Polygon’s (MATIC) Recovery Encountered Resistance, Future Move Depends on Market Sentiment

As of the time of writing, the recovery of Polygon (MATIC) has been somewhat hindered by bears. After a notable jump when Polygon dropped to $0.5089 on June 10, the recovery met resistance at $0.6894, which had been a support in the third quarter of 2022. What Will Matic Price Be Although Bitcoin (BTC) reclaimed $30,000 at the time of writing, it remained to be seen whether MATIC bulls could shatter the $0.6894 resistance and exceed the lower high of $0.7893 amid the improving market sentiment in broader crypto markets. The 4-hour chart’s RSI and OBV recorded sharp increases, indicating growing buying pressure and demand for MATIC. Therefore, if BTC maintains the $30,000 region, it may likely rise above the $0.6894 resistance. However, the 4-hour market structure can only turn bullish if MATIC passes beyond the low high level of $0.7893. This level also aligns with a trendline resistance (white) […] The post Polygon’s (MATIC) Recovery Encountered Resistance, Future Move Depends on Market Sentiment appeared first on COINTURK NEWS.