MATIC price may break below $0.74 level, interesting tracks Tamadoge list on OKX

Bears dominate the MATIC market.

Polygon (MATICUSD) Price Analysis – September 26

If the bears exert more pressure, a support level of $0.74 may be entered, then, support levels of $0.64 and $0.47. If the bull defends the $0.74 support level, MATIC may continue its bullish trend towards the $0.90, $1.01 and $1.18 levels.

Key steps:

Resistance levels: $0.90, $1.01, $1.18

Support levels: $0.74, $0.64, $0.47

MATIC/USD Long Term Trend: Bearish

The price of MATIC/USD is in a long-term perspective trend. Crypto’s fall is due to the double top chart pattern created at the $1.01 resistance level. The bulls dominated the polygon market several days before the bears took over the market; A breakout trend pushed the price higher and found resistance at $1.01. The price dropped to the $0.74 support level on August 26. It pulled back and retested the $0.90 resistance level. Currently, sellers are putting more pressure on the $0.74 level.

Polygon is trading below 9 periods EMA and 21 periods EMA. If the bears exert more pressure, a support level of $0.74 may be entered, then, support levels of $0.64 and $0.47. If the bull defends the $0.74 support level, the price may continue its bullish trend towards the $0.90, $1.01 and $1.18 levels.

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MATIC/USD Short-Term Trend: Depression, Happy Ways Tamadoge List on OKX

Polygon is weak on the medium-term view. Vendors are putting more pressure on MATIC. After the formation of short “M” price action on the 4 hour chart. The price tested the $0.74 support level. The level will hold and the bulls will push the price towards the $0.90 level again. The price is falling, trying to break the $0.74 level.

Polygon price is trading below the two EMAs with a close distance between them which indicates a winning trend. The 9-day EMA is below the 21-period EMA. However, the relative strength index is 14 times below the 43 levels and the signal line is showing a sell signal to Connaught.

Stay tuned to the crypto news feed here on InsideBitcoins for more updates on Tamadoge’s first exchange listing as the September 27th listing date approaches. The OKX website announced that the TAMA withdrawal will be open at 13:00 UTC on the listing day.

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