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Polygon is targeting $1.01 resistance level
Polygon (MATICUSD) Price Analysis – October 26
In case the bears oppose the bulls at $1.01, MATIC price may decrease to the support level of $0.93, $0.87 and the support level of $0.79. When the buyers exert more pressure, Polygon will break up the resistance level of $1.01, this may also increase the price to $1.18 and $1.31 resistance levels.
Key Levels:
Resistance levels: $1.01, $1.18, 1$1.31
Support levels: $0.93, $0.87, $0.79
MATIC/USD Long-term Trend: Bullish
MATIC/USD price is bullish, on the Long-term outlook. The support level of $0.76 was tested on 21 September. The buyers interrupted the sellers at the mentioned support level. A bullish engulfing candle formed on the following day. The former resistance levels of $0.83, and $0.87 was broken up and the resistance level of $1.01 is the target point.
Fast moving average has crossed the slow moving average and Polygon is trading above the 9 periods EMA and 21 periods EMA. In case the bears oppose the bulls at $1.01, MATIC price may decrease to the support level of $0.93, $0.87 and the support level of $0.79. When the buyers exert more pressure, Polygon will break up the resistance level of $1.01, this may also increase the price to $1.18 and $1.31 resistance levels.
MATIC/USD Short-term Trend: Bullish
Polygon is bullish on the medium-term outlook. Last week, the price was ranging within the $0.93 and $0.87. Bulls gained more pressure, and bullish candles were produce and the price increase to break up the former resistance level of $0.93. At the moment, the price is exposes to resistance level of $1.01.
The Polygon price is trading above the two EMAs which indicate a bullish trend. The 9-day EMA is above the 21 periods EMA. The relative strength index period 14 is at 71 levels with the signal line pointing up which indicate buy signal.
Each token of IMPT is currently traded for $0.018; this is the first phase of the IMPT presale. At the second phase the Impact tokens, it will be sold at $0.023 each. By the third stage, with high expectation the asset’s price may break the net.
The Dash 2 Trade presale experienced a shining beginning, in a short period of time it has raised in excess of $2m. At the beginning it was $0.0476, that is first stage, and currently it has increased to $0.05. The price may increase to $0.0513 at the third stage of the presale.
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