The next resistance is considered in the range of 1.40 to 1.70!



11/6/20221 min read

MATIC had good price growth during the last week. The price of this currency, as it was in the short-term ascending channel, reached higher targets by breaking the resistance of the $1 range, with more support from buyers and a sharp increase in trading volume, which was the highest price recorded for MATIC in the last five months. The price is $1.15, and a strong reaction has been observed in this area. The price could enter a corrective wave, and the support in the $1-$1.07 range for MATIC could be a reasonable reaction area, at least for the first touch.

Considering that an important resistance has been broken in the weekly time frame if the weekly candle closes above the $1.075 range. If the short-term upward trend of Bitcoin continues, we can expect the continuation of Matic price growth after the price correction. Let's have the following weeks. For this purpose, the next resistance is considered in the range of 1.40 to 1.70 dollars, and the impact of the price in this area can have a heavy reaction. This resistance zone is related to the weekly interval, and the confirmation of its reaction is checked in this interval.

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