Unveiling MATIC's Price Dynamics

182
During the preceding month, MATIC experienced a decline in its support levels, ranging from $1 to $0.95, primarily attributable to a decrease in demand. As these levels now serve as resistance, there is a renewed downward trajectory towards the range of $0.82 to $0.74. Notably, a robust upward trend has emerged from this range, suggesting that a retest of this support level could elicit a positive response. Furthermore, the correction in price may find resolution within this range, temporally speaking. Currently, the price is situated within a descending channel, and if a favorable reaction occurs upon reaching the initial support range, it is reasonable to anticipate a positive fluctuation towards the upper boundary of the channel.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.