Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the hreflang-tags-pro domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/wp-includes/functions.php on line 6121
[www-stage.newsbtc.com/news/matic/matic-price-displays-recovery-but-can-bulls-sustain-the-0-50-support/]
[wp-includes/functions.php:6121 trigger_error(), wp-includes/functions.php:6061 wp_trigger_error(), wp-includes/l10n.php:1371 _doing_it_wrong(), wp-includes/l10n.php:1409 _load_textdomain_just_in_time(), wp-includes/l10n.php:195 get_translations_for_domain(), wp-includes/l10n.php:307 translate(), wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php:24 __(), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php:45 include_once('wp-content/plugins/hreflang-tags-for-wordpress/includes/variables.php'), wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php:40 require_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro-main.php'), wp-settings.php:545 include_once('wp-content/plugins/hreflang-tags-for-wordpress/hreflang-tags-pro.php'), wp-config.php:53 require_once('wp-settings.php'), wp-load.php:50 require_once('wp-config.php'), wp-blog-header.php:13 require_once('wp-load.php'), index.php:17 require('wp-blog-header.php')]

MATIC Price Displays Recovery But Can Bulls Sustain The $0.50 Support?
NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Coinbase Confirms DOJ Investigation Following Major Security Incident

MATIC Price Displays Recovery But Can Bulls Sustain The $0.50 Support?

anushsamal
anushsamal
1 year ago
2 mins read
MATIC

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Over the past 24 hours, the Polygon (MATIC) price has shown attempts to reverse its downward movement. The altcoin has regained more than 4% of its value during this time. However, on the weekly chart, MATIC has experienced a decline of over 27%, causing it to breach important support levels.

The technical analysis of MATIC indicates a prevailing bearish sentiment in the market, with low levels of demand and accumulation. The volatility of Bitcoin has influenced the price action of altcoins, including MATIC, which have struggled to maintain support levels.

Related Reading

Cardano

Cardano Price Falls Below Key Support Levels, Will It Continue To Fall?

1 year ago

A significant return of buying strength is needed for MATIC to surpass immediate resistance. Additionally, the overall strength of the broader market, particularly Bitcoin, will impact MATIC and other altcoins. The decrease in market capitalization for MATIC indicates lower buying activity for the coin.

MATIC Price Analysis: One-Day Chart

MATIC
MATIC was priced at $0.64 on the one-day chart | Source: MATICUSD on TradingView

At the time of writing, the altcoin price was $0.64. The bulls have managed to defend the support level at $0.60 but sustained low demand could pose challenges for them to maintain it. The immediate resistance level is at $0.67; if surpassed, another resistance may be encountered at $0.73.

On the other hand, if the price falls from $0.64, the bears could gain control, causing the altcoin to trade below $0.60. Failure to stay above the $0.60 level in upcoming trading sessions could push MATIC below $0.50. The trading volume for the altcoin in the previous session has declined, indicating stronger selling pressure in the market.

Technical Analysis

MATIC
MATIC displayed oversold tendencies on the one-day chart | Source: MATICUSD on TradingView

Investor confidence in MATIC has waned since June following its rejection at the $0.76 level. The Relative Strength Index (RSI) indicates that the coin is currently oversold and undervalued, with the RSI falling below both the half-line and the 30-mark.

Moreover, the price has dipped below the 20-Simple Moving Average line, indicating low demand and the dominance of sellers in driving the price momentum.

To see a resurgence in demand, MATIC must trade above the $0.70 price. This level becomes crucial for the coin to attract buyers and potentially reverse the current bearish sentiment.

MATIC
MATIC displayed low capital outflows on the one-day chart | Source: MATICUSD on TradingView

Aligning with the bearish sentiments observed in other technical indicators, the Directional Movement Index (DMI) confirms the negative price direction of an altcoin. The -DI line (orange) was positioned above the +DI line (blue), indicating a prevailing downward trend.

Related Reading

Bitcoin Mining

Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever

1 year ago

Additionally, the Chaikin Money Flow (CMF), which tracks capital inflows and outflows, was below the half-line. This signifies that capital outflows outweighed inflows at the time, indicating a decrease in buying pressure.

Featured Image From UnSplash, Charts From TradingView.com
Tweet123Share196ShareSend
anushsamal
anushsamal

anushsamal

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

POL

Nearly All POL Holders At A Loss—What Does It Mean For The Market?

An estimated 93% of Polygon holders could face losses in their crypto investments after a large investor sold a large...

Alizeh Ilyas 4 months ago
MATIC Price (Polygon) Sets Stage for Rally

MATIC Price (Polygon) Sets Stage for Rally, $0.80 In Sight

MATIC price is showing positive signs from the $0.580 zone. Polygon is rising and might gain bullish momentum above the...

Aayush Jindal 6 months ago
Solana, crypto, SOL, Polygon

Polygon: Analyst Sets ‘Wild’ Price Target Amid POL’s 38.2% Weekly Surge

Polygon (POL) hit its four-month high today following its 11% daily surge. The cryptocurrency surpassed the $0.60 mark before retracing,...

Rubmar Garcia 6 months ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Last Chance For Polygon As Crypto Analyst Predicts MATIC Price Will Surge Above $1 Again

Scott Matherson 1 month ago
Polygon

Polygon Eyes 2x Upsurge From Broadening Wedge Pattern

Godspower Owie 1 month ago
Polygon

Polygon Q4 Digest: Agglayer Testnet Launch Drives 30% Spike In POL Market Cap

Ronaldo Marquez 3 months ago

Premium Sponsors

Top Brands

Press Releases

  • A smart choice for XRP investors to passively earn money...

    1 week ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    1 week ago
  • Bitget Lists Ripple USD (RLUSD) to Expand Stablecoin...

    1 week ago
  • Let everyone earn $10,0080 a day – CRYPTOMININGFIRM...

    2 weeks ago
  • Start RIPPLECOIN Mining cloud mining package through...

    2 weeks ago

Newsletter

Be the first to get the latest important crypto news & events to your inbox.

  • This field is for validation purposes and should be left unchanged.

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.