Polygon's MATIC price signals hard times to come, here's why - Aliens: AI Crypto News & Markets Updates
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Polygon's MATIC price signals hard times to come, here's why

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FX Street

Wed, Jun 29, 2022

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Aliens TLDR

MATIC price shows an increase in bearish volume.

Polygon’s MATIC price signals bears have re-entered the market.

Polygon's MATIC price could justify the old traders saying that "early buys quickly die" as the price threatens a breach into the mid $0.40 barrier.

Polygon's MATIC price currently trades at the psychological $0.50 barrier.

The bears show an increase in volume on the 3-day chart, which confounds the idea that MATIC price will soon fall into lower Fib targets, presumably the 61.8% Fibonacci level at $0.48.

MATIC/USDT 3-Day Chart Still, having an invalidation point will be vital as early market conditions are known to be increasingly volatile near psychological levels.

If the bulls can re-hurdle this price point, they should have enough to stream to rally towards $0.91, resulting in a 90% increase from the current MATIC price.

FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

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