Polygon MATIC Crypto Price Analysis April 5, 2023
BINANCE:MATICUSDT
After Polygon consolidated near the 20-day EMA ($1.11), it broke out on April 4, but the bulls are struggling to maintain their advantage. If the bears pull the price below the 20-day EMA, the MATIC/USDT pair could drop to $1.05 and the 200-day SMA ($0.98). However, if the price rebounds from the 20-day EMA, it will indicate that the bulls are attempting to make this level a support. If the bulls break through the minor resistance at $1.17, the MATIC/USDT pair could rise to $1.25 and $1.30.
After Polygon consolidated near the 20-day EMA ($1.11), it broke out on April 4, but the bulls are struggling to maintain their advantage. If the bears pull the price below the 20-day EMA, the MATIC/USDT pair could drop to $1.05 and the 200-day SMA ($0.98). However, if the price rebounds from the 20-day EMA, it will indicate that the bulls are attempting to make this level a support. If the bulls break through the minor resistance at $1.17, the MATIC/USDT pair could rise to $1.25 and $1.30.
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