|

MATIC falls below critical support, a move to $1.70 may be next

A brief technical and on-chain analysis on Polygon price. Here, FXStreet's analysts evaluate where MATIC could be heading next.

Please, subscribe to our YouTube channel and follow us on Twitter @FXScrypto.

Author

FXStreet Team

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

More from FXStreet Team
Share:

Editor's Picks

Cardano Price Forecast: Bulls eye a second leg higher as whales buy

Cardano trades above $0.196 at the start of the week after posting double-digit gains over the past two weeks. ADA’s bullish price action is supported by steady whale accumulation. Meanwhile, derivatives sentiment is showing a slight bullish tilt, suggesting a second leg higher for ADA.

Shiba Inu Price Forecast: SHIB defends key support level amid possible whale support

Shiba Inu price edges higher, bouncing off a key support level near $0.00000462. The meme coin shows early signs of renewed whale support, while retail demand holds firm, with rising Open Interest and funding rates. The technical outlook for SHIB indicates a mild bullish bias, supported by the intraday recovery.

Top 3 Price Prediction: BTC bulls strengthen, ETH eyes breakout, XRP rebounds

Bitcoin and Ethereum show signs of strength as bulls defend key support on Monday after gaining 2% and 1.3% in the previous week. Meanwhile, Ripple recovers mildly at the start of the week after sliding over 5% last week.

Crypto Market Overview: Bitcoin steadies as BoJ flags possible rate hikes
The broader cryptocurrency market holds steady, with Bitcoin (BTC) trading near $65,000, above its 50-day Exponential Moving Average (EMA) of $64,702. The Bank of Japan (BoJ) released the summary of opinions from its July meeting, with nearly half of the board members leaning hawkish.
Bitcoin: Can bulls weather the market uncertainty?
Bitcoin (BTC) remains resilient, trading above $65,000 on Friday, with bulls defending key support despite cautious market sentiment. US-listed spot Bitcoin Exchange-Traded Funds (ETFs) showed strong inflows through Thursday, pointing to renewed institutional demand.