- MATIC price finds support at $0.6887 amid bearish pressure.
- Rising trading volume indicates increased interest in MATIC and heightened volatility.
- The widening Bollinger bands suggest potential upward price movement.
Polygon (MATIC) bears have outnumbered bulls in the previous 24 hours, with bullish attempts to recoup failed after falling short of the $0.7129 resistance. As a result, MATIC’s price fell to a 24-hour low of $0.6887, where it found some support.
The MATIC price currently trades at $0.7012, indicating a slight rebound from the 24-hour low. If bulls break over the $0.7129 barrier, it might suggest a trend reversal and a shift in sentiment toward the bulls. However, if bears continue to maintain pressure and thwart a breakout, the price may fall lower near crucial support levels.
MATIC’s market capitalization fell by 1.50% to $6,538,892,166, while its 24-hour trading volume increased by 21.81% to $237,828,251. This rise in trading volume indicates more activity and interest in MATIC. Many buyers and sellers may be in the market, leading to heightened volatility and price fluctuation.
MATIC/USD 24-hour price chart (source: CoinMarketCap)
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The post Bulls and Bears Clash: MATIC Price Signals Trend Reversal appeared first on Coin Edition.
The post Bulls and Bears Clash: MATIC Price Signals Trend Reversal appeared first on Coin Edition.