MATIC: Is it a good time to buy? This breakout could be key answer

📆 7/16/2022 12:34 AM
📰 CryptoAmb

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC bulls finally gathered enough thurst to flip the three-month trendline resistance to support in the past two days. After witnessing a solid buying spree, the alt floated above the 20 EMA (red) and […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.

Bulls finally found a spot beyond the 23.6% Fibonacci level after a gradual month-long effort to push for higher prices. A sustained bullish push could aid buying efforts to retest the 38.2% level in the coming sessions. At press time, MATIC was trading at $0.707, up by 13.89% in the last 24 hours.The coin saw an expected mid-June reversal from the 23.6% Fibonacci resistance and lost over 50% of its value from 10-18 June.

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