- The landfills are faced with strong resistance, since Matic is trying to break its descending trend line, despite 4.55% weekly growth.
- Consistent hints of TD when changing, sewing a red amount “9”, signaling the possible depletion of the trend and short -term rebound.
- A breakthrough or splitting is loosened, with $ 0.30 they act as a key support – holding can be recovery, while a failure can lead to a decrease.
According to the crypto -analyst Ali, Polygon (Matic) is traded within the framework of a descending triangle, signaling the critical moment of its price action. The consistent TD indicator sequentially missed the purchase signal in the weekly diagram, which indicates a potential rebound. The price has recently touched the key support zone of about 0.30 US dollars, and then recovered to $ 0.31823, which amounted to 4.55% weekly profit.
The price of the landfill is fighting for resistance
The market trend remains bear with maximum maximum maximums since its peak in 2021. The descending line of the trend acts as severe resistance, sequentially rejecting the ascending movements. Despite numerous attempts, the price could not break above this level.
In addition, the levels of historical resistance marked with dotted black lines are distinguished are the areas where the price has previously fought. These levels will play a decisive role in determining the next step of Matic. Nevertheless, a recent interaction with support suggests that the market may approach the key moment.
Source: Ali
Conservative signals TD
It is noteworthy that the consistent TD indicator presented the red account “9”, a signal often associated with the depletion of the trend. Historically, similar events led to both changes and continuations, depending on wider market conditions. The latest price action implies a possible short -term rebound to resistance.
Moreover, the gap over the line of the descending trend may indicate a pulse shift. If this happens, Matic may try to recover more. Nevertheless, the inability to maintain above the current zone of support can lead to a further movement of the lack. Breaking below $ 0.30 can lead to a reduction in price.
In addition, the structure reveals the predicted path, hinting at the upcoming resistance test. Investors will carefully monitor whether Matic can support his recent step up. Bear the trend remains untouched, but the indicators suggest a possible shift in market moods. Ali_Charts emphasizes that the next step Matic depends on his ability to hold the above support. The scheme of the descending triangle remains a critical factor in determining its price action.
