Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
MATIC could see a bounce towards $0.9
A breakout past the range highs is not yet in sight though
MATIC has noted heavy losses over the past three days. Its price dropped from $0.945 to $0.811, a move that measured 14.21%. It was trading near the middle of a range, a zone that usually offers an unfeasible risk-to-reward trade for both bulls and bears.
The short-term trend for Bitcoin [BTC] was pointing south after Monday’s losses, but the $42.3k-level could change this outlook. Previously, AMBCrypto had reported that MATIC witnessed a spike in network activity.
MATIC saw rejection at $0.93, just like it did a month ago
Source: MATIC/USDT on TradingView
The range formation in question was highlighted in yellow on the 4-hour MATIC price chart. It stretched from $0.72 to $0.962, with the mid-range level at $0.841. Over the past month,
We współpracy z: https://ambcrypto.com/matics-price-might-soon-welcome-a-move-north-owing-to-this-prediction/
