Polygon Price Prediction for Today, November 8 – MATIC Technical Analysis

The Polygon price prediction shows that MATIC is moving higher to stay above the 9-day and 21-day moving averages.

Polygon Market Price Statistic:

• Polygon price now: $0.78
• Polygon market cap: $7.3 million
• Polygon circulating supply: $9.2 billion
• Polygon total supply: $10 billion
• Polygon coin market ranking: #10

MATIC/USD Market

Key Levels:

Resistance levels: $0.95, $1.00, $1.05

Support levels: $0.60, $0.55, $0.50

MATIC/USD continues the bullish movement as the coin moves to break above the upper boundary of the channel. At the moment, the Polygon (MATIC) is making a gain of almost 6.48% and touches the daily high of $790. Meanwhile, the crypto is managing to keep its price above the 9-day and 21-day moving averages. Therefore, traders can expect Polygon to prepare itself steadily for a cross above the upper boundary of the channel.

Polygon Price Prediction: MATIC Price May Create More Uptrends

In the last few days, the Polygon price has been facing the north, trading above the 9-day and 21-day moving averages. At the time of writing, the Polygon (MATIC) is trading well above this barrier and likely to cross above the upper boundary of the channel for confirmation of the bullish movement. Nevertheless, the ongoing trend may move a little bit higher if the 9-day MA remains above the 21-day MA. Therefore, any further bullish movement could hit additional resistance levels at $0.95, $1.00, and $1.05 respectively.

On the contrary, a bearish drop below the moving averages may roll the market back below the moving averages which could hit the initial support level of $0.65. Meanwhile, the support levels could be located at $0.60, $0.55, and $0.50. Meanwhile, as the trading volume increases, more bullish signals that may come into play.

MATIC/BTC Heads to the North

Against Bitcoin, the Polygon price is currently trading above the 9-day and 21-day moving averages. Meanwhile, the coin is changing hands at 2229 SAT as the 9-day MA crosses above the 21-day MA. On that note, the daily chart reveals that the coin may retreat if it touches another high of 2400 SAT.

On the contrary, the critical support levels can be located at 1850 SAT and below. Therefore, as the market moves to cross above the upper boundary of the channel, a higher sustainable move could attract new buyers to the market with the next resistance at 2500 SAT and above.

Alternatives to Polygon

The Polygon price is seen trading at $0.78 after recording an intraday high at $0.79 in the opening hour of today. However, the more the bulls pressurized the bears, the higher the coin would reach. Therefore, if the bulls maintain the upward trend, MATIC/USD may continue with the bullish movement and this may allow the coin to break additional higher levels.

In the mean time, investors have two attractive options: Polygon (MATIC) and Bitcoin Minetrix ($BTCMTX). However, while MATIC demonstrates consistent strength at the moment, Bitcoin Minetrix stands out with its distinctive and flexible staking system, empowering investors to determine their lock-in period. Notably, the ongoing Bitcoin Minetrix presale has already raised an impressive $3.6 million today, indicating strong community interest and trust in the project’s potential.