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Polygon's MATIC is down bad right now
$BINANCE:MATICUSDT
On June 10, Polygon plummeted below the crucial support level of $0.69, clearly indicating the firm control of bears. However, there is a minor consolation for buyers as the price recovered sharply from the strong support near $0.50, as evidenced by the long tail on the candlestick.
The MATIC/USDT pair will attempt a bounce, but it is likely to face significant selling pressure at the breakdown level of $0.69. If the price turns downwards from this level, it will indicate that bears are attempting to turn $0.69 into resistance, potentially leading to a retest of $0.50. For bulls to initiate a sustained recovery, they will need to drive and maintain the price above the 20-day EMA ($0.79).
On June 10, Polygon plummeted below the crucial support level of $0.69, clearly indicating the firm control of bears. However, there is a minor consolation for buyers as the price recovered sharply from the strong support near $0.50, as evidenced by the long tail on the candlestick.
The MATIC/USDT pair will attempt a bounce, but it is likely to face significant selling pressure at the breakdown level of $0.69. If the price turns downwards from this level, it will indicate that bears are attempting to turn $0.69 into resistance, potentially leading to a retest of $0.50. For bulls to initiate a sustained recovery, they will need to drive and maintain the price above the 20-day EMA ($0.79).
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Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.