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MATICUSDT

"Matic Unleashing the Potential of Layer 2 Scaling in Blockchain Riding a Bullish Wave Today Matic Network (now rebranded as Polygon) is experiencing a remarkable bullish trend today. With its robust layer 2 scaling solutions for Ethereum, Matic has become a key player in the blockchain ecosystem. Its recent surge can be attributed to growing adoption by decentralized applications (dApps) and DeFi projects seeking to alleviate Ethereum's congestion and high gas fees. Additionally, Matic's commitment to interoperability with other blockchains has garnered investor confidence. As institutional interest in the broader crypto market continues to rise, Matic's innovative approach to scaling and its expanding ecosystem position it favorably for sustained growth in the near term.
MLong
by DEXWireNews
MATIC Bullish 24-Hours and One-Week Horizon ☀️Bearish clouds ☁️ weigh on the global crypto market in the next 24 hours, signaling a downside risk. However, Cardano, Avalanche and Polygon face more lenient trading conditions, with ATTMO indicating some slightly bullish sun. ☀️ Over a one-week horizon, this slightly bullish sun is set to shine over both major cryptocurrencies – Bitcoin and Ether. ☀️ This upward trend is forecast to be even stronger for Cardano, Avalanche and Polygon. Other coins, including Litecoin, Ripple, Binance Coin, Dogecoin and Polkadot won’t profit from this sun and will continue to face slightly bearish clouds. ☁️ Follow us for more crypto weather reports!
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by ATTMO
MATIC/USDT In the Crucial Zone, MATIC Need Bounce to Continue Up💎 MATIC is undeniably on our radar. Currently, it's nestled within a support zone after facing a staunch rejection from the daily resistance. This juncture will determine MATIC's next move: either ascend to re-challenge the daily resistance or descend towards the imminent demand zone around $0.537. 💎 If MATIC does dip to this demand and witnesses a strong rebound, it could be indicative of a liquidity sweep, which often precedes a significant bullish rally. 💎 However, should MATIC struggle to regain its footing in the support zone post touching the demand, it might be a red flag. This could suggest a potential further decline for MATIC, possibly towards the next support level and even potentially to the critical support zone.
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by MyCryptoParadise
MATIC/USDT bullish momentum? 👀 Matic Today Analysis💎 Paradisers, pay attention! We are observing an exhilarating opportunity with #MATICUSDT as it breaches the daily resistance level, gearing up for a bullish move. 💎 Upon meticulous analysis, we’ve noted that #MaticNetwork previously broke below the ascending channel and embarked on a downward trajectory. Currently, it’s unfolding two possible scenarios. 💎One possibility is it retests 0.5499 and initiates a bullish move. The second scenario is it breaks that level and establishes a downward trajectory to retest the daily support level. 💎 Remember to employ prudent trading strategies and use proper stop-loss measures! Stay alert to market movements and look forward to more insights!
MLong
by MyCryptoParadise_Simon
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello friends, welcome to this MATIC/USDT update from Crypto Sanders. Chart Analysis:- Polygon (MATIC) rose for a back-to-back session on Wednesday, hitting a multi-week high in the process. MATIC/USD moved to an intraday high of 0.5937 in today’s session, which comes following a low of 0.5523 the day before. This resulted in the polygon climbing to its highest point since August 29, when the price peaked at 0.6355. the surge saw the relative strength index (RSI) rise past a ceiling at the 62.00 zone. the index is now at a reading of 62.76, with an upcoming resistance level at the 70.00 point. A crossover between the 10-day (red) and 25-day (blue) moving averages also seems to be one of the reasons for today’s rally. I have tried to bring the best possible results in this chart. If you like it, hit the like button and share your charts in the comments section. Thank you.
MLong
by CryptoSanders9563
MATIC Idea & SignalBINANCE:MATICUSDT Hi traders! The good time to enter the trade, when price have been broke resistance line and within the upward channel and slightly above the closed candles of the past 2 hours. One crucial thing to do in trading: Pay attention and be patient. And one important thing not to do: be greedy and lack stop loss and take profit orders. Good luck! ⚠️ Disclaimer: The following insights reflect my personal perspective on the market, relying on publicly available information and historical data. While some opinions stem from my actual trades, others do not. I am not a financial advisor, and I bear no responsibility for your trading choices. ✅ Feel free to reach me out with any questions or recommendations. I am more than willing to assess and analyze any currency pair or index that piques your interest.
MLong
by Arash-RK
Matic: Sell in May and go away 🐻⁉️📆 We can see that the month of May is a crucial month. The range contained in the 🟥 red rectangle has already been tested several times, and in May last year we had a sharp drop. Here we are again in the month of May, on top of that range. Will it fall again? I don't know. But if it drops again, I would bet on a drop to some Fibonacci region drawn on the chart, and after any reversal signals I would look for an entry. But before that, I believe that there will be a spike in the rise, and depending on the context, it will not even fall as expected. Just having a crystal ball to know. 🔎 Doing a complementary analysis using on-chain data, we can see that Uniswap's liquidity pools suffered a relevant decrease in the month of May: 🔎 And the total trade volume on Uniswap (in USD) also has this setback: 🔎 Another item that I found interesting to point out, looking at the on-chain data, is the "New address created with non-zero starting balance" in the blockchain, which broke down an important level: 🟢 Despite everything, I remain bullish. It's not because the last month of May was bad that we will necessarily now have a bad month too. The last three arrows in the red rectangle indicate that there was a test in this region, and the price did not break down, which could indicate that at least we will have a rebound if there is a stronger drop. Another thing to note is that the TVL (Total Value Locked) in blockchain seems to be showing signs of reversing:
MLong
by andre_007
2
MATIC/USDT 1DAY UPDATE BY CRYPTOSANDERS !!Hello, welcome to this MATIC/USDT update by CRYPTO SANDERS. CHART ANALYSIS:- Polygon (MATIC) also hit multi-week highs on Wednesday. MATIC/USD reached 0.5486 at the start of today's session, bouncing back from a low of 0.536 a day earlier. The move pushed Polygon to its strongest level since September 8, when the token reached a high of 0.5586. Earlier gains have faded, and the RSI appears to have failed to break out of its range at the 49.00 mark. Currently, price strength stands at 47.34, however, momentum remains largely bullish ahead of a potential moving average crossover. The 10-day (red) and 25-day (blue) trend lines are on the verge of moving up, which could lead to a fresh surge in prices. I have tried to bring the best possible outcome to this chart. Hit the like button if you like it and share your charts in the comments section. Thank you
MLong
by CryptoSanders9563
2
MATIC Faces ☁️ - Downside Risk. Short Opportunity? 🤔Bullish sun shines over the global crypto market in the next 24 hours. ☀️ Some altcoins such as MATIC, XRP, and Avalanche do, however, face some ☁️ and a slight downside risk. Over a one-week horizon, ☁️ and rainy trading conditions can be expected, signaling a bear market for most of the crypto universe, MATIC included. Binance, Polkadot, and Chainlink won’t be affected, according to ATTMO, which forecasts ☀️ over this longer period. Follow us for more crypto weather reports!
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by ATTMO
MATIC Polygon Price Target after Court approves FTX LiquidationGiven the recent developments in the crypto space, there are several factors that point towards a bearish outlook: FTX Liquidation of $3.4 Billion in Crypto Assets: The approval by the Delaware Bankruptcy Court for FTX to liquidate $3.4 billion in crypto assets is a significant event. This influx of a substantial amount of cryptocurrency into the market could potentially lead to an oversupply situation. When a large amount of assets is dumped into the market at once, it can put downward pressure on prices. Limited Sales in the First Week: The imposed limit of $50 million for the first week indicates a controlled release of these assets. This may imply that FTX anticipates potential market disruption if a large volume is sold at once. However, even with controlled release, the market could still experience downward pressure. Potential for Increased Limits: The provision for increasing the limit with the approval of the creditors’ committee and ad hoc committee, or potentially even up to $200 million weekly with court approval, shows that there's room for further selling pressure in the coming weeks. Binance US CEO Resignation: The resignation of Binance US President and CEO, Brian Shroder, could potentially signal internal challenges within the exchange. Leadership changes in major crypto exchanges can lead to uncertainty and can impact market sentiment. Asset List: The assets listed for liquidation include some of the major cryptocurrencies in the market such as Bitcoin, Ethereum, WBTC, WETH, USDT, SOL, XRP, STG, APT, BIT, DOGE, MATIC, FTT, TON and more. If a significant portion of these assets are sold off, it could have a widespread impact on the market. Market Sentiment and Confidence: These events combined might lead to a loss of confidence in the crypto market, especially if investors perceive them as signs of instability or potential oversupply. Regulatory Considerations: The fact that a bankruptcy court is involved in this process highlights the regulatory environment surrounding cryptocurrencies. Heightened regulatory scrutiny or intervention can have a dampening effect on the market. Considering the above, my Price Target for MATIC Polygon is $0.41. Looking forward to read your opinion about it.
MShort
by TopgOptions