Sunday, June 22, 2025
  • Login
Euro Times
No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology
Euro Times
No Result
View All Result

MATIC Price Surges More Than 6%, Is It Finally A Trend Change?

by Index Investing News
October 19, 2022
in Cryptocurrency
Reading Time: 3 mins read
A A
0
Home Cryptocurrency
Share on FacebookShare on Twitter


MATIC price has witnessed a rally as the coin almost appreciated by 7% over the last 24 hours. MATIC (Polygon) had been trying hard to move past its immediate trading session for a while, and now it has finally been able to do that.

It is, however, too early to call this a trend change.

The bulls have to trade above the current price mark in order to move past the $0.90 price ceiling. A move above the $0.93 mark will further strengthen the bulls in the market.

The technical outlook of MATIC has moved from bearish territory to a bullish one.

Buyers have taken over the market, as seen in the indicators. If consistent buying strength is present, then a rally to the $0.93 level can be possible.

In case buyers fade over the next trading sessions, MATIC price can slump considerably and trade around the $0.70 price mark. If demand remains high, the trip to the $1 cannot be completely ruled out.

MATIC Price Analysis: One-Day Chart

MATIC was priced at $0.86 on the one-day chart | Source: MATICUSD on TradingView

Polygon (MATIC) was trading at $0.86 at press time. After weeks of consolidation, the bulls finally managed to push the price of the asset north.

MATIC’s immediate resistance stood at $0.90. If demand remains consistent, the MATIC price may test the aforementioned price level in the coming trading sessions.

Once the asset reaches the $0.90 mark, its next stop could be at $0.93.

Only if MATIC is able to break past the $0.90 level could the bulls aim for $1 as well. A trend reversal can happen if MATIC moves past the overhead price ceiling.

On the other hand, a fall from the current price mark will bring MATIC down to $0.77. This level would again strengthen the bears.

The amount of MATIC traded fell in the last session, pointing towards a fall in selling pressure.

Technical Analysis

MATIC noted a rise in the number of buyers on the one-day chart | Source: MATICUSD on TradingView

The 7% appreciation over the last 24 hours brought back buyers into the market, as seen in the technical indicators.

The Relative Strength Index shot up from beneath the half-line and was above the 60-mark, which is considered bullish as buyers dominate the market.

MATIC price was also above the 20-SMA line, indicating that there was an increase in demand for the coin. MATIC above the 20-SMA meant that buyers were driving the price momentum in the market.

MATIC Price
MATIC displayed buy signal on the one-day chart | Source: MATICUSD on TradingView

The asset also displayed a buy signal which means that MATIC might register further gains in the next trading sessions. Awesome Oscillator indicates the current price trend and momentum of the asset.

AO turned green and above the half-line which could be considered a buy signal on the chart.

Chaikin Money Flow depicts the capital inflows and outflows of the asset.

CMF was positive as the indicator was seen above the half-line, displaying that the asset had registered more capital inflows compared to outflows at the time of writing.



Source link

Tags: ChangefinallyMATICPricesurgesTrend
Previous Post

Japan securities association says data leaked from Mitsubishi UFJ Morgan Stanley Securities By Reuters

Next Post

5 Reasons I Didn’t Open a High-Yield Savings Account in 2022

Related Posts

Dogecoin Falls Below alt=

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

by Scott Matherson
June 22, 2025
0

Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure Dogecoin’s current market efficiency has added...

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

by Vivian Nguyen
June 22, 2025
0

Key Takeaways Bitcoin worth dropped as Iran's Parliament accepted the closure of the Strait of Hormuz, heightening fears of oil...

Why the Rolex rally is on pause in 2025

Why the Rolex rally is on pause in 2025

by Gracy Chen
June 22, 2025
0

The next is a visitor publish and opinion from Gracy Chen, CEO of Bitget.There was a time not too way...

Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details

Ethereum Weekly Chart Nears Tower Top Formation As US Launches Attack On Iran – Details

by Sebastian Villafuerte
June 22, 2025
0

Motive to belief Strict editorial coverage that focuses on accuracy, relevance, and impartiality Created by trade specialists and meticulously reviewed...

Fidelity Highlights Bitcoin’s Ancient Supply Surge as Dormant Coins Outpace New Issuance

Fidelity Highlights Bitcoin’s Ancient Supply Surge as Dormant Coins Outpace New Issuance

by Bitcoin.com
June 22, 2025
0

Bitcoin’s historical provide has formally outpaced new issuance for the primary time, highlighting a big market shift emphasised in Constancy...

Texas governor signs Bitcoin reserve bill into law

Texas governor signs Bitcoin reserve bill into law

by Vivian Nguyen
June 21, 2025
0

Key Takeaways Texas has established a Bitcoin reserve as a part of its monetary technique. The reserve requires Bitcoin to...

Next Post
5 Reasons I Didn’t Open a High-Yield Savings Account in 2022

5 Reasons I Didn’t Open a High-Yield Savings Account in 2022

Kimberly-Clark Stock: Improving Outlook For KMB

Kimberly-Clark Stock: Improving Outlook For KMB

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Real Madrid vs. Pachuca From Anywhere for Free: Stream FIFA Club World Cup Soccer

Real Madrid vs. Pachuca From Anywhere for Free: Stream FIFA Club World Cup Soccer

June 22, 2025
Dogecoin Falls Below alt=

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

June 22, 2025
Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

Bitcoin crashes on Iranian Parliament approval of Hormuz Strait closure

June 22, 2025
Armenian PM ‘Acts Like Dictator’

Armenian PM ‘Acts Like Dictator’

June 22, 2025
Top Wall Street analysts like these three stocks for long-term growth

Top Wall Street analysts like these three stocks for long-term growth

June 22, 2025
Trump’s Medicaid cuts would have vast ripple effects in this rural Colorado valley : Shots

Trump’s Medicaid cuts would have vast ripple effects in this rural Colorado valley : Shots

June 22, 2025
Euro Times

Get the latest news and follow the coverage of Business & Financial News, Stock Market Updates, Analysis, and more from the trusted sources.

CATEGORIES

  • Business
  • Cryptocurrency
  • Finance
  • Health
  • Investing
  • Markets
  • Politics
  • Stock Market
  • Technology
  • Uncategorized
  • World

LATEST UPDATES

Real Madrid vs. Pachuca From Anywhere for Free: Stream FIFA Club World Cup Soccer

Dogecoin Falls Below $0.16: Here’s How Its Price Action Could Play Out

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Finance
  • Business
  • World
  • Politics
  • Markets
  • Stock Market
  • Cryptocurrency
  • Investing
  • Health
  • Technology

Copyright © 2022 - Euro Times.
Euro Times is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In