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Home»EXCHANGE NEWS»Can you get Polygon up to $1.15?
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Can you get Polygon up to $1.15?

By Crypto FlexsApril 9, 20243 Mins Read
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Can you get Polygon up to .15?
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MATIC price rose more than 5% and tested the $0.950 resistance. Polygonal bulls are in complete control and can target more upside above $1.00.

  • MATIC price began a new rise above the $0.920 resistance level against the US dollar.
  • The price is trading above $0.925 and the 100 simple moving average (4-hours).
  • On the 4-hours chart of the MATIC/USD pair, there is a break above the main bearish trendline at $0.9150, which is the resistance level (data source from Kraken).
  • Removing the $0.9720 resistance line could allow the pair to continue rising.

Polygon prices begin a new hike

After forming a base above the $0.8620 level, Polygon’s price began a new rise. MATIC has cleared many hurdles near $0.880 and $0.8950 to move into positive territory like Bitcoin and Ethereum.

There was also movement above the $0.90 resistance line and the 100 simple moving average (4 hours). Bulls pushed the price above the 23.6% Fib retracement level of the downward move from the $1.0854 swing high to the $0.8612 low.

Moreover, on the 4-hours chart of the MATIC/USD pair, there was a break above the main bearish trend line at the resistance level of $0.9150. MATIC is trading above $0.9250 and the 100 simple moving average (4-hours).

Immediate resistance is near the $0.960 area. The first major resistance is near the $0.9720 level or the 50% Fib retracement level of the downside move from the $1.0854 swing high to the $0.8612 low. If there is an upside breakout above the $0.9720 resistance level, the price may continue to rise.

Source: MATICUSD on TradingView.com

The next major resistance is near $1.00. A clear break above the $1.00 resistance could begin a steady rise. If indicated, the price may attempt to move towards the $1.100 or $1.150 levels.

Are Dips limited in MATIC?

If the price of MATIC fails to rise above the $0.9720 resistance level, a downward correction could begin. Immediate support for the downside is near the $0.915 level and the same trend line.

Key support is near the $0.880 level. A break below the $0.880 level could open the door for a new decline towards $0.8620. The next major support is near the $0.8250 level.

technical indicators

4-Hour MACD – The MACD for MATIC/USD is gaining momentum in bullish territory.

4-Hour RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level.

Key support levels – $0.9150 and $0.880.

Key resistance levels – $0.9720, $1.00 and $1.15.

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.

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