Ethereum
$ 1,060.64 1.91%
Solana
$ 32.91 1.77%
Dogecoin
$ 0.065751 2.25%
ApeCoin
$ 4.56 2.91%
Bitcoin
$ 19,055.33 0.61%
BNB
$ 217.35 0.40%

MATIC Price Analysis: MATIC moving sideways, what’s next?

MATIC price analysis

TL;DR Breakdown

  • MATIC price analysis is slightly bullish with a price rise of 3.02%. 
  • The price swings between $1.27 low and $1.34 high in 24 hours.

MATIC price analysis is slightly bullish with a floating attitude of the price in the last 24 hours. After a massive price surge that gave the coin bullish momentum on October 1, today’s green candle is not a big one. MATIC will keep an eye on the next important resistance at around $1.4 while continuing its upward motion. 

The stagnant behavior by the coin is mainly contributed by Bitcoin’s (BTC) price movement. BTC is up by 0.8%, which is actually a healthy relaxing mode after the last two days’ rally when its price floated around $47,600 to $48,100.

The biggest gainer of the day is Tezos (XTZ), up by more than 15%.

On Friday, Polygon announced that it is partnering with Altered State Machine to offer a platform for users to own and operate Artificial Intelligence (A.I.) technology through NFTs.

The news can act as a catalyst in addition to the bull mode of the market to motivate the price to aim for the next resistance.

MATIC Price Analysis: MATIC/USDT pair behavior in last 24-hours

MATIC price analysis shows a potential bullish scenario for the end of the day as there is a huge surge in the trading volume, which is up by 23.65% at $958 million. The market cap rose by 6.32%, at $8.9 billion, which is growing every second. The coin’s dominance has increased by 0.42% bringing it to 20th position in terms of market rank.

The bulls are not letting bears acquire the market as even after a slow day, there has been no downward scenario overall. The RSI is at around 63 levels which also can push the market for upward motion.

MATIC/USDT 4-hour price chart: A little rest is possible

The MATIC/USDT pair has the nearest resistance at $1.4, which the coin is aiming for, but after the last 5-days upward rally, we might see a little downward movement on a 4-hourly basis.

We can see the trading volume continuously rising to provide a bullish momentum to the coin.

MATIC price analysis: Conclusion

MATIC has not stopped its upward motion from the last five days, and we cannot deny that this might be the indication of the arrival of a huge bull. The beautiful green candles have moved the price from $1.04 to $1.35, gaining more than 28%. October may have brought the bulls, as speculated by many market experts.

If you want to know more about MATIC and its long-term price predictions, visit this link.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Mary Brenda

Mary Brenda

I'm a content marketer with interests in emerging niche including Blockchain, Cryptocurrency, Esports, Video games and other tech. I've previous worked with a variety of clients, such as ASUS ROG, BitcoinBink, ESL India, OMEN by HP, Red Bull and more.

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