By en.coin-turk.com on October 29, 2023
This week has been a positive one for cryptocurrency investors. The challenging market conditions caused by recent geopolitical issues and US macroeconomic data have been left behind with positive news flow. So, what’s happening with Polygon (MATIC) that crypto investors are eagerly following as everyone prepares for the week’s closing hours? Let’s take a closer look. MATIC Chart Analysis The first notable formation on the daily MATIC chart is a descending triangle pattern. According to this structure, the price of MATIC, which follows this pattern, has faced resistance once again in recent bar closures, which could cause the price to drop. The first move that needs to be seen for MATIC, which continues to trade above the EMA 7 and EMA 21 levels, is a breakout of resistance. Such a move would enable an acceleration in the price’s upward momentum. The support levels to watch for MATIC are as follows: […]
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