NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: FTX Recovery Trust Set To Disburse $1.6 Billion By Month-End, FTT Price Skyrockets

MATIC Price Surges More Than 6%, Is It Finally A Trend Change?

anushsamal
anushsamal
2 years ago
2 mins read
MATIC Price

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

MATIC price has witnessed a rally as the coin almost appreciated by 7% over the last 24 hours. MATIC (Polygon) had been trying hard to move past its immediate trading session for a while, and now it has finally been able to do that.

It is, however, too early to call this a trend change.

The bulls have to trade above the current price mark in order to move past the $0.90 price ceiling. A move above the $0.93 mark will further strengthen the bulls in the market.

The technical outlook of MATIC has moved from bearish territory to a bullish one.

Buyers have taken over the market, as seen in the indicators. If consistent buying strength is present, then a rally to the $0.93 level can be possible.

In case buyers fade over the next trading sessions, MATIC price can slump considerably and trade around the $0.70 price mark. If demand remains high, the trip to the $1 cannot be completely ruled out.

MATIC Price Analysis: One-Day Chart

MATIC Price
MATIC was priced at $0.86 on the one-day chart | Source: MATICUSD on TradingView

Polygon (MATIC) was trading at $0.86 at press time. After weeks of consolidation, the bulls finally managed to push the price of the asset north.

MATIC’s immediate resistance stood at $0.90. If demand remains consistent, the MATIC price may test the aforementioned price level in the coming trading sessions.

Once the asset reaches the $0.90 mark, its next stop could be at $0.93.

Only if MATIC is able to break past the $0.90 level could the bulls aim for $1 as well. A trend reversal can happen if MATIC moves past the overhead price ceiling.

On the other hand, a fall from the current price mark will bring MATIC down to $0.77. This level would again strengthen the bears.

The amount of MATIC traded fell in the last session, pointing towards a fall in selling pressure.

Technical Analysis

MATIC Price
MATIC noted a rise in the number of buyers on the one-day chart | Source: MATICUSD on TradingView

The 7% appreciation over the last 24 hours brought back buyers into the market, as seen in the technical indicators.

The Relative Strength Index shot up from beneath the half-line and was above the 60-mark, which is considered bullish as buyers dominate the market.

MATIC price was also above the 20-SMA line, indicating that there was an increase in demand for the coin. MATIC above the 20-SMA meant that buyers were driving the price momentum in the market.

Related Reading: Ethereum Shaves Off A Quarter Of Its Price As Whales Dump $4 Billion In ETH
MATIC Price
MATIC displayed buy signal on the one-day chart | Source: MATICUSD on TradingView

The asset also displayed a buy signal which means that MATIC might register further gains in the next trading sessions. Awesome Oscillator indicates the current price trend and momentum of the asset.

AO turned green and above the half-line which could be considered a buy signal on the chart.

Chaikin Money Flow depicts the capital inflows and outflows of the asset.

CMF was positive as the indicator was seen above the half-line, displaying that the asset had registered more capital inflows compared to outflows at the time of writing.

Related Reading: Polygon (MATIC) Eyes $1 After Successful Breakout; Will Bulls Push For A Retest?
Featured image from Trading Education, Chart: TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

비트코인 금리 인하 수혜 전망…레이어2 프로젝트 ‘비트코인 하이퍼’ 투자 열기 확산

비트코인 금리 인하 수혜 전망…레이어2 프로젝트 ‘비트코인 하이퍼’ 투자 열기 확산

미 연방준비제도이사회(Fed)가 기준금리를 0.25%p 인하했다. 이번 조치는 미국 동부시간 기준으로 오후 2시부터 적용됐다. 같은 날 열린 기자회견에서 제롬 파월(Jerome P...

Soyeon Lee 5 hours ago
bitcoin-price-forecast-fed-rate-cut-rally-120k-next-100x-altcoin-tw

比特幣價格預測降息引發上漲目標12萬 下個100倍幣關注焦點是這個!

在眾多投資者盯著比特幣每日兩趟的K線起伏時,喜馬拉雅山脈之中,一個鮮有人提起的內陸國度卻悄然做出一筆交易:不丹,這個以快樂指數而非GDP著稱的國家,從政府關聯錢包中移轉出913枚比特幣,價值約1.07...

Mark Mak 5 hours ago
Bitcoin

Bitcoin Price On The Verge Of Explosive Move: Here’s The Only Condition

Bitcoin’s slow ascent towards establishing new highs has continuously encountered significant opposition in the past few weeks. As the market...

Opeyemi Sule 15 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

AxCNH and KRW1 Stablecoins Launch in Asia as $BEST Token Soars Past $16M on Presale

AxCNH and KRW1 Stablecoins Launch in Asia as $BEST Token Soars Past $16M on Presale

Aaron Walker 1 hour ago
Binance Coin's Epic 10% Rally: Which Best Altcoins Will Explode Next?

Binance Coin’s Epic 10% Rally: Which Best Altcoins Will Explode Next?

Aaron Walker 1 hour ago

Dogecoin Price Could Break Into Double-Digit Rally From This Fibonacci Level

Scott Matherson 3 hours ago

Premium Sponsors

Press Releases

  • Najlepšie altcoiny na nákup, keď cena Solany smeruje k historickým maximám

    Najlepšie altcoiny na nákup, keď cena Solany smeruje k...

    5 minutes ago
  • Най-добрите алткойни за покупка...

    27 minutes ago
  • Mit vásárolnak, adnak el és tartanak a kripto bálnák?

    Mit vásárolnak, adnak el és tartanak a kripto bálnák?

    45 minutes ago
  • Legjobb altcoinok vásárlásra, ahogy a Solana árfolyama közelít minden idők csúcsához

    Legjobb altcoinok vásárlásra, ahogy a Solana árfolyama...

    46 minutes ago
  • Najbolji altcoini za kupnju dok se cijena Solane...

    48 minutes ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.