MATIC On The Move After Polygon Tapped By META | MATICUSD November 3, 2022
In this episode of NewsBTC’s daily technical analysis videos we are looking at MATIC following a more than 10% intraday move on the back of the announcement that META would use Polygon for Instagram NFTs. Take a look at the video below: VIDEO: Polygon Price Analysis (MATICUSD): November 3, 2022 The continued strength from MATIC has the altcoin’s momentum turning up yet again on the daily, strengthening on weekly timeframes, and only three days away from the 2-week timeframe crossing bullish. Related Reading: Litecoin Recovery To End Ongoing Crypto Darkness? LTCUSD November 2, 2022....
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Polygon (MATIC) is one of the biggest winners in the crypto market today, with a 15% price increase over the last 24 hours. As NewsBTC reported yesterday, MATIC gave a golden cross signal on the daily chart a few days ago. The last time MATICUSD posted this significant trading signal on the daily chart, the altcoin recorded a massive rally of more than 13,000%. Related Reading: MATIC On The Move After Polygon Tapped By META | MATICUSD November 3, 2022 MATIC had been trading in a sideways channel since mid-July. After the golden cross formed on October 20, MATIC showed small strength.....
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MATIC price started a major increase from the $0.840 support zone. Polygon buyers pumped the price above $1.20 and there could be more upsides. MATIC price rallied above the $1.00 and $1.20 resistance levels against the US dollar. The price is trading well above $1.00 and the 100 simple moving average (4-hours). There is a key contracting triangle forming with resistance at $1.22 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise and might soon revisit the $1.50 resistance zone. Polygon’s MATIC Price Rallies Steadily After forming a base....
MATIC price started a steady increase from the $0.720 support zone. Polygon buyers might now aim a push towards the key $1.00 resistance. MATIC price is gaining pace above the $0.80 level against the US dollar. The price is trading well above $0.800 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise and might soon test the $1.00 resistance zone. Polygon Price Starts Fresh Increase After a major decline, polygon’s price....