bullish

Value

Resistance

Polygon

Coin

<ul class="wp-block-list news-points"> 
 <li>MATIC shows strong bullish momentum with rising trading volume and market interest.</li> 
 <li>Resistance levels at $0.54 and $0.55 are key, with potential selling pressure ahead.</li> 
 <li>Total Value Locked in Polygon’s network is high, signaling robust asset support.</li> 
</ul> 
<a href="https://coinedition.com/matic-to-pol-polygons-bold-move-for-a-new-ecosystem/?utm_source=telegram_channel&amp;utm_medium=referral">Polygon</a> (MATIC) is currently experiencing a notable bullish momentum. Over the past 24 hours, MATIC’s price has surged by 12.44%, reaching <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="nofollow">$0.5309.</a> This substantial increase reflects a broader positive trend in the market for Polygon. Let us look at the recent price action, trading volume, support and resistance levels, and other key market metrics. 
MATIC’s price has been steadily climbing. The cryptocurrency has gone from about $0.4744 to $0.5309 in a single day. This sharp rise is backed by a dramatic 121.36% increase in trading volume, showing growing investor interest in Polygon. 
<figure class="wp-block-image size-full">
 <img decoding="async" width="512" height="226" src="https://coinedition.com/wp-content/uploads/2024/08/unnamed-5.png" alt="" class="wp-image-470854" srcset="https://coinedition.com/wp-content/uploads/2024/08/unnamed-5.png 512w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-300x132.png 300w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-380x168.png 380w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-159x70.png 159w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-440x194.png 440w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-414x183.png 414w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-326x144.png 326w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-377x166.png 377w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-123x54.png 123w, https://coinedition.com/wp-content/uploads/2024/08/unnamed-5-129x57.png 129w" sizes="(max-width: 512px) 100vw, 512px">
 <figcaption class="wp-element-caption">
 Source: <a href="https://coinmarketcap.com/currencies/polygon/" target="_blank" rel="nofollow">Coinmarketcap</a>
 </figcaption>
</figure> 
Support and resistance levels play a crucial role in understanding MATIC’s price dynamics. The $0.4744 level has emerged as a critical support point. This level marks the origin of the recent price increase and could act as a potential buying zone if the price retraces.&nbsp; 
Additionally, the $0.50 level, …
The post <a href="https://coinedition.com/matic-price-soars-12-44-as-bulls-eye-0-54-resistance-but-can-it-hold/">MATIC Price Soars 12.44% as Bulls Eye $0.54 Resistance—But Can It Hold?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

MATIC Price Soars 12.44% as Bulls Eye $0.54 Resistance—But Can It Hold?

Coin Edition

Other articles published on Aug 22, 2024

A History of Crypto Airdrops

Vitalik Buterin Defends Ethereum Amid Market Concerns

Fed Member Collins Discusses Interest Rate Cuts

Binance Labs New Investment: What is MyShell?

What is Telegram Native DOGS Memecoin?

Bitcoin Withstands Volatility and Sinks Altcoins!

Join our free newsletter for daily crypto updates!