Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • SLOT
  • CASINO
  • SPORTSBET
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Analysts suggest MATIC to rebound towards this level.
BITCOIN NEWS

Analysts suggest MATIC to rebound towards this level.

By Crypto FlexsApril 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Analysts suggest MATIC to rebound towards this level.
Share
Facebook Twitter LinkedIn Pinterest Email

One analyst explained how a buy signal was formed in the price of Polygon (MATIC), which could lead to the asset rebounding towards this price target.

Polygon is currently displaying a TD sequential buy signal.

new post At X, analyst Ali discussed the Tom Demark (TD) sequential signal forming on the MATIC price chart. Here, TD Sequential refers to an indicator in technical analysis that is commonly used to pinpoint where a reversal in the value of a particular asset is likely.

This indicator consists of two stages, the first stage is known as “Setup”. At this stage, up to 9 candles of the same polarity are counted, at the end of which the price can be assumed to have reached a reversal point.

Naturally, if the candle leading to the completion of the setup had been red, the reversal would have been in an upward direction, while the green candle would have hinted at a potential high for the asset.

Once setup is complete, the second phase called “Countdown” begins. This phase works similarly to the setup, except that it lasts for 13 candles instead of 9. After 13 candles of the same polarity have also entered, the price can be considered to have reached another reversal point.

Polygon recently completed the previous type of TD Sequential phase. Below is a chart shared by Ali showing the formation of the TD Sequential signal for MATIC daily price.

The recent pattern forming in the 1-day price of the cryptocurrency | Source: @ali_charts on X

As shown in the graph above, Polygon daily price has recently completed a TD Sequential setup with a downward trend. This suggests that the asset may currently be at a potential bottom.

“If MATIC stays strong above $0.87, it could bounce back to $0.95 or $1!” The analyst says: A potential upside to the former of these targets would imply an increase of over 8% from current prices, while an increase to the latter level would imply growth of nearly 14%.

Now, it is yet to be seen how Polygon price will develop from here and whether the TD Sequential buy signal will hold.

matic price

The past few weeks have been bad times for Polygon investors, as the price of the cryptocurrency has fallen from around $1.3 to the current $0.87 level, a decline of over 33%.

The chart below shows what the MATIC value has been trending over the past month.

polygon price chart

Looks like the price of the asset has plunged over the past month | Source: MATICUSD on TradingView

In this downward trajectory, the TD Sequential buy signal could perhaps at least be a ray of hope for Polygon holders.

Featured image from Shutterstock.com, chart from TradingView.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Free bitcoin.in app withdrawal request My satoshi

October 3, 2025

Goose boom bang! Slot -Collision, Cash and Manga Massacre

September 27, 2025

Cardano is 4% away, saying that Hoskinson will break the Internet.

September 21, 2025
Add A Comment

Comments are closed.

Recent Posts

Cryptocurrency trader, OTC fraud claims $ 1.4 million losses, guessing due to KUCOIN deposits

October 7, 2025

Meanwhile, Bitcoin Life Insurer, Secures $82M To Meet Soaring Demand For Inflation-Proof Savings

October 7, 2025

Pepeto Presale Exceeds $6.93 Million; Staking And Exchange Demo Released

October 7, 2025

Eightco Holdings Inc. ($ORBS) Digital Asset Treasury Launches “Chairman’s Message” Video Series

October 7, 2025

Zeta Network Group Enters Strategic Partnership With SOLV Foundation To Advance Bitcoin-Centric Finance

October 7, 2025

Saylor tells MRBAST to buy Bitcoin even after pause the BTC purchase.

October 7, 2025

Bitcoin Steadies at Rally -Is another powerful brake out just in the future?

October 6, 2025

BitMine Immersion (BMNR) Announces ETH Holdings Exceeding 2.83 Million Tokens And Total Crypto And Cash Holdings Of $13.4 Billion

October 6, 2025

BC.GAME News Backs Deccan Gladiators As Title Sponsor In 2025 Abu Dhabi T10 League

October 6, 2025

Unity modifies mobile games and password wallets that threaten important vulnerability.

October 6, 2025

BitDigital becomes the first public Etherrium for distributing unsecured leverage -details -Details

October 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Cryptocurrency trader, OTC fraud claims $ 1.4 million losses, guessing due to KUCOIN deposits

October 7, 2025

Meanwhile, Bitcoin Life Insurer, Secures $82M To Meet Soaring Demand For Inflation-Proof Savings

October 7, 2025

Pepeto Presale Exceeds $6.93 Million; Staking And Exchange Demo Released

October 7, 2025
Most Popular

Why is XRP price rising today? Ripple’s massive share buyback may hold the answer

December 9, 2023

DePIN projects to watch in 2024 include:

March 9, 2024

Instant Payment Series: Money Is No Matter

March 3, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.