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Technical Indicators Point to Impending Correction in the MATIC Market

Published 12/20/2022, 07:36 AM
Updated 12/20/2022, 08:00 AM
© Reuters.  Technical Indicators Point to Impending Correction in the MATIC Market

  • According to recent pricing analysis, the bear’s supremacy in MATIC has been threatened.
  • Prices may tend to rise higher if MATIC prices break out over the $0.8042 resistance level.
  • Technical indicators suggest that the bulls may grab power in the near future.

Even though the Polygon (MATIC) market started the day with strong momentum, it has had a tough 24 hours. This bullish domain attempted to raise prices before retreating when it hit resistance at $0.8047. Bears have taken control of the market as of press time, with prices falling by 0.46% to $0.7972.

This move in the MATIC market was reflected in a 0.15% drop in market capitalization and an 81.64% increase in 24-hour trading volume to $6,979,320,570 and $393,658,479, respectively.

The post Technical Indicators Point to Impending Correction in the MATIC Market appeared first on Coin Edition.

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