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After the Polygon market saw a price breakout to the upside in early November, the bullish price was unable to progress upward at the resistance level of $1.26. And as the price was rejected at that level, a strong bearish move ensued. Traders sell the crypto massively for two days before the market finds support at $0.810. The same support became the basis for the massive bullish move for November 10 market session.
Polygon Market Price Statistic:
- MATIC/USD price now: $0.939
- MATIC/USD market cap: $7,939,286,382
- MATIC/USD circulating supply: 8.73B
- MATIC/USD total supply: 10,000,000,000
- MATIC/USD coin market ranking: #10
Key Levels
- Resistance: $ 1.00, $1.20, $1.300
- Support: $0.800, $0.700, $0.600
Polygon Market Price Analysis: The Indicators’ Point of View
The bulls secures their support at $0.885 and at this level, they were able to retain just 24 per cent of the November 10 bullish price. As the support shift upward and the resistance shift downward, the price action seems to be forming a triangle. Forces of supply and demand are becoming evenly matched. Another price consolidation period may be around the corner. The market is back at the midpoint of the indicator in the Relative Strength Index.
MATIC/USD 4-Hour Chart Outlook
The market was bearish throughout yesterday. And it was not until the second 4-hour session that the price finds its bullish support at $0.865. The bullish price move is now faced with strong resistance at $0.954. This has resulted in a narrow price channel.
Bitmart and LBank Are Listing D2T After the Presale
BitMart now has Dash 2 Trade lined up for listing after presale, also LBank is listing D2T after the presale. D2T presale is selling rapidly, and it has now raised $6m for the future development of the platform.
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