MATIC Price Prediction: Rally Could Resume Above $1.05

Jan 17, 2023 10:00 am Cryptocurrency 163

MATIC price started a fresh increase from the $0.80 support zone. Polygon bulls are now aiming a another increase above the $1.05 resistance zone.

MATIC price started a decent increase above the $0.85 resistance against the US dollar.

The price is trading above $0.92 and the 100 simple moving average (4-hours).

There is a key bullish trend line forming with support near $0.955 on the 4-hours chart of the MATIC/USD pair (data source from Kraken).

The pair could continue to rise towards the $1.08 and $1.20 resistance levels.

Polygon’s MATIC Price Eyes More Upsides

This past month, polygon’s price declined below the $0.80 support zone. MATIC even broke the $0.75 support zone and the 100 simple moving average (4-hours).

However, the bulls were active near the $0.70 support zone. A base was formed above the $0.75 level and the price started a fresh increase. The price was able to clear the $0.80 and $0.85 resistance levels. The bulls took control above the $0.90 level and the 100 simple moving average (4-hours).

Finally, the ..

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