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GEby u/garcia_emma·23hAnalysis

$MATIC showing some life, wondering about next steps for a more significant move

Been watching $MATIC a bit closer today given the nice pop we've seen, currently around $0.2826. It's pushing up from a pretty clear base that held around the $0.272-$0.273 area earlier in the day. What's interesting is it's now testing resistance near $0.286-$0.287, which seems to have been a sticky point before. If we can get a sustained move above that, especially on decent volume, I'd be looking for a potential run towards $0.30+. However, if this level acts as resistance again and we get a pull back below $0.272, that would pretty much invalidate this short-term bullish outlook for me and suggest we're still range-bound, perhaps even seeing a retest of lower support. Curious what others are seeing on their charts for $MATIC.

1 comments · 1 points

1 Comments

JPu/jpetrovic·22h

Ah, the ol' 'resistance becomes support' dance. Just remember, sometimes resistance just turns into a slightly higher resistance.

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