Bitcoin (BTC) and altcoinThe analyst, who managed to attract the attention of investors with his analyzes of the Ethereum (ETH) based Polygon (MATIC) took it.
Stating that Polygon gave a bullish signal after the declines it experienced, the analyst told investors that the trend in MATIC is probably preparing to reverse.
Analyst who shared on his Twitter account MATIC used the following terms:
“After a nice 20% drop from a few weeks ago, MATIC looks poised for a reversal.
The diagonal breakouts seen on the MATIC chart brought major impulse moves along this uptrend.”
Looking at the analyst’s graph MATIC It will experience another drop before it reverses the downtrend and recovers to $1.70. This drop means Polygon drops below $1.
Polygon, which has fallen by more than 10% in the last week, continues to trade at $1.12 at the time of writing.
After a nice ~20% drop from a couple of weeks ago, $MATIC looks primed for a reversal. https://t.co/DlZ9GMfyP7 pic.twitter.com/jBLmdfdkPU
— KALEO (@CryptoKaleo) March 7, 2023
*Not investment advice.
For exclusive news, analytics and on-chain data Telegram our group, twitter our account and YouTube Follow our channel now! Moreover Android And iOS Start live price tracking right now by downloading our apps!