COINTURK NEWSCOINTURK NEWSCOINTURK NEWS
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Search
© 2024 COINTURK NEWS. All Rights Reserved.
Reading: Polygon (MATIC) Price Analysis: Technical Outlook and Key Levels
Share
Languages
  • TürkçeTürkçe
  • EspañolEspañol
Font ResizerAa
COINTURK NEWSCOINTURK NEWS
Font ResizerAa
Search
  • Real-Time News Feed
  • Bitcoin
  • Altcoin
  • Ethereum
  • Technology News
  • Advertise
  • Contact
  • TURTURTUR
  • ESESES
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
COINTURK NEWS > Polygon (MATIC) > Polygon (MATIC) Price Analysis: Technical Outlook and Key Levels
Polygon (MATIC)

Polygon (MATIC) Price Analysis: Technical Outlook and Key Levels

In Brief

  • Blockchain projects like Solana and Avax gained traction, while Polygon (MATIC) remained quiet.

  • Four-hour MATIC chart shows a rectangle formation, indicating consistent trading in the same region.

  • Weekly MATIC chart reveals a triangle pattern, with price movements dependent on support or resistance breaks.

COINTURK NEWS
COINTURK NEWS 1 year ago
Share
SHARE

The cryptocurrency market has seen a rise similar to the one in 2021, with blockchain projects coming to the forefront. In particular, the momentum in the prices of Solana and Avax has been notable as users prefer these ecosystems. However, during this period, Polygon continues to maintain its silence, which is leading to selling pressure. So, what is happening on the MATIC front in the coming period? Let’s examine together.

Contents
Polygon Four-Hour Chart AnalysisPolygon Weekly Chart Analysis

Polygon Four-Hour Chart Analysis

The four-hour MATIC chart highlights a rectangle formation. This chart structure indicates that the crypto asset has been trading in the same area for a long period. MATIC has broken the support line three times in 2024, and these price movements have acted as a bear trap. However, MATIC faced significant selling pressure below the EMA 200 level (red line).

The most important support levels to watch on the four-hour MATIC chart are; 0.7743 / 0.7552 and 0.7366 dollars, respectively. Particularly, a four-hour bar closing below the 0.7743 dollar level, which intersects with the formation support line, will cause MATIC price to encounter selling pressure.

The most important resistance levels to follow on the four-hour MATIC chart are; 0.7969 / 0.8131 and 0.8380 dollars, respectively. Especially, a four-hour bar closing above the 0.7969 dollar level, which intersects with the EMA 21 level (blue line), will help MATIC price gain momentum.

Polygon Weekly Chart Analysis

The weekly MATIC chart shows a triangle pattern formation. In this formation, a break of support or resistance will determine the direction. The fact that the last bar formation closed below the EMA 200 level on the weekly chart could create selling pressure for MATIC.

The most important support levels to monitor on the weekly MATIC chart are; 0.7387 / 0.6519 and 0.5915 dollars, respectively. Particularly, a weekly bar closing below the 0.7387 dollar level, which plays a significant role in the last bar formations, will lead to selling pressure on the MATIC price.

The most important resistance levels to consider on the MATIC chart are; 0.8667 / 0.9485 and 1.0674 dollars, respectively. Especially, a weekly bar closing above the 0.9485 dollar level, which intersects with the formation resistance line, will help MATIC price gain momentum.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

You Might Also Like

Polygon Launches AggLayer v0.2 Testnet to Enhance Blockchain Interactions

Polygon Community Votes on Liquidity Proposal to Fund Ecosystem Growth

AggLayer Summit Engages Blockchain Leaders in Bangkok

Polygon and Magic Labs Create a New Cross-Chain Network

Polygon Maintains Strong Performance Despite POL Token Price Drop

COINTURK NEWS 19 January, 2024 - 8:14 pm 19 January, 2024 - 8:14 pm
Share This Article
Facebook Twitter
Share
Previous Article Expert Analyst Predicts Coinbase’s 70% Chance of Winning Against SEC
Next Article Significant Development in the Crypto World: SEC vs. Binance Case Postponed
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

8.1k Like
21.1k Follow
1.1k Follow

Latest News

U.S. and China Slash Tariffs to Reignite Global Risk Appetite
Ethereum (ETH)
MOODENG Coin Skyrockets as It Grabs Attention in the Crypto World
Altcoin News
Curve Finance Battles Back After Being Targeted by DNS Phishing Attack
Altcoin News
Pi Coin Faces Dramatic Price Swing with Market Moves
Altcoin News
//

COINTURK was launched in March 2014 by a group of technology enthusiasts who believe that Bitcoin will be as important as the internet in the world of the future thanks to the amazing technology underlying it.

CRYPTOCURRENCY LIVE PRICES

  • Bitcoin (BTC) Live Price
  • Ethereum (ETH) Live Price
  • Ripple (XRP) Live Price
  • Solana (SOL) Live Price
  • Dogecoin (DOGE) Live Price
  • Cardano (ADA) Live Price
  • Chainlink (LINK) Live Price

OUR PARTNERS

  • COINMARKETCAP
  • COINGECKO
  • BITCOINHABER
  • BH NEWS
  • 21MILYON
  • NEWSLINKER

OUR COMPANY

  • About Us
  • Cookie Policy
  • Advertising
  • Contact
COINTURK NEWSCOINTURK NEWS
Follow US
© 2025 BLOCKCHAIN Information Technologies. >> COINTURK NEWS
Powered by LK SOFTWARE
Welcome Back!

Sign in to your account

Lost your password?