{"id":123623,"date":"2023-07-17T17:26:51","date_gmt":"2023-07-17T17:26:51","guid":{"rendered":"https:\/\/dripp.zone\/news\/is-this-the-last-pullback-in-matic-price-before-a-leap-to-1-crypto-news\/"},"modified":"2023-07-17T17:26:55","modified_gmt":"2023-07-17T17:26:55","slug":"is-this-the-last-pullback-in-matic-price-before-a-leap-to-1-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/is-this-the-last-pullback-in-matic-price-before-a-leap-to-1-crypto-news\/","title":{"rendered":"Is This The Last Pullback In MATIC Price Before A Leap To $1?\n &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-154511\">\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\/17225115\/Tbg75shr-e1689614490690.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\/17225115\/Tbg75shr-e1689614490690.png 1200w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/17225115\/Tbg75shr-e1689614490690-300x170.png 300w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/17225115\/Tbg75shr-e1689614490690-768x436.png 768w, https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/07\/17225115\/Tbg75shr-e1689614490690-150x85.png 150w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 6 minutes ago  <\/p>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400;\">Over the past five months, the <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> has maintained a steady recovery under the influence of a rising trendline.  From the June 10th low of $0.509, the coin price surged 51% and currently trades at the $0.779 mark.  The series of new higher highs and lows reflect sustained recovery that traders can use to accumulate polygon coins.<\/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;\">A rising trendline governs the current recovery in MATIC price<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">The coin price could plunge 7-8% before meeting significant support.<\/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 $10.7 Million, showing a 37% 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\" width=\"1946\" height=\"1104\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/l\/LFVeU1Ty.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"https:\/\/s3.tradingview.com\/snapshots\/l\/LFVeU1Ty.png\" alt=\"Matic Price\" width=\"1946\" height=\"1104\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Amid the recent surge in the crypto market, the MATIC price gave a bullish breakout from the $0.8224 resistance.  However, the buyers could not sustain a higher level, and the price plunged below $0.822, creating a fake breakdown scenario.<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">This <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/markets\/bitcoin-price-analysis-bull-traps-puts-btc-price-at-risk-of-prolong-correction\/\">bull trap<\/a> Accelerated selling pressure and plunged the price by 11% in the last three days.  The polygon price currently trades at $0.78 and is likely to plunge another 7-8% to retest the rising trendline.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">The prices have already bounced twice from this dynamic support, offering an opportunity to buy a dip.  If the buyers sustain this trendline, the bullish recovery will prolong and drive to $0.95.<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<h2><strong>Can Polygon Price Go Back To $0.55?<\/strong><\/h2>\n<p><span style=\"font-weight: 400;\">Until the rising trendline is intact, the MATIC price may prolong the recovery rally.  However, in case the market sentiment shows weakness, the sellers may breach the support trendline.  The post-breakdown could plunge the altcoin 28% down to $0.55. <\/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 indicates bullish momentum is strong.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Average Directional Index: <\/b><span style=\"font-weight: 400;\">The rising daily ADX slope at 25% reflects the buyer&#8217;s potential for a long rally.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA154511\">\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=\"TabD154511\">\n<p>    The content presented may include the personal opinion of the author and is subject to market condition.  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 6 minutes ago Over the past five months, the matic price has maintained a steady recovery under the influence of a rising trendline. From the June 10th low of $0.509, the coin price surged 51% and currently trades at the $0.779 mark. The series of new higher highs and lows reflect sustained recovery that [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":123624,"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-123623","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\/123623","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=123623"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123623\/revisions"}],"predecessor-version":[{"id":123625,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/123623\/revisions\/123625"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/123624"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=123623"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=123623"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=123623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}