$MATIC powers through the week (and weak hands)

By JCRoemer | JCR's Crypto Musings | 30 Apr 2021


The Polygon MATIC rally pushed in the last day of April with the token slowly pushing to a new ATH of $0.9457. 

Note the higher lows and higher high's throughout the last few days as price discovery continues. (Also, our favorite phrase in this world: Price discovery!!!)

Eventually, $MATIC will need to re-test the 50EMA on the 1HR and possibly the 200EMA. With revised targets landing anywhere from $1.20 to $1.55 and as high as $1.91, we have to look for any opportunity to accumulate, especially when the token decides it is time to retest support. 

z5lKWmoi.png

How do you rate this article?


1

1

JCRoemer
JCRoemer

Baltimore bred and spread. Egg custard with marshmallow. Pan-fried crab cakes. JO not Old Bay. Peppermint in lemon. Grape jam on scrapple. Ketchup on your eggs.


JCR's Crypto Musings
JCR's Crypto Musings

A collections of thoughts, ideas, and analysis of various crypto projects. Opinions are my own. Not financial advice.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.