There have been remarkable developments on the Polygon (MATIC) front recently. MATIC price has been in the oversold territory lately, which could indicate a potential buying opportunity in the near future.
While Polygon price has been declining steadily over the last month and a half, it is now seen as having bullish potential by many analysts. Changing market conditions and increasing demand for MATIC may contribute to an increase in its price. MATIC price has already fallen into the oversold zone, which means the downtrend may subside.
The Relative Strength Index (RSI) currently shows that the altcoin is oversold, indicating that the price could reverse in the near future. RSI means that the asset has been sold too aggressively and the time for recovery is approaching. Such RSI levels are generally seen as potential buying opportunities and it is predicted that the downtrend may end as the selling pressure decreases.
Additionally, market data reveals a remarkable statistic regarding MATIC's hold addresses. Considering that currently less than 8% of all MATIC hold addresses are in a profitable position, this could significantly impact market movements. The fact that many asset owners are at a loss or have not yet made a profit may reduce selling pressure.
MATIC price is currently trading at $0.50 on the three-day chart. This level aims to move towards the next major resistance at $0.60 if the upward move continues. If this resistance is overcome, MATIC is likely to enter a new consolidation period between $0.75 and $0.64.
However, a failed resistance breach during this period could keep the price in the $0.53 to $0.64 range, limiting investors' profit opportunity. This could invalidate the bullish scenario and cause MATIC price to remain lower until stronger bullish signs emerge.
FOR THE GIFT OF 10 DOLLARS, PLEASE READ CAREFULLY.
My friends, you know that we, the publishers, are doing everything we can for you here. We are informing you about the services and facilities offered to us by our authorities. I have never stopped supporting both the Cryptocurrency market and you as much as I could, and on the contrary, I am trying to provide more support.
THIS 10 DOLLAR GIFT CAMPAIGN IS A CAMPAIGN MADE SPECIALLY FOR ME BY BINACE. YOU CAN GET THE CONFIRMATION I SAID ABOUT THIS BY CONTACTING LIVE HELP. THIS IS A 10 DOLLAR CAMPAIGN MADE TO YOU THROUGH ME.
Now I will tell you how to receive your gift. First of all, Binance users who have registered with someone's reference and actively use futures transactions will unfortunately not be able to benefit from this promotion.
So who will benefit?
Our friends who have not activated the futures section yet, while activating your FUTURES trading section, you will earn 10 dollars when you open it by entering my reference code 88623008.
I EXPLAIN IN DETAIL.
My brothers and sisters who have become a Binance member without reference, please listen carefully;
When you do what I say, you will receive 10 USDT.
Enter the Futures Section from your application,
On the next screen, open your account by entering the code 88623008 in the REFERENCE CODE section,
My brothers and sisters who want to complete this transaction and receive the 10 USDT reward by MAY 1 can do so. After activating your account, all you have to do is open your first futures transaction.
The first 1,000 brothers to open a 200 USDT transaction by MAY 1 will receive a 10 USDT reward.
So let me give you a tactic like this: Even if you open and close 20x with a $5 transaction, you will be entitled to the reward.
However, even if you do this after May 1, your reward will not come. So get it done by May 1st. In fact, right now I say you can fix it in 5 seconds.
Very simple. Go to Futures, enter my reference code 88623008 and activate the account. Afterwards, just open a total of 200 USDT transactions and get 10 USDT reward.
WHEN WILL THE AWARD COME?
Your 10 dollar reward will arrive in the REWARDS section of your Binance application within 30 days, starting from May 1st. By activating it from there, you can use your reward of 10 dollars, or more than 300 liras, in futures transactions.
You can help your friends in need by sharing this post.
BY THE WAY, MY BROTHERS, PLEASE DON'T MISS YOUR LIKES. EVERY SHARE IS FOR YOU. SO DON'T WITHHOLD YOUR SUPPORT. IF YOU HAVE NOT FOLLOWED YET, DON'T FORGET TO FOLLOW. KIND REGARDS.