Mixed Signals and Trading Strategies for Polygon (MATIC) Price in 2021

Friday, 24 May 2024, 14:30
Discover the mixed signals shaping Polygon (MATIC) price prediction in 2021. While accumulation indicators are bullish, whale selling suggests caution. Expect sideways movement around $0.70 in the short term, but breaking above $0.75 is crucial for bullish momentum. Explore potential trading strategies amid the market uncertainty.
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Mixed Signals and Trading Strategies for Polygon (MATIC) Price in 2021

Polygon Whales Are Skeptical

The MATIC holders are sending mixed signals regarding the direction of MATIC price. Chaikin Oscillator indicates heavy accumulation, but whale selling is offsetting gains.

MATIC Price Prediction: Close to $0.70 Is the Future

The current consolidation period around $0.70 may persist with potential breakouts. Further decline to $0.64 could hinder bullish momentum, while dropping below would push price to $0.60.

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