The technical chart of MATIC/USD shows a steady uptrend for this coin. The price currently is in a recovery phase where to aims to breach the overhead resistance $2.2 mark. Moreover, there are few recent news that would interest the crypto investors about this coin; click here to read more.
Key technical points:
The MATIC daily RSI line shows a bearish divergence in its chart.
The 100-day EMA provides good support to MATIC price
The intraday trading volume in the MATIC coin is $3.58 Billion, indicating a 56.68% hike.
Source- MATIC/USD chart by Tradingview
As mentioned in my previous article on MATIC/USD, the coin indicated a classic rally of higher highs and lower highs in its chart. The last time the price was in a retracement phase, it made a new lower low to the 0.618 Fibonacci retracement level, i.e., the $1.45 mark.
After bouncing back from this level, the price displayed an impressive V-shaped recovery in this chart and returned to retest the previous swing high resistance.
We współpracy z: https://coingape.com/matic-price-analysis-a-v-shaped-recovery-in-polygon-is-ready-to-challenge-the-previous-swing-high-for-a-bullish-breakout/
