|

MATIC price presents a long entry trigger at these lows

  • MATIC price shows a confluence of two major support levels at $1.33. 
  • A retest of this barrier is key in catalyzing an exponential run-up to $2.1.
  • A daily candlestick close below $1.15 will create a lower low and invalidate the bullish thesis.

MATIC price created a ceiling at a crucial level and has been in a downtrend ever since. The recent bounce established a local top, but investors can expect a minor retracement toward a support confluence to trigger massive buying pressure.

MATIC price face decisive moment

MATIC price set up a double top at $2.1 and then dropped 44%. As Polygon trades around $1.51, investors can expect a minor downtrend to begin. This move would be a bullish retracement due to a confluence of the equal lows formed at $1.33 and the three-day demand zone, extending from $1.15 to $1.35.

A bounce off this junction will be a key in collecting liquidity and triggering a massive run-up for MATIC price. Interested investors can enter long at $1.33 and await an explosive rally.

The levels of interest for booking profits include $1.54, where the first equal high is present. Beyond this Polygon, bulls will encounter the $1.64 and $1.94 resistance barriers. If bullish momentum is adequate, MATIC price will likely flip these hurdles into a foothold, allowing the altcoin to make a run for the $2 psychological level.

Market makers are going to extend this move to $2.1 and higher, to collect the liquidity resting above these equal highs. 

MATIC/USDT 6-hour chart

MATIC/USDT 6-hour chart

While things are looking up for MATIC price, a failure to hold above the support confluence will indicate a weakness among buyers.

A daily candlestick close below $1.15 will create a lower low and invalidate the bullish thesis for MATIC price and open the path for further correction. So, interested buyers can place their stop-losses at this level.

Author

Akash Girimath

Akash Girimath is a Mechanical Engineer interested in the chaos of the financial markets. Trying to make sense of this convoluted yet fascinating space, he switched his engineering job to become a crypto reporter and analyst.

More from Akash Girimath
Share:

Markets move fast. We move first.

Orange Juice Newsletter brings you expert driven insights - not headlines. Every day on your inbox.

By subscribing you agree to our Terms and conditions.

Editor's Picks

Crypto market outlook for 2026

Year 2025 was volatile, as crypto often is.  Among positive catalysts were favourable regulatory changes in the U.S., rise of Digital Asset Treasuries (DAT), adoption of AI and tokenization of Real-World-Assets (RWA).

Meme Coins Price Prediction: Dogecoin, Shiba Inu, Pepe recover, echoing Bitcoin rebound

Dogecoin, Shiba Inu, and Pepe are trading mixed as Bitcoin records minor gains on Monday, warming sentiment across the broader cryptocurrency market. Still, the incipient recovery in Dogecoin, Shiba Inu, and Pepe remains fragile amid the prevailing downtrend.

Bitcoin consolidates as downside risks persist

Bitcoin has made only three wave rallies from the November lows, which is one of the most important indications that more weakness may still lie ahead.

Polkadot's (DOT) dips, with token underperforming wider crypto markets

DOT $1.8269 fell 2% to $1.84 over the last 24 hours. Trading volumes were 7.8% above the seven-day moving average at 7.76 million tokens, according to CoinDesk Research's technical analysis model.

Orange Juice Newsletter – Smart insights by real people. Every day.

A free newsletter highlighting key market trends to help traders stay a step ahead. Daily insights on the most relevant trading topics, compiled by our experts in an easy-to-read format so you never miss an important move.

Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.