Matic is well within an uptrend! LETS GOOOO!
BINANCE:MATICUSDT
Polygon surged above the overhead resistance of $0.73 on July 10, completing a bullish ascending triangle pattern.
While the bulls have managed to keep the price above the breakout level, they are facing strong resistance from the bears at higher levels. If the bulls can sustain the price above $0.72, the MATIC/USDT pair may embark on a new uptrend targeting the pattern's objective of $0.94.
Conversely, a drop below $0.72 could trap some aggressive bulls and lead to a decline towards the uptrend line, a crucial level to monitor. If this support level is breached, the pair could initiate a downward move towards $0.60.
Polygon surged above the overhead resistance of $0.73 on July 10, completing a bullish ascending triangle pattern.
While the bulls have managed to keep the price above the breakout level, they are facing strong resistance from the bears at higher levels. If the bulls can sustain the price above $0.72, the MATIC/USDT pair may embark on a new uptrend targeting the pattern's objective of $0.94.
Conversely, a drop below $0.72 could trap some aggressive bulls and lead to a decline towards the uptrend line, a crucial level to monitor. If this support level is breached, the pair could initiate a downward move towards $0.60.
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