MATIC price started a steady increase from the $0.720 support zone. Polygon buyers might now aim a push towards the key $1.00 resistance. MATIC price is gaining pace above the $0.80 level against the US dollar. The price is trading well above $0.800 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC/USD pair (data source from Kraken). The pair could continue to rise and might soon test the $1.00 resistance zone. Polygon Price Starts Fresh Increase After a major decline, polygon’s price found support near the $0.720 zone. MATIC price formed a base above the $0.720 level and started a steady increase. There was a clear move above the $0.755 and $0.788 resistance levels. The price climbed above the 50% Fib retracement level of the downward move from the $0.8602 swing high to $0.7147 low. There was also a break above a major bearish trend line with resistance at $0.810 on the 4-hours chart of the MATIC/USD pair. The price is now trading well above $0.800 and the 100 simple moving average (4-hours). It is also showing positive signs above the last swing high at $0.8602, just like bitcoin and ethereum. On the upside, an immediate resistance is near the $0.895 zone. The first major resistance is forming near the $0.950 zone. It is close to the 1.618 Fib extension level of the downward move from the $0.8602 swing high to $0.7147 lo...
