MATICUSD(4Hr): MATIC sees a new low after 2 months
Market in the last 24hrs
MATICUSD saw a continuous downward trend with prices moving from middle to bottom Bollinger band. Trading volume has been high in the last 24 hours. We can see the volume increasing with a decrease in price suggesting the setting of the bearish trend.
Today’s Trend analysis
MATICUSD is expected to continue the current bearish trend for the next 24 hours. We can expect to see some consolidation once the price accepts the bottom Bollinger band as a support line.
Price volatility was high at approximately 9.01%, with the day's range between $0.858 — $0.959.
Price at the time of publishing: $0.862
MATIC’s market cap: $5.49 Billion
However, the Indicator summary is giving a 'SELL' signal on MATICUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
MATICUSD saw a continuous downward trend with prices moving from middle to bottom Bollinger band. Trading volume has been high in the last 24 hours. We can see the volume increasing with a decrease in price suggesting the setting of the bearish trend.
Today’s Trend analysis
MATICUSD is expected to continue the current bearish trend for the next 24 hours. We can expect to see some consolidation once the price accepts the bottom Bollinger band as a support line.
Price volatility was high at approximately 9.01%, with the day's range between $0.858 — $0.959.
Price at the time of publishing: $0.862
MATIC’s market cap: $5.49 Billion
However, the Indicator summary is giving a 'SELL' signal on MATICUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 9 are neutral and 1 is giving a BUY signal.
Out of 15 Moving average indicators, 14 are giving SELL signal, 1 is giving neutral and 0 are giving a BUY signal.
Trading volume has been low in the last 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
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Any feedback and suggestions would help in further improving the analysis!
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