MATIC Technical Analysis: $1.75 Mark Is A Real Growth Target
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Thus, the MATIC price fell to the range of $0.35, where buyers were once gaining ground for a new growth wave. Given the uncorrected fall in the MATIC price from April 2022 and the availability of the liquidity level, we expect the beginning of the formation of a price rebound. To implement a positive scenario and increase the price to $1.75, buyers must take control of the mark of $0.57. If local growth ends near $0.57, the MATIC market will expect a new fall wave with the first target of $0.22.
MATIC Technical Analysis On The Daily Timeframe
Analyzing the movement of MATIC prices on the daily timeframe, we can identify two opportunities for investment. Buyers are now forming a local price rebound that could end near the local $0.44 mark. If the MATIC price starts to slow down near this mark, we should expect a new fall wave. It is at $0.346 that there will be a good chance of buying MATIC with a low target of $0.6 with little risk. The second opportunity to buy MATIC will appear immediately after buyers manage to break up and fix above the $0.44 mark. In this case, buyers will confirm their strength and willingness to push the price higher to $0.6.
MATICBTC Price Completes The Global Correction
The weekly timeframe of the MATICBTC price movement shows us that the fall wave from December 2021 is coming to an end. The MATICBTC price from May 2021 is moving in the fall channel. Now sellers are testing the bottom trend line of this channel. The weekly timeframe shows how the price has stopped and buyers have practically seized the initiative. A powerful growth wave with the final target of 0.00005 may form in front. This target does not mean breaking the global downward trend, but is quite large, given the distance from the current price of MATICBTC. Therefore, despite the global bearish trend in the cryptocurrency market in the coming months, we expect a price rebound. That's how powerful this rebound will be.