The MATIC price has remained bearish for most of this month. Presently, MATIC is attempting to correct its price. Over the last 24 hours, the coin is up by 2%. In the past week, however, the coin has depreciated by over 8%. Although, securing daily gains has helped the altcoin reverse some of its weekly losses. With Bitcoin consolidating at the moment, many altcoins are unable to break past their immediate resistance. The technical outlook for MATIC was bearish, but certain indicators pointed towards a potential rally in the upcoming trading sessions. The buying strength remained low, which means that accumulation was also lower on the chart. For prices to propel above the immediate price ceiling, buyers have to surpass sellers. As the altcoin logged gains over the last 48 hours, MATIC now has a strong support region extending from $0.70 to $0.63. As MATIC traded laterally between different price zones for weeks of this month, investors have remained worried. This caused sellers to short the asset, resulting in increased selling pressure. The altcoin currently presents an entry opportunity as the ..
Support the originator by clicking the read the rest link below.
