{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/polygon-maticusd-price-is-on-its-way-to-the-new-resistance-trend-levels\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/polygon-maticusd-price-is-on-its-way-to-the-new-resistance-trend-levels\/","headline":"Polygon (MATICUSD) Price Is on Its Way to the New Resistance Trend Levels","name":"Polygon (MATICUSD) Price Is on Its Way to the New Resistance Trend Levels","description":"Polygon (MATICUSD) Price Forecast: June 19The market price of MATICUSD is facing the upside and may likely retest the $1.549 resistance level soon. Thus, a strong push from the current price at the $0.635 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to […]","datePublished":"2023-06-19","dateModified":"2023-06-19","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/06\/MATIC-MON-LNT.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/06\/MATIC-MON-LNT.png","height":595,"width":1281},"url":"https:\/\/forexschoolonline.com\/polygon-maticusd-price-is-on-its-way-to-the-new-resistance-trend-levels\/","about":["Cryptocurrency","Forex Trading Tools","FX Technical Analysis","Technical Analysis","Trade Idea","Trade Setups"],"wordCount":531,"keywords":["MATICUSD","Polygon","Technical Analysis"],"articleBody":"Polygon (MATICUSD) Price Forecast: June 19The market price of MATICUSD is facing the upside and may likely retest the $1.549 resistance level soon. Thus, a strong push from the current price at the $0.635 supply value above the supply trend levels will put the crypto in a bullish trend and this may further extend to a $2.000 resistance level resulting in intraday gains for the buy traders.Key LevelsResistance Levels: $1.100, $1.200.00, $1.300Support Levels: $0.950, $0.850, $0.750MATIC (USD) Long-term Trend: Bearish (Daily Chart)The MATICUSD pair indicates a downward trend with a bearish sentiment in its long-term perspective. This is due to the inflows from the short traders in the market which will soon be hibernated as the bulls are now set to take us higher to the new resistance trend level.The sustained bearish pressure in the past few days at the $0.558 support value has made the crypto price remain below the supply trend levels in its recent high.The cryptocurrency has completed his correction and now set for an upward momentum. The bulls made an increase to the $0.635 supply level below the moving averages shortly after today\u2019s daily chart opens. This suggests the returns of the buy traders in the market. The market participants are responding to this pattern, and its breakout should offer a good entry opportunity.Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present. A strong break up above the $1.549 resistance point would strengthen the bullish pressure.Similarly, the Polygon price may likely continue its journey up north as indicated by the daily stochastic which is pointing in an upward direction at the oversold region. This means that the selling pressure has ended; we can therefore expect the new bullish correction phase to reach a high at the $2.000 value in the days ahead in its higher time frame.MATIC (USD) Medium-term Trend: Bullish (4H Chart)At the time of writing, MATICUSD is trading in an uptrend in its medium-term perspective. The prices are above the EMA-9 line and have confirmed a bullish momentum breaking the previous high at $0.602 value.The buy investors actually made a jump to the $0.599 supply value during the yesterday\u2019s session and sustained it; this really enabled buy traders to sustain the upward rally in its recent high.The bulls caused a rise to a $0.616 high level which further increased to the $0.627 supply level above the EMA-9 as the 4-hourly chart opens today. This affirms the high impact of the buy investors in the market.If buyers continue to hold this momentum, the price may breakup the previous swing high at the $0.955 resistance value resulting in an intraday gain for the coin holders.Hence, the current price of Polygon at the $0.627 resistance mark returns the bulls back into the mark to control the price actions and also a buy at this crucial time is inevitable for the coin holders.Similarly, we can as well see the momentum indicator pointing up, this means that the crypto may likely continue its bullish ride; we therefore expect the price distribution to hit a $2.000 high mark in the days ahead in its medium-term perspective.Buy Polygon on eToro "}