đ” According to AMBCrypto: $MATIC Road Ahead
Since metrics suggested a price correction, AMBCrypto then checked MATICâs 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 MATICâs price was in a less volatile zone.
On top of that, both MATICâs Money Flow Index (MFI) and Chaikin Money Flow (CMF) registered downticks. This indicated that the tokenâs 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.
AMBCryptoâs analysis of Hyblock Capitalâs data revealed that MATICâs 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.Â