{"id":170143,"date":"2023-10-07T21:58:45","date_gmt":"2023-10-07T16:28:45","guid":{"rendered":"https:\/\/dripp.zone\/news\/has-the-matic-price-correction-trend-bottomed-at-0-5-crypto-news\/"},"modified":"2023-10-07T21:58:48","modified_gmt":"2023-10-07T16:28:48","slug":"has-the-matic-price-correction-trend-bottomed-at-0-5-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/has-the-matic-price-correction-trend-bottomed-at-0-5-crypto-news\/","title":{"rendered":"Has the MATIC Price Correction Trend Bottomed at $0.5? &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div id=\"post-160998\">\n<p>\nOverhead supply hints the MATIC price could prolong a sideways trend in coming trading days; should you keep holding?\t\t\t\t<\/p>\n<p><!--\n     \n\n<div class=\"marketThumbs\">\n             <noscript><img width=\"1200\" height=\"681\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/rrs4OP5A-e1696695455868.png\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"MATIC Price\" decoding=\"async\" fetchpriority=\"high\" \/><\/noscript><\/div>\n\n\n--><\/p>\n<p class=\"MarketsUp f-14 d-block\">Published 5 seconds ago  <\/p>\n<div class=\"SocialMarketS d-flex position-static\">\n<div class=\"Socilsm\">\n<div class=\"LinksSo p-0\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/has-the-matic-price-correction-trend-bottomed-at-0-5\/&#038;text=Has the MATIC Price Correction Trend Bottomed at $0.5?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/has-the-matic-price-correction-trend-bottomed-at-0-5\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/has-the-matic-price-correction-trend-bottomed-at-0-5\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<p>                    <!-- \n\n<div class=\"m-on\">\n<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.bydfi.com\/invite?ru=6FPHxM&f=coingape\" class=\"add-container border-chnage ml-2\"> <img loading=\"lazy\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\"http:\/\/www.w3.org\/2000\/svg\"%20viewBox='0%200%20150%2040'%3E%3C\/svg%3E\" alt=\"Bonus\" decoding=\"async\" class=\"image-ads\" width=\"150\" height=\"40\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\"><noscript><img src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/25122123\/bonus.png\" alt=\"Bonus\" decoding=\"async\" loading=\"lazy\" class=\"image-ads\" width=\"150\" height=\"40\"><\/noscript>\n    <\/a>\n<\/div>\n\n -->\n                <\/div>\n<div class=\"Atcs\">\n<p><span style=\"font-weight: 400\">In the midst of September\u2019s tumultuous market swings, the MATIC price has notably demonstrated resilience, especially around the pivotal $0.5 support region. The coin has found strong buying interest here, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/matic-price-prediction-as-polygon-2-0-prepares-to-come-to-life-breakout-in-the-offing\/\">bouncing back twice<\/a> and underscoring the area\u2019s significance as a hotbed for accumulation. Spurred by these rebounds, the coin price witnessed a 13.5% surge within a fortnight, currently trading around $0.56. But does this rally have enough vigor to propel it past the $0.6 mark?<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400\">Also Read: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/polygon-co-founder-steps-aside-stays-committed-from-the-sidelines\/\">Polygon Co-Founder Steps Aside, Stays Committed \u2018From the Sidelines\u2019<\/a><\/span><\/p>\n<h2><b>Will MATIC Price Recovery Hit $0.6?<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">A potential breakout from the resistance trendline could push the 12-20%<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The $0.5 psychological level stands as a strong support zone for crypto buyers<\/span><\/li>\n<li style=\"font-weight: 400\"><span style=\"font-weight: 400\">The intraday trading volume of the MATIC coin is $275.9 Million, showing a 9.56% gain.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400\"><img decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"TradingView Chart\" data-lazy-src=\"https:\/\/s3.tradingview.com\/snapshots\/r\/rrs4OP5A.png\"\/><noscript><img decoding=\"async\" src=\"https:\/\/s3.tradingview.com\/snapshots\/r\/rrs4OP5A.png\" alt=\"TradingView Chart\"\/><\/noscript>Source- Tradingview<\/span><\/p>\n<p><span style=\"font-weight: 400\">The recent crypto downturn hasn\u2019t spared MATIC, as the price is contending with mounting selling pressure near the $0.6 threshold. Over the past week, the bulls\u2019 twin assaults on this mark have been repelled, evidenced by two pronounced price rejection candles on the daily timeframe.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400\">Compounding this resistance is the convergence of the $0.6 zone with a downward-sloping trendline that\u2019s held its ground for half a year, having previously thwarted the buyers;s ascents twice. At the moment, the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/price\/polygon\/\">polygon coin price<\/a> is hovering around $0.5, notching a modest 1.21% gain intraday.\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400\">If the trendline continues to suppress price action, we could see the coin price oscillate between it and the foundational $0.5 support. A genuine recovery would necessitate a convincing breach of this trendline, with a daily candle\u2019s close above it.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Such a move could pave the way for a rally targeting the $0.63 mark.<\/span><\/p>\n<h2><b>MATIC vs BTC Performance<\/b><\/h2>\n<p><span style=\"font-weight: 400\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-161000\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" alt=\"MATIC Vs BTC\" width=\"1200\" height=\"675\" data-lazy-src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-07_21-45-45-e1696695632929.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-161000\" src=\"https:\/\/coingape.com\/wp-content\/uploads\/2023\/10\/image_2023-10-07_21-45-45-e1696695632929.png\" alt=\"MATIC Vs BTC\" width=\"1200\" height=\"675\"\/><\/noscript>Source: Coingape| Polygon Vs MATIC Price<\/span><\/p>\n<p><!-- WP QUADS Content Ad Plugin v. 2.0.72.1 --><\/p>\n<p><span style=\"font-weight: 400\">In a comparative analysis, The Bitcoin price performance over the past six months appears considerably more stable than that of Polygon (MATIC), the world\u2019s 12th-largest cryptocurrency. The consistent pattern of higher lows and lower highs indicates a prevailing downtrend, casting uncertainty over the asset\u2019s potential as an investment.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400\"><b>Bollinger band. <\/b><span style=\"font-weight: 400\">An uptick in the upper band of the <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/education\/bollinger-band\/\">Bollinger band indicator<\/a> reflects the bullish momentum is still active.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400\"><b>Moving Averages Convergence Divergence. <\/b><span style=\"font-weight: 400\">The rising <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/coingape.com\/glossary\/macd-moving-average-convergence-divergnece\/\">MACD<\/a>(blue) and signal(orange) slope reflects the buyer\u2019s attempt to prolong the recovery trend.<\/span><\/li>\n<\/ul><\/div>\n<div class=\"MarketBottm\">\n<div class=\"Socilsm\">\n<p>\n                    Share this article on:<\/p>\n<div class=\"LinksSo\">\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.me\/share\/url?url=https:\/\/coingape.com\/markets\/has-the-matic-price-correction-trend-bottomed-at-0-5\/&#038;text=Has the MATIC Price Correction Trend Bottomed at $0.5?\" class=\"TeleS\"><i class=\"fa fa-paper-plane-o\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/api.whatsapp.com\/send?text=https:\/\/coingape.com\/markets\/has-the-matic-price-correction-trend-bottomed-at-0-5\/\" data-action=\"share\/whatsapp\/share\" class=\"TeleSwp\"><i class=\"fa fa-whatsapp\"\/><\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/share?url=https:\/\/coingape.com\/markets\/has-the-matic-price-correction-trend-bottomed-at-0-5\/\" class=\"tw_new_logo\"><br \/>\n<img loading=\"lazy\" decoding=\"async\" src=\"data:image\/svg+xml,%3Csvg%20xmlns=\" http:=\"\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\" data-lazy-src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\"\/><noscript><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/cdn.coingape.com\/wp-content\/uploads\/2023\/08\/14164721\/x-logo.png\" class=\"mb-1\" alt=\"coingape\" width=\"18\" height=\"18\"\/><\/noscript><br \/>\n<\/a><br \/>\n                    <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https:\/\/coingape.com\/markets\/has-the-matic-price-correction-trend-bottomed-at-0-5\/\" class=\"TeleSFb\"><i class=\"fa fa-facebook\"\/><\/a>\n                    <\/div>\n<\/p><\/div>\n<\/div>\n<div class=\"TabDicA\">\n<div class=\"TBAcon \">\n<div class=\"authorFlip tabcS\" id=\"TabA160998\">\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>Sahil is a dedicated full-time trader with over three years of experience in the financial markets. Armed with a strong grasp of technical analysis, he keeps a vigilant eye on the daily price movements of top assets and indices. Drawn by his fascination with financial instruments, Sahil enthusiastically embraced the emerging realm of cryptocurrency, where he continues to explore opportunities driven by his passion for trading                         <\/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\/a533fdcf650a1d3d3b6a452bcef2d18a?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\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\"\/><noscript><img loading=\"lazy\" alt=\"\" src=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?s=200&#038;d=mm&#038;r=g\" srcset=\"https:\/\/secure.gravatar.com\/avatar\/a533fdcf650a1d3d3b6a452bcef2d18a?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=\"TabD160998\">\n<p>  The presented content 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<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Overhead supply hints the MATIC price could prolong a sideways trend in coming trading days; should you keep holding? Published 5 seconds ago In the midst of September\u2019s tumultuous market swings, the MATIC price has notably demonstrated resilience, especially around the pivotal $0.5 support region. The coin has found strong buying interest here, bouncing back [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":170144,"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-170143","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\/170143","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=170143"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170143\/revisions"}],"predecessor-version":[{"id":170145,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/170143\/revisions\/170145"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/170144"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=170143"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=170143"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=170143"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}