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28 февраль 2023 в 09:34 // баа

Although Polygon is bearish, the bears have run their course

Polygon (MATIC) price is falling as it breaks below the 21-day line SMA.

Полигон баасы узак мөөнөттүү болжолу: аюу


The current uptrend is over as it was rejected at the high of $1.54. Similarly, bearish exhaustion has been reached by selling pressure. The market has dipped into oversold territory on the shorter term horizon. Moreover, the Polygon between the moving average lines has declined. The altcoin may resume its movement between the moving average lines when the selling pressure subsides. If the cryptocurrency’s price breaks the 50-day line SMA, it could fall as low as $0.90. On the other hand, if the price rises above the 21-day line SMA, MATIC will resume its uptrend. The altcoin will rise and recapture the previous high of $1.54. 


Полигон индикатордук анализ


At the 45 level of the Relative Strength Index for the period 14, the altcoin has dipped into the bearish trend zone. The fact that the altcoin is between the moving average lines suggests that a movement within a trading range could take place. The MATIC is now below the daily stochastic value of 20, indicating that the market is oversold in this area.


MATICUSD(Daily Chart) - февраль 28.23.jpg


техникалык көрсөткүчтөр


Каршылык көрсөтүү этаптары: $ 1.20, $ 1.30, $ 1.40



Колдоо этаптары: $ 1.00, $ 0.90, $ 0.80


Полигондун кийинки кадамы кандай?


Although Polygon is bearish, the bears have run their course. Where the moving average lines are intact, the cryptocurrency value is likely to trade between them. In other words, the MATIC price will trade between $1.10 and $1.30. When these levels are broken, the altcoin will rise or fall.


MATICUSD(4 Hour Chart) - February 28.23.jpg


Жоопкерчиликтен баш тартуу. Бул талдоо жана болжолдоо автордун жеке пикири жана cryptocurrency сатып алуу же сатуу боюнча сунуш эмес жана CoinIdol тарабынан жактыруу катары каралбашы керек. Окурмандар каражатка инвестициялоодон мурун өз алдынча изилдөө жүргүзүшү керек.

Source: https://coinidol.com/polygon-hold-1-00/