{"id":176023,"date":"2023-05-26T05:39:07","date_gmt":"2023-05-26T05:39:07","guid":{"rendered":"https:\/\/precoinnews.com\/?p=176023"},"modified":"2023-05-26T05:39:07","modified_gmt":"2023-05-26T05:39:07","slug":"matic-price-prediction-polygon-aims-recovery-to-1","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/matic-price-prediction-polygon-aims-recovery-to-1\/","title":{"rendered":"MATIC Price Prediction: Polygon Aims Recovery To $1"},"content":{"rendered":"<p><em>MATIC price is recovering from the $0.82 support zone. Polygon might rise further but there is a major barrier forming near the $1.00 zone.<\/em><\/p>\n<ul>\n<li>MATIC price is attempting a recovery wave above the $0.86 resistance against the US dollar.<\/li>\n<li>The price is trading above $0.86 and the 100 simple moving average (4 hours).<\/li>\n<li>There was a break above a key bearish trend line with resistance near $0.880 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $0.90 resistance zone.<\/li>\n<\/ul>\n<h2>Polygon\u2019s MATIC Price Attempts Recovery<\/h2>\n<p>In the past few days, Polygon\u2019s price saw a steady decline from well above $1.00. MATIC declined below the $0.900 support to move into a bearish zone.<\/p>\n<p>A low is formed near $0.8206 and the price is now attempting a recovery wave, similar to Bitcoin and Ethereum. The price was able to climb above $0.850. Besides, there was a break above a key bearish trend line with resistance near $0.880 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n<p>It broke the 23.6% Fib retracement level of the downward move from the $1.017 swing high to the $0.8206 low. MATIC price is now trading above $0.85 and the 100 simple moving average (4 hours). It is now facing resistance near the $0.90 level.<\/p>\n<p>If there is an upside break above the $0.90 resistance level, the price could continue to recover. The next major resistance is near $0.95 or the 61.8% Fib retracement level of the downward move from the $1.017 swing high to the $0.8206 low.<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/05\/MATIC.png\"><\/p>\n<p>Source: MATICUSD on TradingView.com<\/p>\n<p>A clear move above the $0.95 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.985 level or $1.00.<\/p>\n<h2>Fresh Decline in MATIC?<\/h2>\n<p>If MATIC\u2019s price fails to rise above the $0.90 resistance level, it could start a fresh decline. Immediate support on the downside is near the $0.88 level.<\/p>\n<p>The main support is near the $0.865 level. A downside break below the $0.865 level could open the doors for a fresh decline toward $0.82. The next major support is near the $0.80 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.88 and $0.865.<\/p>\n<p>Major Resistance Levels \u2013 $0.90, $0.95, and $1.00.<\/p>\n<p>Source: <a href=\"https:\/\/www.newsbtc.com\/analysis\/matic-analysis\/matic-price-prediction-polygon-to-1\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MATIC price is recovering from the $0.82<\/p>\n","protected":false},"author":3,"featured_media":176022,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>MATIC Price Prediction: Polygon Aims Recovery To $1 - 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