Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

2025-05-12

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

2025-05-12

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

2025-05-12
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12

    Why Wall Street Crypto will not embrace without privacy of zero knowledge

    2025-05-12

    R2 Testnet affects 10 million transactions with 200K+ users in weeks

    2025-05-12

    Miro announces a strategic partnership with Enac Network to bring about a revolution in Enterprise Web3 apps

    2025-05-12

    Ripple CTO predicts a big shift with ZK certificates: Details

    2025-05-12
  • NFT

    Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

    2025-05-12

    New details about Trump’s Memecoin leaks from the official website – this is what they intend

    2025-05-12

    NFT -turns 10.6% to $ 115 million, Doodles Rally 500%

    2025-05-11

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Can the resistance crush and re -design the rally?

    2025-05-12

    XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

    2025-05-12

    Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

    2025-05-12

    Analyst reveals factors that will make it happen in 2025

    2025-05-12

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Analysis»Polygon Pump 15%, Bulls Target $1
Analysis

Polygon Pump 15%, Bulls Target $1

2023-11-10No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

The MATIC price is up over 15% and is trading around $0.85. Polygon bulls are in charge and could aim for a move towards the $1.00 level soon.

  • MATIC price started a strong rise above the $0.75 resistance against the US dollar.
  • The price is trading above USD 0.78 and the 100 simple moving average (4 hours).
  • A major bullish trendline is forming with support near $0.775 on the 4-hour chart of the MATIC/USD pair (Kraken data source).
  • The pair could continue to rise if it overcomes the USD 0.850 and USD 0.880 resistance levels.

Polygon price signals breakout

After forming a base above the $0.65 level, Polygon’s price started to rise sharply. MATIC has broken many hurdles near $0.70 to move into a positive zone, such as Bitcoin and Ethereum.

There was a move above the $0.75 resistance and the price climbed more than 15%. Finally, it tested the $0.850 resistance zone. A high was formed near $0.8588 and recently the price underwent a downward correction. There was a sharp decline below the USD 0.820 level.

The price even spiked below the 50% Fib retracement level of the upward wave from the $0.6952 swing low to the $0.8588 high. However, the bulls remained active above the USD 0.750 support zone.

There is also a major bullish trendline forming with support near $0.775 on the 4-hour chart of the MATIC/USD pair. The trendline is close to the 61.8% Fib retracement level of the upward wave from the $0.6952 swing low to the $0.8588 high.

MATIC is now trading above $0.78 and the 100 simple moving average (4 hours). The immediate resistance is near the USD 0.850 level. The first major resistance is around the $0.880 level. If there is an upside break above the USD 0.880 resistance level, the price could continue rising.

See also  MicroStrategy Acquires 2,138 Bitcoin as Value of Company's BTC Stash Balloons to Over $27,000,000,000

MATIC price forecast

Source: MATICUSD on TradingView.com

The next major resistance is near USD 0.920. A clear move above the USD 0.920 resistance could trigger a steady rise. In the mentioned case, the price might even try to make a move towards the USD 0.980 or USD 1.00 level.

Disadvantage correction in MATIC?

If MATIC price fails to rise above the USD 0.850 resistance level, a downside correction could occur. The immediate downside support is near the $0.800 level.

The key support is near the $0.775 level or trendline. A downside break below the USD 0.775 level could open the doors for another decline towards USD 0.720. The next major support is near the $0.700 level.

Technical indicators

4-hour MACD – The MACD for MATIC/USD is gaining strength in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI for MATIC/USD is now above the 50 level.

Major support levels – USD 0.800 and USD 0.775.

Major resistance levels – $0.850, $0.880 and $0.980.

Source link

Bulls Polygon pump Target
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Can the resistance crush and re -design the rally?

2025-05-12

XRP performs better than the crypto market with 10% jump if open interest rises beyond $ 5 billion

2025-05-12

Cathie Wood doubles Bitcoin objective on 2030, says that BTC still has ‘miles’

2025-05-12

Analyst reveals factors that will make it happen in 2025

2025-05-12
Add A Comment

Comments are closed.

Top Posts

South Korea proposes stricter screening of crypto managers

2024-02-05

CFTC greenlights Coinbase as first spot crypto platform to offer regulated futures to U.S. customers

2023-08-16

POPCAT Outbreak Sparks Whale Buying Frenzy Near Peak Levels

2024-10-08
Editors Picks

The End of Friend.tech? Activity and Fees Plummet

2023-08-28

Social app Friendzone starts activities on Polygon Network

2024-02-08

Bitcoin Price is trying to follow XRP, but this resistance is key

2023-07-16

Search engine giant Google sues alleged crypto scammers over fake Android apps: report

2024-04-04
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

Trump’s Crypto -Dinner cost VIP -Aurter $ 4.8 million

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$102,962.13-0.99%
  • ethereumEthereum(ETH)$2,492.89-0.57%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.547.34%
  • binancecoinBNB(BNB)$661.251.59%
  • solanaSolana(SOL)$174.540.96%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.231541-0.07%
  • cardanoCardano(ADA)$0.821.74%
  • tronTRON(TRX)$0.2719582.63%
  • suiSui(SUI)$3.97-1.03%
  • chainlinkChainlink(LINK)$16.74-1.90%
  • avalanche-2Avalanche(AVAX)$24.880.28%
  • stellarStellar(XLM)$0.3132572.29%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.66%
  • hedera-hashgraphHedera(HBAR)$0.2161674.85%
  • piPi(PI)$1.206.54%
  • the-open-networkToncoin(TON)$3.36-1.47%
  • hyperliquidHyperliquid(HYPE)$24.930.11%
  • bitcoin-cashBitcoin Cash(BCH)$410.380.49%
  • polkadotPolkadot(DOT)$5.08-0.39%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.80%
  • litecoinLitecoin(LTC)$104.194.18%
  • moneroMonero(XMR)$337.031.31%
  • pepePepe(PEPE)$0.0000140.37%
  • bitget-tokenBitget Token(BGB)$4.79-1.58%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.88-0.77%
  • bittensorBittensor(TAO)$456.36-0.48%
  • nearNEAR Protocol(NEAR)$3.191.35%
  • aptosAptos(APT)$5.86-0.45%
  • aaveAave(AAVE)$221.480.37%
  • ondo-financeOndo(ONDO)$1.03-0.31%
  • okbOKB(OKB)$54.33-1.31%
  • internet-computerInternet Computer(ICP)$5.75-0.43%
  • kaspaKaspa(KAS)$0.116833-0.19%
  • ethereum-classicEthereum Classic(ETC)$19.77-0.92%
  • mantleMantle(MNT)$0.80-0.08%
  • gatechain-tokenGateToken(GT)$21.880.10%
  • crypto-com-chainCronos(CRO)$0.1010752.55%
  • render-tokenRender(RENDER)$5.19-0.50%
  • vechainVeChain(VET)$0.030935-0.97%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2552400.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.09-4.74%
  • ethenaEthena(ENA)$0.386820-4.88%
  • usd1World Liberty Financial USD(USD1)$1.010.50%
  • filecoinFilecoin(FIL)$3.14-0.10%
  • algorandAlgorand(ALGO)$0.2422140.95%
  • cosmosCosmos(ATOM)$5.24-1.36%
  • bitcoinBitcoin(BTC)$102,962.13-0.99%
  • ethereumEthereum(ETH)$2,492.89-0.57%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.547.34%
  • binancecoinBNB(BNB)$661.251.59%
  • solanaSolana(SOL)$174.540.96%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.231541-0.07%
  • cardanoCardano(ADA)$0.821.74%
  • tronTRON(TRX)$0.2719582.63%
  • suiSui(SUI)$3.97-1.03%
  • chainlinkChainlink(LINK)$16.74-1.90%
  • avalanche-2Avalanche(AVAX)$24.880.28%
  • stellarStellar(XLM)$0.3132572.29%
  • shiba-inuShiba Inu(SHIB)$0.000016-0.66%
  • hedera-hashgraphHedera(HBAR)$0.2161674.85%
  • piPi(PI)$1.206.54%
  • the-open-networkToncoin(TON)$3.36-1.47%
  • hyperliquidHyperliquid(HYPE)$24.930.11%
  • bitcoin-cashBitcoin Cash(BCH)$410.380.49%
  • polkadotPolkadot(DOT)$5.08-0.39%
  • unus-sed-leoUNUS SED LEO(LEO)$8.572.80%
  • litecoinLitecoin(LTC)$104.194.18%
  • moneroMonero(XMR)$337.031.31%
  • pepePepe(PEPE)$0.0000140.37%
  • bitget-tokenBitget Token(BGB)$4.79-1.58%
  • daiDai(DAI)$1.000.01%
  • ethena-usdeEthena USDe(USDE)$1.000.06%
  • uniswapUniswap(UNI)$6.88-0.77%
  • bittensorBittensor(TAO)$456.36-0.48%
  • nearNEAR Protocol(NEAR)$3.191.35%
  • aptosAptos(APT)$5.86-0.45%
  • aaveAave(AAVE)$221.480.37%
  • ondo-financeOndo(ONDO)$1.03-0.31%
  • okbOKB(OKB)$54.33-1.31%
  • internet-computerInternet Computer(ICP)$5.75-0.43%
  • kaspaKaspa(KAS)$0.116833-0.19%
  • ethereum-classicEthereum Classic(ETC)$19.77-0.92%
  • mantleMantle(MNT)$0.80-0.08%
  • gatechain-tokenGateToken(GT)$21.880.10%
  • crypto-com-chainCronos(CRO)$0.1010752.55%
  • render-tokenRender(RENDER)$5.19-0.50%
  • vechainVeChain(VET)$0.030935-0.97%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2552400.09%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.09-4.74%
  • ethenaEthena(ENA)$0.386820-4.88%
  • usd1World Liberty Financial USD(USD1)$1.010.50%
  • filecoinFilecoin(FIL)$3.14-0.10%
  • algorandAlgorand(ALGO)$0.2422140.95%
  • cosmosCosmos(ATOM)$5.24-1.36%