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Mastering Crypto

07/18 15:02

Polygon price analysis

Usually, the price turns down and retests the breakout from a pattern, and Polygon is doing just that. The price could drop to $0.72.

If the price rebounds off $0.72 with strength, it will suggest buying at lower levels. The bulls will then try to push the price above the overhead resistance of $0.90. If they do that, the MATIC/USDT pair could start the next leg of the up move. The first stop could be the psychological resistance of $1 and subsequently $1.20.

This positive view will be invalidated if the price continues lower and plummets below the uptrend line. The pair could then slump to $0.60.1689692547092.png

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