{"id":120884,"date":"2023-07-11T15:13:27","date_gmt":"2023-07-11T15:13:27","guid":{"rendered":"https:\/\/dripp.zone\/news\/will-the-matic-price-recovery-rally-hit-1-in-july-crypto-news\/"},"modified":"2023-07-11T15:13:30","modified_gmt":"2023-07-11T15:13:30","slug":"will-the-matic-price-recovery-rally-hit-1-in-july-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/will-the-matic-price-recovery-rally-hit-1-in-july-crypto-news\/","title":{"rendered":"Will the $MATIC Price Recovery Rally Hit $1 in July?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-153974\">\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\/11201651\/WUS4uF7j-e1689086832212.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"MATIC price\" decoding=\"async\" srcset=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/11201651\/WUS4uF7j-e1689086832212.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/11201651\/WUS4uF7j-e1689086832212-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/11201651\/WUS4uF7j-e1689086832212-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/11201651\/WUS4uF7j-e1689086832212-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 21 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">MATIC Price Analysis: The ongoing recovery rally in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/polygon\/#:~:text=About%20Polygon%20(MATIC),the%20Coingape%20Crypto%20Price%20Page.\">matic price<\/a> projects an early sign of trend reversal as buyer&#8217;s breach a multi-month resistance trendline.  For nearly five months, the coin price witnessed active selling at this trendline carrying an established downtrend, however, with the recent recovery in the crypto market, the buyers gave a massive breakout from this trendline suggesting a start of a fresh bull rally.<\/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\/matic-price-polygon-crypto-news\/\">What&#8217;s Driving Polygon (MATIC) Price Rally In July 2023?<\/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;\">High momentum breakout from resistance trendline set polygon coin for a 27.5% bullish upswing<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coin price could show a minor pullback to retest the breached trendline before the next leap.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The intraday trading volume of the Polygon coin is $499.6 Million, showing a 63% gain.<\/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\/WUS4uF7j.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/w\/WUS4uF7j.png\" alt=\"MATIC Price Analysis\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">On July 10th, the MATIC recovery rally gave a decisive breakout from the long-coming resistance trendline.  This breakout backed by increased volume reflects the buyer&#8217;s conviction to reclaim higher grounds.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">With a 1.2% intraday gain, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/altcoins\/\">altcoin<\/a> offered a suitable follow-up to prolong the bullish rally.  However, a minor pullback is possible to check the potential support strength of the reclaimed trendline.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">This trendline may act as a point for building long positions and a solid springboard to bolster buyers.  By the press time, the Polygon coin price was trading at $0.74, and with steady it could be next to significant resistance of $0.822, followed by $0.947, and $1.03.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><strong>Can Polygon Price Go Back To $0.6?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">If the broader market sentiment remains indecisive, the buyers struggle to sustain above the breached trendline.  On a pessimistic approach, a breakdown below the trendline with a daily candle closing, will offset the bullish thesis and project the continuation of a bearish trend.  This breakdown will create a fake breakout scenario, and plunge the coin price back to $0.6.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Bollinger Bands: <\/b><span style=\"font-weight: 400;\">The upper band of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger bands indicator<\/a> challenged on the upside reflects strong bullish momentum.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Moving Average Convergence Divergence: <\/b><span style=\"font-weight: 400;\">A steady growth in <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\">MACD<\/a>(blue) and signal(orange) line showcase uptrend sentiment among traders.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA153974\">\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=\"TabD153974\">\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 21 minutes ago MATIC Price Analysis: The ongoing recovery rally in matic price projects an early sign of trend reversal as buyer&#8217;s breach a multi-month resistance trendline. For nearly five months, the coin price witnessed active selling at this trendline carrying an established downtrend, however, with the recent recovery in the crypto market, the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":120885,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[188,183,185,186,187,184,189,150,182,190],"class_list":["post-120884","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-blockchain-tech","tag-blockchain-technology","tag-crypto-technology","tag-cryptocurrency-technology","tag-metaverse-technology","tag-nft-technology","tag-soul-bound-token","tag-tech","tag-technology","tag-token-technology"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120884","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=120884"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120884\/revisions"}],"predecessor-version":[{"id":120886,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/120884\/revisions\/120886"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/120885"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=120884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=120884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=120884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}