{"id":117851,"date":"2023-07-04T20:00:15","date_gmt":"2023-07-04T20:00:15","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-matic-price-reclaim-1-in-july-crypto-news\/"},"modified":"2023-07-04T20:00:17","modified_gmt":"2023-07-04T20:00:17","slug":"will-matic-price-reclaim-1-in-july-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-matic-price-reclaim-1-in-july-crypto-news\/","title":{"rendered":"Will $MATIC Price Reclaim $1 in July?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-153382\">\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img loading=\"lazy\" width=\"1200\" height=\"681\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/05011809\/wWQxchKW-e1688500103257.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"MATIC Price Analysis\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/05011809\/wWQxchKW-e1688500103257.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/05011809\/wWQxchKW-e1688500103257-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/05011809\/wWQxchKW-e1688500103257-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/05011809\/wWQxchKW-e1688500103257-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 10 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">MATIC Price Analysis: Over the past three weeks, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/polygon\/#:~:text=About%20Polygon%20(MATIC),is%20currently%20trading%20at%200.68492152.\">matic price<\/a> has shown a silent recovery in the daily time frame chart.  From the June low of $0.5089, the coin price surged 40% to reach this month&#8217;s high near $0.72.  Amid this breakout, the coin price showed a bullish breakout from the $0.694 horizontal resistance, which should boost the buying pressure in the market.  However, with a suitable follow and overhead supply pressure from the downsloping trendline, this breakout may fail to trigger a steeper fall.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p>Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/polygon-2-0-architecture-unveiled-matic-price-surges-by-5-6\/\">Polygon 2.0 Architecture Unveiled, MATIC Price Surges by 5.6%<\/a><\/p>\n<h2><b>MATIC Price Daily Chart<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A potential reversal from the resistance trendline sets the MATIC price for a potential fall of 13.7%.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">A fake breakout from the $0.694 resistance may accelerate selling pressure among traders.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume in the MATIC is $289.5 Million, indicating a 15.5% loss.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"MATIC Price Analysis\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/w\/wWQxchKW.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/w\/wWQxchKW.png\" alt=\"MATIC Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript><\/span><span style=\"font-weight: 400;\">Source-<\/span><span style=\"font-weight: 400;\">tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With an intraday loss of 2.85%, the MATIC price turned down from a downsloping resistance trendline.  Over the past four months, the price has revered thrice from this dynamic resistance, indicating the traders have been actively selling bullish bounces which is a key trait of a sustained downtrend.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">Therefore, a reversal from this trendline can be an early sign of significant downfall.  Currently, the Polygon coin trades at $0.693 and has plunged below the recently reclaimed support of $0.694.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">If the falling price closes below the $0.678 low of yesterday&#8217;s candle, the buyers&#8217; weapon to trade will break and sellers will have higher command over the trend.  The potential downfall could tumble the price 13.7% lower to hit the $0.6 psychological barrier.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><b>Will MATIC Price Reach To $1 Mark?<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">For buyers to regain trend control, it needs to breach the long-coming resistance trendline.  As per the Dow theory of the financial market, no trade remains the same, and therefore, the aforementioned breakout will be the first signal of a trend change.  The buyers could drive a post-breakout rally to $0.822, followed by $0.947 and $1.036.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average Directional Movement Index: <\/b><span style=\"font-weight: 400;\">The falling ADX slope also reflects the weakening of bearish momentum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Exponential Moving Average: <\/b>IF <span style=\"font-weight: 400;\">the falling prices breached the 20-day <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/exponential-moving-average-how-to-leverage-it-in-crypto-market\/\">Ema<\/a> slope the short-sellers will gain an extra edge.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA153382\">\n<div class=\"authorBox\">\n<div class=\"author_Name\">\n<!--\n                                      \n\n<div class=\"getAuthoname\">\n                                          \n                                                                                 \n                                       <\/div>\n\n \n--><\/p>\n<p>From the past 5 years I am working in Journalism.  I follow the Blockchain &#038; Cryptocurrency from last 3 years.  I have written on a variety of different topics including fashion, beauty, entertainment, and finance.  Reach out to me at brian(at)coingape.com                         <\/p>\n<\/p><\/div>\n<div class=\"author_Image\">\n                                             <img loading=\"lazy\" alt=\"\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" data-lazy-srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\" data-lazy-src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/97819e56237550ccb85011dd23b241ea?s=400&#038;d=mm&#038;r=g 2x\" class=\"avatar avatar-200 photo\" height=\"200\" width=\"200\" decoding=\"async\"\/><\/noscript>                                       <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div class=\"TabDesCm tabcS\" id=\"TabD153382\">\n<p>    The content presented may include the personal opinion of the author and is subject to market conditions.  Do your market research before investing in cryptocurrencies.  The author or the publication does not hold any responsibility for your personal financial loss.<\/p>\n<\/div><\/div>\n<\/p><\/div>\n<p>     <!--           <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/category\/price-analysis\/\" class=\"closeArticle2 close-btn\">Close Story<\/a>--><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Published 10 minutes ago MATIC Price Analysis: Over the past three weeks, the matic price has shown a silent recovery in the daily time frame chart. From the June low of $0.5089, the coin price surged 40% to reach this month&#8217;s high near $0.72. Amid this breakout, the coin price showed a bullish breakout from [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":117852,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[192,29,198,194,195,199,196,193,197,200],"class_list":["post-117851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-blockchain-business","tag-business","tag-coins","tag-crypto-business","tag-cryptocurrency-business","tag-fiat","tag-metaverse-business","tag-nft-business","tag-token","tag-token-business"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117851","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=117851"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117851\/revisions"}],"predecessor-version":[{"id":117853,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/117851\/revisions\/117853"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/117852"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=117851"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=117851"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=117851"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}