Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»ALTCOIN NEWS»MATIC expands your purchasing opportunities. Should we accept this?
ALTCOIN NEWS

MATIC expands your purchasing opportunities. Should we accept this?

By Crypto FlexsDecember 29, 20233 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
MATIC expands your purchasing opportunities.  Should we accept this?
Share
Facebook Twitter LinkedIn Pinterest Email

reporter

Posted on: December 30, 2023


  • MATIC has a solid bullish bias and a retest of $0.95 is likely to push the coin price higher once again.
  • Some on-chain indicators have pointed to the possibility of increased selling pressure on the token.

Polygon (MATIC) broke the very important $1 resistance level on December 26th. It rose to $1.09 and was experiencing a decline at the time of press. This was good news for MATIC bulls.

AMBCrypto recently reported that zkEVM’s network activity has decreased despite rising TVL. The futures market has reflected strong bullish sentiment recently, and this trend could continue if MATIC defends the $0.95-$1 support zone.

The MATIC market structure showed that big gains could be imminent.

MATIC presents an ideal buying opportunity during recent declines.  Here's why:MATIC presents an ideal buying opportunity during recent declines.  Here's why:

Source: MATIC/USDT on TradingView

The 1-day chart has formed higher lows and higher highs since December 23rd. The token has been trading within an extended range (purple) since mid-November, from $0.934 to $0.722. Therefore, the recent breakthrough signals optimistic intentions.

OBV was trending upward and RSI was above neutral 50. Together, these two showed that the buyer was in control. The Fibonacci retracement levels of $0.9218 and $0.8813 are close to the range highs and previous bearish order blocks.

This zone is now a bullish breaker and demand zone on the 1-day time frame.

It was also home to a fair value gap (in white), marking the $0.93-$0.98 area as an area of ​​interest for swing traders. The confluence of factors has created a strong buying opportunity northward targeting the Fib extension levels of $1.17 and $1.3.

Weighted sentiments soared along with prices.

MATIC presents an ideal buying opportunity during recent declines.  Here's why:MATIC presents an ideal buying opportunity during recent declines.  Here's why:

Source: Santiment

AMBCrypto noted that despite the strong rally since October, the average coin age has not shown a consistent upward trend. This suggests that holders are more keen on securing profits than riding the wave higher.

However, in recent days, the weighted sentiment on social media has been very positive due to the price action.


Is your portfolio green? Check out the MATIC Profit Calculator


Dormant circulation saw a big spike on December 11th, a sign of selling pressure. This led to a retracement.

Another spike in this indicator is something traders should watch out for. The MVRV ratio is also close to its October high, meaning MATIC is an overvalued asset whose holders can expect to profit.

Disclaimer: The information presented does not constitute financial, investment, trading or any other type of advice and is solely the opinion of the author.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SEI tokens have soared more than 100% in June -the highest catalyst explained.

June 26, 2025

$ 438m XRP Transfer Sparks Panic- Ripple?

June 19, 2025

Solana Price Eyes 103% Rally $ 300: Here is the reason.

June 12, 2025
Add A Comment

Comments are closed.

Recent Posts

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Earns $9,800 Per Day With BTC Breaks Through $107,000, GoldenMining Global Market.

June 27, 2025

Why Bakkt Holdings can buy Bitcoin with a $ 1 billion increase

June 27, 2025

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 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

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025
Most Popular

L2 Crypto Project Blast has crossed $822 million in TVL ahead of its mainnet launch next year.

December 9, 2023

Aside from large technology stocks, 2025 is the year of encryption bull run.

February 1, 2025

AI innovates audio book experience with personalized narration.

March 11, 2025
  • 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.