MATIC coin price action shows a bullish trend in the ascending triangle pattern indicating a potential triangle breakout rally surpassing the $2 mark.

Key technical points:
<ul>
 	<li style="font-weight: 400">MATIC prices have increased by 4.58% in the past 24 hours.</li>
 	<li style="font-weight: 400">The uptrend challenges the $1.80 resistance zone.</li>
 	<li style="font-weight: 400">Finally, the 24-hour trading volume of Polygon is $791 Million, marking a 25.04% fall.</li>
</ul>
<h2>Past Performance of MATIC</h2>
MATIC coin price action shows a bullish reversal from the psychological barrier at $1. The reversal rally created a short-term bullish rally resulting in an ascending triangle with the $1.80 supply zone barrier. Moreover, the recent recovery from the support trendline shows almost a 5% jump, increasing the chances of a bullish breakout.

<img src="https://s3.tradingview.com/snapshots/k/KKz0KCl7.png" alt="TradingView Chart" />

Source-<a href="https://www.tradingview.com/x/KKz0KCl7/">Tradingview</a>
<h2>MATIC Technical Analysis </h2>
MATIC coin price action shows lower price rejection from the support trendline and challenges the $1.80 supply zone with the new bullish engulfing candlestick. Hence, traders can find a bullish breakout entry opportunity briefly. 

The crucial daily EMAs (50, 100, and 200-days) showcase a deteriorating bullish alignment, but the recovery rally teases a golden crossover. Moreover, the EMAs maintain a flat sideways trend to support the falling prices. 

RSI Indicator: The RSI slope shows a chaotic movement in the nearly overbought zone but sustained above the 14-day SMA. Furthermore, the upend continues after sabotaging a bearish divergence.

MACD Indicator: The MACD and signal lines maintain an uptrend despite a slight disruption noticed in the fast line. Nonetheless, the indicator supports the bullish signal and reflects an uptrend in action.

In a nutshell, the MATIC technical analysis maintains an overall bullish bias and teases the $0.30 breakout.
<h2>Upcoming Trend </h2>
The MATIC/USD daily chart projects the recent bullish recovery undermining the higher price rejection from $1.80 previously this week. Moreover, with the increasing breakout possibility, traders can expect a bullish rally above the $2 mark.

Support Levels: $1.65 and $1.50

Resistance Levels: $1.80 and $2

MATIC Technical Analysis: Can Triangle Breakout Rally Surpass $2?

MATIC coin price action shows a bullish trend in the ascending triangle pattern indicating a potential triangle breakout rally surpassing the $2 mark.

Vikram is a technical analyst with several years of experience in the crypto market &amp; Indian Equity and F&amp;O Segment. He loves to learn anything and everything related to finance. He possesses strong technical and analytical skills, which he leverages to acquaint our audience with upcoming price trends for different coins.

MATIC Technical Analysis: Can Triangle Breakout Rally Surpass $2?

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