Polygon Price Holds Amidst Bloody Day, Can Price Hold Above $0.60?

newsbtcОпубликовано 2022-08-27Обновлено 2022-08-27

Введение

The price of Polygon (MATIC) has shown great strength in the past few weeks against Tether as it maintained its bullish sentiment.

The price of Polygon (MATIC) has shown great strength in the past few weeks against Tether as it maintained its bullish sentiment. Despite the retracement across the crypto market, Polygon has shown great strength holding above $0.75 compared to other crypto assets that have lost their key support.

Polygon (MATIC) Price Analysis On The Weekly Chart

From the chart, the price of MATIC saw its weekly low at $0.75; the price of MATIC bounced from that region to a price of $1 on the weekly chart as the price is unable to show much strength to trend higher after being rejected.

MATIC’s weekly candle closed with a bearish sentiment, with the new week’s candle looking more bearish.

The price has continued to show little or no traction; If the price of MATIC on the weekly chart maintains this structure, it could retest its low of $0.6 as the support region on the weekly chart.

For the price of MATIC to trend higher, it needs to hold above the resistance at $0.6 to enable the price to trend higher.

Weekly resistance for the price of MATIC – $1.

Weekly support for the price of MATIC – $0.6.

Price Analysis Of MATIC On The Daily (1D) Chart

The price of MATIC has found itself ranging in a channel after being rejected from the $1 mark despite showing bullish strength in weeks, rallying from $0.3 to the $1 mark.

MATIC has found its price between $0.75 acting as support and $1 acting as the resistance for the price of MATIC. The price of MATIC needs to reclaim the region of $0.8 for the price to have the chance of trending higher.

If the price of MATIC fails to reclaim $0.8, the support at $0.75 and $0.6 would be a good region for bulls to build more strength and hold the price sell-off.

MATIC is currently trading at $0.77, just below the 50 and 200 Exponential Moving Average (EMA), which corresponds to prices of $0.82 and $1, acting as resistances for MATIC price.

MATIC is holding up well despite the retracement; if the price holds above $0.6-$0.77 price could have a good chance to trend higher.

On the daily chart, the Relative Strength Index (RSI) for the price of MATIC is at 40, indicating sell orders.

Daily (1D) resistance for MATIC price – $0.82-$1.

Daily (1D) support for MATIC price – $0.75-$0.6.

Price Analysis Of MATIC On The Four-Hourly (4H) Chart

The price of MATIC has shown great strength holding up after the rejection from $0.82, acting as resistance. MATIC price is trading just below the 50 and 200 EMA price, corresponding to $0.85, acting as resistance to the MATIC price.

Polygon price needs to break and hold above the 50 and 200 EMA to assume its bullish sentiment; if MATIC fails to break and hold above, we could see the price retesting its support levels at $0.75-$0.6.

Four-Hourly (4H) resistance for MATIC price – $0.82.

Four-Hourly (4H) support for MATIC price – $0.75-$0.6

Похожее

XRP, Bitcoin, And Everything In Between: Pundit Predicts What’s To Come

A crypto analyst (@Bird_XRPL) has outlined a bold market timeline from April 2026 through the end of the year, predicting significant momentum for XRP and Bitcoin. Key early catalysts include the launch of a digital payments platform around April 20 and a potential link between Solana and the XRP Ledger to boost liquidity. Strength in traditional equity markets, influence from figures like Elon Musk, and a revival in retail trading interest are also seen as supportive factors. The outlook anticipates a steady price rise into mid-year, building toward the 2026 FIFA World Cup. The global event, potentially featuring promotions by Cristiano Ronaldo, could introduce crypto to a massive new demographic and drive Bitcoin to a new all-time high. Following a period of attention and a subsequent consolidation phase, a strong Q4 finish is expected. The forecast highlights XRP, projecting a rise toward $27 or higher, fueled by combined market strength, increased participation, and global hype.

bitcoinist14 мин. назад

XRP, Bitcoin, And Everything In Between: Pundit Predicts What’s To Come

bitcoinist14 мин. назад

The Real Battlefield of AI Lies in the 'Dark Forest'

The article "AI's Real Battlefield is in the 'Dark Forest'" discusses the shifting dynamics in the global AI landscape, contrasting the strategic directions of Chinese and U.S. AI developers. Chinese companies like Alibaba (with its "HappyHorse" video model), ByteDance (Seedance 2.0), and Kuaishou (Kling 3.0) have taken the lead in text-to-video generation, surpassing OpenAI’s now-discontinued Sora. These models are deeply integrated into their parent companies’ content ecosystems (e.g., Douyin, Kuaishou), serving to reduce content creation costs and enhance user engagement rather than operating as standalone profit centers. In contrast, U.S. firms are pivoting toward high-stakes enterprise and security applications. Anthropic’s Claude Mythos model demonstrates advanced capabilities in autonomously discovering and exploiting software vulnerabilities, prompting concern at the highest levels of U.S. financial and governmental institutions. OpenAI responded with its own GPT-5.4-Cyber, signaling a strategic shift from consumer-facing products to enterprise-grade tools focused on cybersecurity and programming. The divergence is attributed to fundamental differences in resources and market structures. U.S. companies, backed by vast computational resources (e.g., Amazon and Google supply Anthropic with substantial funding and TPU access), can pursue deep, specialized R&D in high-value B2B sectors. Chinese firms, facing significant compute power constraints and a less mature enterprise SaaS market, have found success by leveraging their massive consumer platforms and optimizing for cost-efficiency. The article warns that the AI race is entering a "dark forest" phase—a reference to competitive dynamics where cybersecurity capabilities could determine digital sovereignty. While Chinese models like Zhipu AI’s GLM-5.1 show promise in narrowing the gap in coding proficiency, the author stresses that achieving parity in security-critical AI will require asymmetric strategies, including greater investment in coding models, adaptation to domestic hardware, and exploring international markets in the Global South.

marsbit23 мин. назад

The Real Battlefield of AI Lies in the 'Dark Forest'

marsbit23 мин. назад

XRP Gains Momentum As Buyers Return, But Here’s What The Sharpe Ratio Is Saying

XRP is showing signs of renewed bullish momentum as buyers return, approaching the $1.50 mark. However, the Sharpe Ratio, a key risk-adjusted performance metric, remains in negative territory, indicating underlying market inefficiency and a lack of efficient expansion. Crypto expert Teddy notes that while the overheated phase has passed, the ratio's negative reading suggests the market is still in a recovery phase from earlier losses. Momentum indicators show compression, with analysts predicting a potential aggressive move towards the 6.127% level if bullish momentum continues. A break above could open upward space of up to 12%, though it remains unclear whether this will be a sustained expansion or a retracement.

bitcoinist1 ч. назад

XRP Gains Momentum As Buyers Return, But Here’s What The Sharpe Ratio Is Saying

bitcoinist1 ч. назад

Fortune Investigation: Copying Strategy's Homework Fails, Fund Suffers Huge Losses and Liquidation, Fiancée Dies Mysteriously in Africa

In a dramatic turn of events, Joe McCann, founder of the crypto fund Asymmetric, faces both financial collapse and personal tragedy. After raising funds from prominent investors like Marc Andreessen, Asymmetric's liquidity fund nearly doubled in value during the 2024 crypto market surge. However, by July 2025, the fund suffered massive losses of nearly 80%, leading to investor redemptions and eventual liquidation. McCann attempted to pivot the fund’s strategy to emulate Michael Saylor’s "digital asset treasury" model but failed. Amid this financial turmoil, McCann’s personal life unraveled. His fiancée, influencer Ashly Robinson, died under suspicious circumstances during a vacation in Tanzania in April 2025. Initially ruled a suicide, her death is under investigation, with McCann’s passport seized by local authorities. Robinson’s family has called the events "suspicious." McCann, who had built a flashy personal brand around crypto success and cultural influence, now faces a crisis extending far beyond financial losses, encapsulating the high-risk, "asymmetric" nature of both his investments and his life.

marsbit2 ч. назад

Fortune Investigation: Copying Strategy's Homework Fails, Fund Suffers Huge Losses and Liquidation, Fiancée Dies Mysteriously in Africa

marsbit2 ч. назад

Crypto And Financial Industry Giants Reveal What X Money Launch Means

Crypto and financial industry leaders, including Senator Elizabeth Warren, express significant concerns over Elon Musk's proposed X Money platform. In a letter to Musk, Warren warned that its April launch threatens consumer protection, financial stability, and national security. Key concerns include a potential partnership with a bank previously subject to FDIC enforcement, unclear plans for generating high-yield returns, and X's poor record on content moderation, data privacy, and fraud. Warren also highlighted a potential regulatory loophole allowing X to issue a stablecoin with less oversight. Separately, a crypto pundit noted X's integrated financial stack, including live features like Smart Cashtags and brokerage routing, poses a major threat to fintech competitors due to its vast user base.

bitcoinist2 ч. назад

Crypto And Financial Industry Giants Reveal What X Money Launch Means

bitcoinist2 ч. назад

Торговля

Спот

Фьючерсы