The Polygon (MATIC) price has increased since September 11 and broke out from a descending resistance trendline on September 19.
The price reclaimed the $0.60 horizontal resistance area shortly after the breakout. Is this the beginning of the trend reversal?
MATIC Reclaims Horizontal Resistance
The daily timeframe technical analysis shows that MATIC has increased since September 11 and broke out from a descending resistance trendline on September 29.
After initially struggling to increase above the $0.60 horizontal resistance area on October 4 (red icon), the MATIC price created a higher low on October 19. It broke out three days later.
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Author: Valdrin Tahiri
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