Polygon lays the groundwork for a quick 20% increase. Polygon Price Prediction 2022 to perform a 180. After piercing a bearish breaker extending from $1.75 to $2.15, the MATIC price fell 40%. The resulting correction shattered the $1.44 daily support level. However, this downturn also served as a liquidity run below the January 24 swing low of $1.30, signalling the start of a bullish move.
Let’s dig into the Polygon’s Technical Movement.
Polygon Price Prediction 2022
The second indicator is the recent uptick, which pushed MATIC price past the $1.44 resistance level and into the support zone. As a result, investors can expect Polygon to continue its ascent for another 20%, with the lower limit of the breaker set at $1.75.
In a highly bullish scenario, MATIC price could break through the breaker and head for the weekly resistance level of $1.94. This move would represent a 33% gain and is most likely where the short-term uptrend will make a local top.
While everything appears to be in place for a reversal, the MATIC price must remain above the $1.44 support level. When this barrier is breached, it reveals that the bulls are unwilling or unable to follow through.
In this case, a four-hour candlestick close below $1.30 will result in a lower low, invalidating the bullish thesis. This move may be critical in triggering a further decline to the $1.22 support level.[wpdiscuz-feedback id=”muzh6ywfel” question=”Please leave a feedback on this” opened=”0″][/wpdiscuz-feedback]
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