{"id":25221,"date":"2024-12-03T05:08:55","date_gmt":"2024-12-03T05:08:55","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=25221"},"modified":"2024-12-03T05:08:55","modified_gmt":"2024-12-03T05:08:55","slug":"matic-price-polygon-sets-stage-for-rally-0-80-in-sight","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=25221","title":{"rendered":"MATIC Price (Polygon) Sets Stage for Rally, $0.80 In Sight"},"content":{"rendered":"

MATIC price is showing positive signs from the $0.580 zone. Polygon is rising and might gain bullish momentum above the $0.70 resistance.<\/em><\/p>\n

MATIC price started a fresh increase above the $0.620 level against the US dollar.
\nThe price is trading above $0.650 and the 100-hour simple moving average.
\nThere was a break above a short-term bearish trend line with resistance at $0.6350 on the hourly chart of the MATIC\/USD pair (data source from Kraken).
\nThe pair could gain bullish momentum if it clears the $0.680 and $0.700 resistance levels.<\/p>\n

Polygon Price Aims Higher<\/h2>\n

After forming a base above the $0.5750 level, Polygon\u2019s price started a fresh increase above the $0.600 pivot level. MATIC is moving higher above the $0.620 level, like Ethereum<\/a> and Bitcoin<\/a>.<\/p>\n

There was a move above the $0.650 level. Besides, there was a break above a short-term bearish trend line with resistance at $0.6350 on the hourly chart of the MATIC\/USD pair. The pair tested the $0.680 resistance zone. It is now consolidating gains and is well above the 23.6% Fib retracement level of the upward move from the $0.5715 swing low to the $0.6800 high.<\/p>\n

MATIC is trading above $0.650 and the 100 simple moving average (4 hours). Immediate resistance is near the $0.680 zone. The first major resistance is near the $0.70 level.<\/p>\n

<\/a><\/p>\n

If there is an upside break above the $0.70 resistance level, the price could continue to rise. The next major resistance is near $0.750. A clear move above the $0.750 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.780 level or $0.80.<\/p>\n

Another Dip In MATIC?<\/h2>\n

If MATIC\u2019s price fails to rise above the $0.680 resistance level, it could start another decline. Immediate support on the downside is near the $0.650 level.<\/p>\n

The main support is near the $0.6250 level or the 50% Fib retracement level of the upward move from the $0.5715 swing low to the $0.6800 high. A downside break below the $0.6250 level could open the doors for a fresh decline toward $0.60. The next major support is near the $0.5750 level.<\/p>\n

Technical Indicators<\/p>\n

Hourly MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n

Hourly RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\n

Major Support Levels \u2013 $0.6500 and $0.6250.<\/p>\n

Major Resistance Levels \u2013 $0.6800 and $0.7000.<\/p>","protected":false},"excerpt":{"rendered":"

MATIC price is showing positive signs from the $0.580 zone. Polygon is rising and might gain bullish momentum above the $0.70 resistance. MATIC price started a fresh increase above the $0.620 level against the US dollar. The price is trading above $0.650 and the 100-hour simple moving average. There was a break above a short-term […]<\/p>\n","protected":false},"author":0,"featured_media":25222,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-25221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25221"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25221"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/25221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/25222"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}