Matic has ranged for a while and things are starting to heat up, let's take a look.
Matic bulls are pushing against the resistance of the .236 of the down fib (red line), while all the indicators look amazing. The RSI hit 26 on the 27th of July, If you look at the charts history Matic usually bounces well off of the 30 RSI area and as we can see it looks to have currently. The MACD histogram shows that selling pressure is subsiding and that we may have a bullish MACD cross very soon. The Stoch RSI is pointing up and gave us a buy signal recently. So basically the indicators look great and Matic may be looking to lead BTC now in the dance of the red and green sugar dildoplum fairys .
If Matic starts outperforming BTC that generally would mean the price of Matic will also increase, especially in this market. As you guys know I posted a long term 1W chart for Matic and I believe that we will be headed for .043 cents area very soon, then towards .08 cents after.
This month is extremely bullish for Matic, obviously you know Matic Mainnet and staking was initiated, so Matic's fundamental foundation has been established. Now Dapps can onboard directly to the mainnet and experience the superior scaling features everyone has been raving about. These dapps include powerful and well known gaming dapps, ultility dapps, DeFi dapps, and ecosystem dapps (Everything you can wish for). These dapps are migrating from huge competitors also, such as Tron and Loom, not to mention from the Ethereum base layer, so obviously Matic has it going on. DeFi is huge right now so I can't wait to see the other DeFi dapps that will be deploying very soon, also we know StaFi a Defi Dapp is saying they will contribute their governance tokens to Matic stakers which is huge. In other news we also see that Matic Exchange staking is going to be initiated very soon and that rumors of tier 1 level exchanges look to onboard Matic soon (huge!!). Matic recently submitted their solution to Reddit in hopes of capturing Reddit as the next main stream Dapp to deploy to the Matic Network (Huge!!). Matic truly benefits from the India factor as it is the main and most powerful project coming out of India as India begins to blossom into the next blockchain hub if the world. 80-90% of dapps in India are said to be in talks with Matic and speculation alone could trigger Matic to go parabolic.
(Crypto Secret Circle Youtube name) In a YouTube video I made recently I explained how Matic could reach $1-4 conservatively in the next bull run, it has plenty of research backing my thoughts so it is a must watch video.
None of this is Financial advice just my opinions, just know that Coinbase invested in matic early and Coinbase custody offers Matic. Binance launched Matic as an IEO , and smart money seems to be talking about Matic in very hushed tones. This could be as close to a Matic/ BTC bottom as we can ever get again.
Matic bulls are pushing against the resistance of the .236 of the down fib (red line), while all the indicators look amazing. The RSI hit 26 on the 27th of July, If you look at the charts history Matic usually bounces well off of the 30 RSI area and as we can see it looks to have currently. The MACD histogram shows that selling pressure is subsiding and that we may have a bullish MACD cross very soon. The Stoch RSI is pointing up and gave us a buy signal recently. So basically the indicators look great and Matic may be looking to lead BTC now in the dance of the red and green sugar dildoplum fairys .
If Matic starts outperforming BTC that generally would mean the price of Matic will also increase, especially in this market. As you guys know I posted a long term 1W chart for Matic and I believe that we will be headed for .043 cents area very soon, then towards .08 cents after.
This month is extremely bullish for Matic, obviously you know Matic Mainnet and staking was initiated, so Matic's fundamental foundation has been established. Now Dapps can onboard directly to the mainnet and experience the superior scaling features everyone has been raving about. These dapps include powerful and well known gaming dapps, ultility dapps, DeFi dapps, and ecosystem dapps (Everything you can wish for). These dapps are migrating from huge competitors also, such as Tron and Loom, not to mention from the Ethereum base layer, so obviously Matic has it going on. DeFi is huge right now so I can't wait to see the other DeFi dapps that will be deploying very soon, also we know StaFi a Defi Dapp is saying they will contribute their governance tokens to Matic stakers which is huge. In other news we also see that Matic Exchange staking is going to be initiated very soon and that rumors of tier 1 level exchanges look to onboard Matic soon (huge!!). Matic recently submitted their solution to Reddit in hopes of capturing Reddit as the next main stream Dapp to deploy to the Matic Network (Huge!!). Matic truly benefits from the India factor as it is the main and most powerful project coming out of India as India begins to blossom into the next blockchain hub if the world. 80-90% of dapps in India are said to be in talks with Matic and speculation alone could trigger Matic to go parabolic.
(Crypto Secret Circle Youtube name) In a YouTube video I made recently I explained how Matic could reach $1-4 conservatively in the next bull run, it has plenty of research backing my thoughts so it is a must watch video.
None of this is Financial advice just my opinions, just know that Coinbase invested in matic early and Coinbase custody offers Matic. Binance launched Matic as an IEO , and smart money seems to be talking about Matic in very hushed tones. This could be as close to a Matic/ BTC bottom as we can ever get again.