Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion. MATIC buyers ultimately gathered enough thrust to propel a bullish flip on the EMA ribbons over the last week. After witnessing a solid buying spree, the alt floated above the 38.2% Fibonacci level. Bulls […]
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.
Bulls breached the previous Fibonacci levels after the ascending triangle breakout. A sustained bullish effort could aid the bulls in inflicting a retest of the 50% Fibonacci level in the coming sessions. At press time, MATIC was trading at $0.8448, down by 4.45% in the last 24 hours.The altcoin witnessed an expected mid-June reversal from the 23.6% Fibonacci resistance and lost over 50% of its value from 10-18 June.
The fall from the 50% level could see rebounding opportunities in the $0.77-$0.73 range. In this case, the bullish resurgence could push the alt to retest the $0.9-zone before a trend committal move.
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