MATIC price pulls back at the $0.7 level, TAMA heads north.

The bulls dominate the MATIC market.

Polygon (MATICUSD) Price Analysis – September 02

If the buyers increase their pressure or continue their current momentum, the $0.9 price level could be broken upside down and the $1.0 and $1.1 resistance levels could be tested. If the bears defend the $0.9 resistance level, MATIC may reverse and continue to the $0.7, $0.6 and $0.4 levels.

Key steps:

Resistance levels: $0.9, $1.0, $1.1

Support levels: $0.7, $0.6, $0.4

MATIC/USD Long Term Trend: Bullish

MATIC/USD price is in a bullish trend in the long-term view. The bears dominated the polygon market last week. The bearish trend pushed the price and found support at $0.7, the price pulled back and broke the volatile resistance levels. It is heading towards the $0.9 resistance level. An increase in the pace of buyers can break the resistance level of $ 0.9.

Further Polygon price increases are highly anticipated, if buyers increase their pressure or continue their current momentum, the $0.9 price level may be broken upside down and the $1.0 and $1.1 resistance levels may be tested. If the bears defend the $0.9 resistance level, the price may reverse and continue towards the $0.7, $0.6 and $0.4 levels.

MATIC/USD Short Term Trend: Bullish, TAMA Heading North.

Polygon excels in the medium-term view. After breaking the $0.9 support level, the price will decline from the high of $1.0 to the $0.7 level. Buyers blocked a further bearish trend at the $0.7 level. More strength bulls and price increase above variable resistance levels. MATIC is currently testing the $0.9 level.

The 9-day EMA is above the 21-period EMA and the polygon price is trading above the two EMAs with the distance between them indicating a strong bullish trend. The relative strength index period is 14 at 69 levels and the signal line shows a relative buy signal.