March 29, 2024

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Do you own this alternative currency?  Expect volatility

Do you own this alternative currency? Expect volatility

Crypto Insiders Premium members receive weekly fresh technical analysis of over 20 cryptocurrencies. You will also connect with experienced traders and analysts and a community of over 1,000 members.

In this article, we share a recent polygon analysis (MATIC) that was previously shared in our Premium suite. If you are not a member yet or if you still have questions after reading this article, Try our premium membership for free for 30 days.

Technical analysis MATIC price

Polygon, like many other cryptocurrencies, is in an uptrend. A few days ago, Crypto Insiders analysts described that MATIC price will continue to rise towards the blue resistance area.

This increase occurred yesterday, which means that a small correction may follow soon. However, MATIC is likely to be a bit higher first, as analysts recently pointed out at Premium Group:

“The MATIC path is making an AB = CD harmonic pattern, where we are now forming a CD. Since this wave is moving up in a zigzag, we expect it to continue rising towards 100% and 123.6% Fibonacci, or an area between $1.23 and $1.30.

After breaking this area, we expect at least a short correction to the south, but we remain bullish on MATC. We will share the depth of this patch in a new analysis in the Premium environment as soon as possible.”

This analysis was shared with members on January 26th. Analytics are usually shared 48 hours in advance in our Premium environment, and therefore may be a bit out of date.

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The cryptocurrency market is volatile and constantly changing. Often, after each increase, a decrease follows. Our analysts So use Bybit To also take advantage of lower prices through short positions. With a premium membership, you receive weekly technical analysis of more than 20 cryptocurrencies and learn from experienced analysts and traders how to profit from them. for more information, Take a look at our Premium info page and try the first 30 days for free.

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Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and advice provided on this site is based on the insights and experiences of our analysts. So, these are for educational purposes only.