Polygon (MATIC) price has shown remarkable recovery after a few weeks of consolidation. The price surged nearly 60% from the January lows. Today is not an exception but investors face some upside pressure near the crucial $2.0 level.
As of press time, MATIC/USD is trading at $2.01, up 3.85% for the day. Polygon records a drop in volume at $1.4 billion with the current market cap of $15 billion as per the CoinmarketCap.
Polygon (MATIC) books gains on Wednesday.
The price struggles below 50 SMA at $2.09.
The momentum oscillator favors the current upside momentum.
MATIC faces a decisive point on the daily chart
Polygon (MATIC) has been rising from the lows of $1.46, which also happens to be the double support for the price. This level was first tested by the bulls in November after retracting more than 30% from October’s high. Investors enters into a short-term upside momentum and touched all-time highs at $2.92 on December 27.
Source: Trading view
However, MATIC has lost 55% in total
We współpracy z: https://coingape.com/markets/polygonmatic-price-ready-to-take-out-2-45-are-you-buying/
