Here’s what might temper MATIC buyers’ expectations this week

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. MATIC’s golden cross on the daily chart reignited the chances of a trend reversal The crypto’s social dominance declined whilst its Open Interest unveiled a bullish edge Recent buying efforts pushed Polygon [MATIC] again […]

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.The crypto’s social dominance declined whilst its Open Interest unveiled a bullish edgeagain towards the upper band of the Bollinger Bands as it found solid buying pressure to test its $1.2-resistance.After slightly slowing down at this resistance range, MATIC flashed mixed signals on its chart.

Any decline from the immediate resistance could find resting grounds at the $1.02-level followed by the 20 EMA in the $0.94-$0.97 range. A potential/ immediate recovery from this support could present buying opportunities.

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