The #MATIC price started to grow after forming a Bullish harmonic pattern in the daily TF and now it has reached the first resistance zone. The next price target is the $1.15 area
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The price of #MATIC has recently broken the resistance of $0.9400-0.9700 in the 4-hour TF and has tested it again. It is expected that the price can grow to the resistance of $1.23.
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after sell-off, #MATIC faced 61.8 fibo ratio and if it breaks the support level then it will go down again.
Entry- 0.863
SL-0.8714
Target- 0.8563
Entry- 0.863
SL-0.8714
Target- 0.8563
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The price of #MATIC is moving in an upward channel, if the channel is maintained, the price will reach the target of $1.23. But if the channel is broken, the price will decrease to the support level of $0.7000 - $0.7470 according to the downward harmonic pattern it has formed.
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After reaching the dynamic resistance, the price of #MATIC started to decrease again. The bearish candles are still strong and the price may continue its downward trend until it reaches the support level of $0.7000-0.7470.
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After the ascending harmonic pattern formed in the #MATIC price chart, the price pumped very well.
The price started to recover after 100% pump and so far it is down about 50%.
The $0.6000-0.7000 support level is very important and the price is expected to remain above this level.
The price started to recover after 100% pump and so far it is down about 50%.
The $0.6000-0.7000 support level is very important and the price is expected to remain above this level.
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#MATIC price is still sitting around a massive support and resistance zone.
The price is no longer establishing new lower lows; instead, it has begun forming higher lows. This shift signals a potential early indication for bullish momentum to take hold.
a break above the marked $0.7500 - $0.7740 zone is required. Once this breakout occurs, a subsequent upward movement can be anticipated.
The price is no longer establishing new lower lows; instead, it has begun forming higher lows. This shift signals a potential early indication for bullish momentum to take hold.
a break above the marked $0.7500 - $0.7740 zone is required. Once this breakout occurs, a subsequent upward movement can be anticipated.
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#MATIC🟣 has decreased by more than 50% from the price ceiling it recorded in 2024.
The price has now reached the demand zone of $0.4930 - $0.5190 and the downtrend remains strong on the daily time frame.
Historical data shows that #MATIC tends to return to the top after reaching this strong support level, but according to the current market trend, we cannot expect a quick return for now.
If the daily candle closes below the support zone, the bearish scenario will continue and the decline will be deeper
The price has now reached the demand zone of $0.4930 - $0.5190 and the downtrend remains strong on the daily time frame.
Historical data shows that #MATIC tends to return to the top after reaching this strong support level, but according to the current market trend, we cannot expect a quick return for now.
If the daily candle closes below the support zone, the bearish scenario will continue and the decline will be deeper
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Altcoin prices can benefit indirectly
When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.
The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.
The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including #SOL , #ADA , #MATIC
projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.
When #Bitcoin price surges, it creates a lift-up effect for the entire crypto market. Similarly, this occurs in the altcoin market when #Ether surges.
The SEC halting its investigation may be relevant to other altcoins the agency has accused of being securities.
The SEC has opened cases against crypto exchanges Binance and Coinbase for a variety of securities law violations. The SEC has named several altcoins as securities, including #SOL , #ADA , #MATIC
projects such as Aave or Chainlink from the decentralized finance (DeFi) sector or layer-2 chains such as #Arbitrum,#Optimism could benefit from the SEC’s retreat.
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