MATIC - Analysis



10/3/20220 min read

As long as the daily candle does not close below the $0.70 range, the range trend can continue. Because positive divergence has been identified by the RSI indicator in the daily time frame. But it should be noted that the market is generally in a downward trend, and if we have a sharp fall in the market, the price reduction can continue to the range of 0.53 to 0.50 dollars. On the support range, we can consider a converging ascending channel. As long as the floor of the ascending channel is not broken, there is a possibility of retesting the resistance range of the ceiling of the descending channel at the price of $0.81-$0.83.