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Technical Indicators Show Bulls’ Hold is Tightening in the MATIC Market

Published 26/12/2022, 08:39
Technical Indicators Show Bulls’ Hold is Tightening in the MATIC Market

  • Recent data reveals that the Polygon market is dominated by bulls.
  • Bulls must apply pressure in order to render indicator forecasts invalid.
  • MATIC’s price confronts resistance at $0.8037 during the uptrend.

Today, bullish control has dominated the Polygon (MATIC) market, adding to the day’s strong trend as the holiday spirit takes hold. On the MATIC price chart, just a handful of negative spikes were visible, and they were enough to push prices down to $0.7876, where they eventually found support. However, at the time of writing, bulls had successfully taken power, driving MATIC’s price up to $0.8012.

By maintaining such commanding heights, MATIC had its market cap increase by 0.71%, to $6,997,620,802, and its 24-hour trading volume surge by 36.99%, to $129,231,526.

The post Technical Indicators Show Bulls’ Hold is Tightening in the MATIC Market appeared first on Coin Edition.

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