Connect with us

Hi, what are you looking for?


Matic Network Strengthens in Intraday, but Bearishness Lingers

Matic Network, one of the top 120 cryptos of the global cryptocurrency market, is seen trading at $0.0195 after rising from weekly supports of $0.0139. Over the past year, MATIC has spurred as high as $0.0338 in the earlier quarter and failed to cross above due to stringent resistance at $0.034 and $0.35.

However, the token strengthened in the previous month as well but due to lack of traction, it failed to summon to pre-corona levels as well that MATIC Network had hit in early March and May after strengthening from YTD low.

Moreover, as per MATIC price prediction and historical price movement, the token has managed to stay around $0.019. Matic Network is not one of the old cryptos of the market and has an All-Time High marked at $0.045, but thereafter, the token has faced many resistances at price levels, the major one’s being $0.043 and $0.0337.

At the press time, MATIC was seen rising from the weekly bottoms after breaching the lower band on the 2-day chart is now holding a strong inclination towards the upper Bollinger Band.

The price trend of Matic Network has been flattish throughout over the past 18 months now with intermittent spikes, with an All-Time High standing at $$0.045. The Bollinger Bands are seen moderately squeezing, which is likely to lead to a near-term weekly breakout on the chart.

The MACD exhibits a slight bearish crossover despite the intraday gain in the Matic token price due to no steep gain in price. The RSI also shows no string inclination towards either side, which lies at 54.02.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Press Release

Cryptocurrency signals offer various advantages and can help improve the outcome of any trading you perform. But before anything else, you need to know...

Price Analysis

Litecoin price hit a barrier marginally under $80 following a 23% spike in just two days. The sixth-largest cryptocurrency retreated to establish and confirm...

Price Analysis

Ripple appears to have resumed the uptrend from the support recently formed at $0.23. The fourth-largest cryptocurrency was recently rejected from levels slightly above...


California-based fast-food chain Taco Bell is entering the booming non-fungible token (NFT) marketplace. The fast-food giant released a collection of original taco-themed art pieces...

Copyright © 2020 Blockchain News Portal. All Rights Reserved. Website and the information contained herein is not intended to be a source of advice or credit analysis with respect to the material presented, and the information and/or documents contained in this website do not constitute investment advice.