Short
RSI looks bearish for Polygon MATIC
BINANCE:MATICUSDT
Polygon has been trading within a narrow range between $0.91 and $0.82, indicating indecision among traders regarding the next directional move. The downward slope of the moving averages and an RSI below 39 indicate the prevailing control of the bears.
Sellers will aim to push the price below $0.82 to resume the downtrend, potentially leading the MATIC/USDT pair to retest the crucial support at $0.69. However, buyers are expected to vigorously defend this level.
To initiate a recovery, the bulls would need to drive the price above the resistance zone of $0.91 to $0.94. Such a move could trigger a strong relief rally towards the resistance line.
Polygon has been trading within a narrow range between $0.91 and $0.82, indicating indecision among traders regarding the next directional move. The downward slope of the moving averages and an RSI below 39 indicate the prevailing control of the bears.
Sellers will aim to push the price below $0.82 to resume the downtrend, potentially leading the MATIC/USDT pair to retest the crucial support at $0.69. However, buyers are expected to vigorously defend this level.
To initiate a recovery, the bulls would need to drive the price above the resistance zone of $0.91 to $0.94. Such a move could trigger a strong relief rally towards the resistance line.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.