MATIC cryptocurrency has long resisted the downward trend. Some cryptocurrencies have been declining since May 2021, others began their decline in November 2021. MATIC cryptocurrency updated its historical high in November 2021, and the decline began in January 2022. Unfortunately, this fact did not allow buyers to keep local lows from May 2021. In April 2021, the MATIC price fall was quite aggressive. In June, sellers pushed the price below $0.57. To do this, sellers needed to break the candle from 9 May and put three more weeks of exhausting pressure on the price. Source: https://www.tradingview.com/x/0ExUzKua/ Thus, the MATIC price fell to the range of $0.35, where buyers were once gaining ground for a new growth wave. Given the uncorrected fall in the MATIC price from April 2022 and the availability of the liquidity level, we expect the beginning of the formation of a price rebound. To implement a positive scenario and increase the price to $1.75, buyers must take control of the mark of $0.57. If local growth ends near $0.57, the MATIC market will expect a new fall wave with the first target of $0.22. MATIC Technical Analysis On The Daily Timeframe Analyzing the movement of MATIC prices on the daily timeframe, we can identify two opportunities for investment. Buyers are now forming a local price rebound that could end near the local $0.44 mark. If the MATIC price starts to slow down near this mark, we should expect a new f...
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