No Result
View All Result
Thursday, September 21, 2023
  • Login
LiveBetPro - Soccer Betting Tips, Crypto Casino, Crypo Exchanger
  • Home
  • Crypto Casinos
    • Best Cryptocurrency Casinos
  • Bookmakers
    • Top Online Bookmakers 2023
  • Exchanges
    • Best Cryptocurrency Exchanges
    • Best Crypto Derivatives Exchanges [2023]
    • 9 Best Bitcoin Exchanges
    • Bybit Review
    • Binance Review 2023
    • Coinbase Review [2023]
    • Gate.io Exchange Review [2023]
    • KuCoin Review 2023
    • BitYard Review [2023]
  • Scripts Bots
    • Seuntjies DiceBot
  • Betting Tips
  • Promotions
  • Contact Us
No Result
View All Result
  • Home
  • Crypto Casinos
    • Best Cryptocurrency Casinos
  • Bookmakers
    • Top Online Bookmakers 2023
  • Exchanges
    • Best Cryptocurrency Exchanges
    • Best Crypto Derivatives Exchanges [2023]
    • 9 Best Bitcoin Exchanges
    • Bybit Review
    • Binance Review 2023
    • Coinbase Review [2023]
    • Gate.io Exchange Review [2023]
    • KuCoin Review 2023
    • BitYard Review [2023]
  • Scripts Bots
    • Seuntjies DiceBot
  • Betting Tips
  • Promotions
  • Contact Us
No Result
View All Result
LiveBetPro - Soccer Betting Tips, Crypto Casino, Crypo Exchanger
No Result
View All Result
Home Crypto

How long can Polygon bulls keep up? Is MATIC price a buy now?

LiveBetPro by LiveBetPro
July 18, 2022
in Crypto
2
FXStreet
194
SHARES
1.5k
VIEWS

(Akash Girimath – FXStreet)

– MATIC price has overcome the 50-day and the 100-day EMA, indicating a full-blown bullish momentum.

– Only two major hurdles stand against Polygon bulls, the 200-day EMA at $1.05 and the weekly resistance barrier at $1.30.

– A daily candlestick close below $0.68 will invalidate the bullish thesis. 

MATIC price has been in an uptrend since July 13 and is close to doubling. It is close to facing two significant barriers that risk bringing the move to a halt. A flip of the immediate hurdle will indicate a continuation higher, but a breakdown of a horizontal support level will invalidate the bullish thesis.

Related articles

Paypal Suspends Stablecoin Development Due to NYDFS Examination

Paypal Suspends Stablecoin Development Due to NYDFS Examination

February 11, 2023
Its Advantages Over Traditional Fiat Currencies

Evolution of Crypto – Its Advantages Over Traditional Fiat Currencies

February 8, 2023

MATIC price and its momentum

MATIC price recovery has been uncontested compared to other altcoins. After bouncing 110% between June 18 and June 24, Polygon met a resistance barrier at $0.62. After a brief consolidation, however, this blockade was overcome.

Since July 13, MATIC price has risen another 76% and shows no signs of stopping as it recently sliced through the 100-day Exponential Moving Average (EMA) at $0.79. 

If bullish momentum continues to rise, flipping the 200-day EMA at $1.05 into a support level, there is a good chance MATIC price will retest the $1.30 hurdle. In total, this move would constitute a 44% ascent from the current position at $0.90.

The only way to tell if MATIC price will continue to rise is by watching Bitcoin. If BTC price continues to rise and overcomes the 200-week Simple Moving Average (SMA) at $22,559, other altcoins, including Polygon, will likewise continue to rise.

If Bitcoin price crashes, however, other altcoins could face a similar fate and retrace violently as investors start to book profits.

FXStreet

While MATIC price shows a massively bullish outlook, investors should be aware that trends exhaust. If holders start to book profits, a retracement seems plausible. The bullish thesis will face invalidation if this pullback produces a daily candlestick close below $0.68.

In such a case, MATIC price could revisit the $0.62 and $0.51 support levels.

Post Views: 270

Related posts:

bitcoinBitcoin Exploring_QTumExploring QTum: A Beginner Guide 5 Korean Crypto Exchanges5 Korean Crypto Exchanges Create Plan To Prevent Luna Catastrophe celsius-CELWhat is Celsius? (CEL) PolkadotWhat Is Dot a Beginners Guide FXStreetDeFi traders must consider these resistance levels before trading Compound’s COMP price ApeCoin (APE) Soon To Receive Update Enabling Staking FeatureApeCoin (APE) Soon To Receive Update Enabling Staking Feature Crypto ATM Installations Worldwide Witness a 32% DeclineCrypto ATM Installations Worldwide Witness a 32% Decline
Tags: full-blown bullish momentumMATIC pricePolygon bulls

Related Posts

Paypal Suspends Stablecoin Development Due to NYDFS Examination

Paypal Suspends Stablecoin Development Due to NYDFS Examination

by LiveBetPro
February 11, 2023
0

Paypal Halts Stablecoin Project Following NYDFS Scrutiny Paypal has recently announced that it will suspend the development of its upcoming...

Its Advantages Over Traditional Fiat Currencies

Evolution of Crypto – Its Advantages Over Traditional Fiat Currencies

by LiveBetPro
February 8, 2023
0

Cryptocurrency, a digital or virtual currency secured by cryptography, has evolved as a decentralized alternative to traditional fiat currencies. It...

BinanceCoin

BNB/USD (Binance) Elliott Wave analysis – Turn the higher taking place

by LiveBetPro
February 7, 2023
1

(Elliott Wave Forecast Team) Binance Coin is the cryptocurrency issued by the Binance exchange and carries the BNB symbol. With...

AdaSwap, a Cardano Ecosystem Builder All Set For Launch of Public Testnet

Cardano price looks overpriced, 17% nosedive likely for ADA

by LiveBetPro
February 7, 2023
1

(Filip L. - FXStreet) - Cardano price jumps over 2% in a slight recovery during the European session. - ADA...

LunaTerra

Luna Classic gears up for recovery after Binance support and latest upgrade

by LiveBetPro
February 7, 2023
2

(Ekta Mourya - FXStreet) - Terra Classic network upgrade from v1.0.4 to v.1.0.5 has received Binance’s support, and the exchange...

Load More
  • Trending
  • Comments
  • Latest
Are-Your-Investments-Safe-with-Crypto-Trading-Bots

Are Your Investments Safe with Crypto Trading Bots?

June 8, 2022
freebitco-Multiply BTC

Freebitco Review – Discover Multiple Ways To Earn Free Bitcoins

June 4, 2022
livebetpro-tips

Soccer Prediction Betting Tips 11112022

September 5, 2023
sol-vs-ada

Solana entities sold 50M tokens to FTX – How long will SOL price suffer?

November 16, 2022
bitcoin

Bitcoin

119
Ethereum

Ethereum

58
8-Tips-On-How-To-Make-Money-Sports-Betting

8 Tips On How To Make Money Sports Betting

49
How-To-Use-Crypto-Online-Gambling-Websites

How To Use Crypto Online Gambling Websites

47
livebetpro-tips

Soccer Prediction Betting Tips 21092023

September 21, 2023
livebetpro-tips

Soccer Prediction Betting Tips 20092023

September 20, 2023
livebetpro-tips

Soccer Prediction Betting Tips 19092023

September 19, 2023
Essential Football Betting Tips for Beginners

Essential Football Betting Tips for Beginners

September 19, 2023

Connect with LiveBetPro.com

telegram twitter

Now online

livebetpro

Livebetpro Information

Address: Ho Chi Minh City, Vietnam, 70000

Contact Us:

– Skype: fxvnpro
– Email:
livebetpro@gmail.com
admin@livebetpro.com

Payment Methods

– Webmoney
– Perfect Money
– Skrill
– Neteller
– Bank Wire
– Bitcoin

Disclamers

Any promotions, reviews, and other information in the website are just for the information purpose only.

There is no invitation or encouragement to invest in Casinos, Bettings, Cryptocurrencies and so on. We disclaim liability for any loss resulting from the use of information contained on this website.

The published comments are private opinions or feedback of the users. Livebetpro is not responsible for any information on the website.

Risk Warning

Please be aware of your investment into bettings/casinos/cryptos which is high risk and not suitable for everyone.

Recent Posts

  • Soccer Prediction Betting Tips 21092023
  • Soccer Prediction Betting Tips 20092023
  • Soccer Prediction Betting Tips 19092023
  • Essential Football Betting Tips for Beginners
  • Soccer Prediction Betting Tips 28072023
  • Crypto Dice game tips
  • Soccer Prediction Betting Tips 03042023
  • Soccer Prediction Betting Tips 20032023
  • Soccer Prediction Betting Tips 14032023
  • Soccer Prediction Betting Tips 13032023

Categories

  • Affiliate Programs
  • Betting Tips
  • Bitcoin
  • Blockchain
  • Blockchain Gaming
  • Crypto
  • Crypto Casinos
  • crypto lending platform
  • Crypto Mining
  • Crypto Trading
  • Crypto Trading Bots
  • Crypto Wallets
  • Cryptocurrency Price analysis and Prediction
  • DeFi
  • Earn Free Crypto
  • Ethereum
  • Exchanges
  • Faucets
  • Investment News
  • NFT
  • Promotions
  • Ripple
  • Scripts Bots
  • sport betting
  • USDT
  • Web3
  • XRP
  • About
  • FAQ
  • Contact Us

© 2023 by LiveBetPro.

No Result
View All Result
  • Contact Us
  • Homepages

© 2023 by LiveBetPro.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In