Within a fortnight, the MATIC price rebounded twice from $1.08 support and revealed the formation of a double bottom pattern in the daily time frame chart. This famous bullish reversal pattern will allow buyers to recuperate the buying momentum and trigger a price rally to surpass the $1.25 neckline resistance. Here’s how you may trade patterns to grab a long-entry opportunity. Key Points  A bullish reversal from the $1.08 support may push the MATIC price 9% higher to hit $1.25 resistance. A potential bullish breakout of $1.25 will signal the resumption of the prevailing recovery phase. The intraday trading volume in the MATIC is $600 Million, indicating an 8.4% loss. Source- -Tradingview The ongoing recovery in Polygon coin price halts at a local resistance zone of $1.25-$1.245. Furthermore, the coin price has been rejected twice from the aforementioned resistance within a fortnight, indicating the sellers are aggressively defending this resistance. On the other hand, the MATIC price also showed lower price rejection candles at $1.08 the buyers are holding on to the reclaimed support levels. As a result, the selling climax at $1.08 and buying climax at $1.25 create a narrow range in the daily time frame chart. By the press time, the MATIC price traders at the $1.14 mark and rebounded from $1.08 support with a 4% jump. Also Read: Top 6 Liquid Staking Platforms On Ethereum Anyhow, this consolidation phase reveals the formation of a double bottom pattern. Under influence of a bullish pattern, the coin price should rise 9% to hit the $1.25 neckline resistance of the pattern. If altcoin breaks this overhead neckline, the buyers will gain significant footing to prolong the prevailing bullish rally. Thus, a resumed recovery may push the MATIC price to potential targets of $1.35, $1.44, or $1.54. Technical Indicators RSI: The daily RSI slope wavering around the midline indicates a neutral sentiment in the market. EMAs: the MATIC price sustaining above the 100-and-200-day EMAs maintain an overall bullish trend MATIC Coin Price Intraday Levels Spot rate: $1.152 Trend: Bullish Volatility: Medium Resistance levels- $1.25, and $1.35 Support levels- $1.08 and $1.04