MATIC/USD Ranges as Price Moves Near $0.865

The Polygon price prediction shows that Polygon is trading near the resistance level of $0.860 around the 9-day and 21-day moving averages.

Polygon Prediction Statistics Data:

• Polygon price now – $0.860
• Polygon market cap – $7.5 billion
• Polygon circulating supply – 8.73 billion
• Polygon total supply – 10 billion
• Polygon Coinmarketcap ranking – #10

MATIC/USD Market

Key Levels:

Resistance levels: $1.20, $1.30, $1.40

Support levels: $0.62, $0.52, $0.42

At the time of writing, MATIC/USD is trading at $0.860 within the channel, indicating an indecisive movement in the market. For the time being, the market price is moving towards the resistance level of $0.90 while the trading volume confirms the sideways movement.

Polygon Price Prediction: MATIC Price May Face the North

At the time of writing, the Polygon price is still ranging as the bulls prepare to push the coin to the upside. However, if the buyers regroup and push the Polygon price above the 21-day moving average, the market price might revisit the resistance level of $1.00.

Therefore, any bullish movement above this level could lead the market to the crucial resistance levels at $1.20, $1.30, and $1.40 respectively. On the contrary, if the coin crosses below the lower boundary of the channel, the MATIC price could reach the critical supports at $0.62, $0.52, and $0.42 as the technical indicator Relative Strength Index (14) stays below the 50-level.

Against Bitcoin, the Polygon is trading with a slight bullish candle around the 9-day moving average. The technical indicator Relative Strength Index (14) is moving around the 50-level which could decide the next direction of the market. Any bullish cross above the 21-day moving average may hit the resistance level of 6800 SAT and above.

However, any form of retreat below the lower boundary of the channel could bring the coin to the support level of 4000 SAT and below. But buyers will need to gather enough momentum to push the market price to the north. For now, MATIC/BTC is moving sideways and may start rising once the technical indicator turns upward.

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