{"id":183483,"date":"2023-10-30T10:33:40","date_gmt":"2023-10-30T05:03:40","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=183483"},"modified":"2023-10-30T10:33:40","modified_gmt":"2023-10-30T05:03:40","slug":"polygon-could-blast-10-to-0-70-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/polygon-could-blast-10-to-0-70-crypto-news\/","title":{"rendered":"Polygon Could Blast 10% To $0.70 &#8211; Crypto News"},"content":{"rendered":"<p><\/p>\n<div>\n<p><em>MATIC price is consolidating gains above the $0.58 support zone. Polygon might gain bullish momentum if it clears the $0.650 resistance zone.<\/em><\/p>\n<ul>\n<li>MATIC price is showing positive signs below the $0.65 resistance against the US dollar.<\/li>\n<li>The price is trading above $0.60 and the 100 simple moving average (4 hours).<\/li>\n<li>There is a key contracting triangle forming with resistance near $0.640 on the 4-hour chart of the MATIC\/USD pair (data source from Kraken).<\/li>\n<li>The pair could continue to rise if it clears the $0.640 and $0.650 resistance levels.<\/li>\n<\/ul>\n<h2>Polygon\u2019s MATIC Price Aims Higher<\/h2>\n<p>After forming a base above the $0.50 level, Polygon\u2019s price started a steady increase. MATIC broke many hurdles near $0.550 to move into a positive zone, like <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/btc\/bitcoin-price-consolidates-35k\/\">Bitcoin<\/a> and <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/analysis\/eth\/ethereum-price-faces-big-move-2000\/\">Ethereum<\/a>.<\/p>\n<p>There was a move above the $0.60 resistance and the price climbed as high as $0.6646. Recently, there was a minor downside correction below the $0.640 level. The price declined below the 23.6% Fib retracement level of the upward move from the $0.5032 swing low to the $0.6646 high.<\/p>\n<p>MATIC is now trading above $0.60 and the 100 simple moving average (4 hours). There is also a key contracting triangle forming with resistance near $0.640 on the 4-hour chart of the MATIC\/USD pair.<\/p>\n<p><a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.newsbtc.com\/wp-content\/uploads\/2023\/10\/MATIC.png?resize=1024%2C468\"><\/a><\/p>\n<p>Source: <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.tradingview.com\/symbols\/MATICUSD\/\">MATICUSD on TradingView.com<\/a><\/p>\n<p>Immediate resistance is near the $0.640 level. The first major resistance is near the $0.650 level. If there is an upside break above the $0.650 resistance level, the price could continue to rise. The next major resistance is near $0.665. A clear move above the $0.665 resistance could start a steady increase. In the stated case, the price could even attempt a move toward the $0.680 level or $0.700.<\/p>\n<h2>Downside Correction in MATIC?<\/h2>\n<p>If MATIC\u2019s price fails to rise above the $0.640 resistance level, it could start a downside correction. Immediate support on the downside is near the $0.6100 level.<\/p>\n<p>The main support is near the $0.584 level or the 50% Fib retracement level of the upward move from the $0.5032 swing low to the $0.6646 high. A downside break below the $0.584 level could open the doors for a fresh decline toward $0.550. The next major support is near the $0.532 level.<\/p>\n<p>Technical Indicators<\/p>\n<p>4 hours MACD \u2013 The MACD for MATIC\/USD is gaining momentum in the bullish zone.<\/p>\n<p>4 hours RSI (Relative Strength Index) \u2013 The RSI for MATIC\/USD is now above the 50 level.<\/p>\n<p>Major Support Levels \u2013 $0.610 and $0.584.<\/p>\n<p>Major Resistance Levels \u2013 $0.640, $0.650, and $0.700.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>MATIC price is consolidating gains above the $0.58 support zone. Polygon might gain bullish momentum if it clears the $0.650 resistance zone. MATIC price is showing positive signs below the $0.65 resistance against the US dollar. The price is trading above $0.60 and the 100 simple moving average (4 hours). There is a key contracting [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":183484,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[235,203,210,234,231,232,237,238,236,233],"class_list":["post-183483","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blockchain","tag-bitcoin","tag-crypto-currency","tag-elon-musk","tag-ethereum","tag-hyperledger","tag-ibm","tag-mining","tag-nodes","tag-spacex","tag-tesla"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183483","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=183483"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183483\/revisions"}],"predecessor-version":[{"id":183485,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/183483\/revisions\/183485"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/183484"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=183483"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=183483"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=183483"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}