at -0.018, suggesting a bearish trend. The Average Directional Index (ADX) at 29.929 indicates a moderate downtrend. Additionally, the Williams %R, Commodity Channel Index (CCI), Highs/Lows, Ultimate Oscillator, Rate of Change (ROC), and Bull/Bear Power all suggest a negative sentiment, with most in oversold conditions.
Moving Averages
The moving averages summary indicates a strong sell sentiment, with all 12 moving averages signaling a negative trend. Short to long-term moving averages, including MA5, MA10, MA20, MA50, MA100, and MA200, all indicate a downward trajectory in price.
Pivot Points
Pivot point analysis reveals potential support and resistance levels. The central pivot point is at 0.6269, with support levels identified at 0.5619, 0.5867, and 0.6021, and resistance levels at 0.6423, 0.6671, and 0.6825.
In conclusion, based on the technical indicators, MATIC/USD - Polygon US Dollar currently demonstrates a strong sell sentiment, with oversold conditions and negative trends across various metrics.$MATIC