MATIC token, native crypto in the Polygon ecosystem, appears to be about to reach a very interesting technical level from an operational perspective.
MATIC/USD: technical analysis
The most interesting project of the moment is undoubtedly Polygon (MATIC), one of the most widely used networks by industry users and large technology players. The MATIC/USD cryptocurrency cross since July 2022 has been maintaining a sideways bullish trend overall despite the fact that the sector faced terrible declines last year. From a technical point of view, therefore, it presents a very interesting structure, especially if we take the 14-period RSI on a daily timeframe as our investment compass. In fact, since July 2022 every time the value of the indicator has reached the 40-point threshold the trend of the MATIC/USD crypto cross has reversed course returning to record new highs.
MATIC/USD: operational cue
According to some of our traders, it could therefore be interesting to monitor the trend of the MATIC token near the $1 numeral, a very sensitive technical level for cryptocurrency cross traders. Whales might in fact find interesting an increase in volumes that could occur near this level so as to be able to smoothly increase their positions in favor of MATIC.
MATIC/USD: technical analysis
The most interesting project of the moment is undoubtedly Polygon (MATIC), one of the most widely used networks by industry users and large technology players. The MATIC/USD cryptocurrency cross since July 2022 has been maintaining a sideways bullish trend overall despite the fact that the sector faced terrible declines last year. From a technical point of view, therefore, it presents a very interesting structure, especially if we take the 14-period RSI on a daily timeframe as our investment compass. In fact, since July 2022 every time the value of the indicator has reached the 40-point threshold the trend of the MATIC/USD crypto cross has reversed course returning to record new highs.
MATIC/USD: operational cue
According to some of our traders, it could therefore be interesting to monitor the trend of the MATIC token near the $1 numeral, a very sensitive technical level for cryptocurrency cross traders. Whales might in fact find interesting an increase in volumes that could occur near this level so as to be able to smoothly increase their positions in favor of MATIC.
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