MarketIntel

Polygon: Quo Vadis, Polygon?

Long
BINANCE:MATICUSD   MATIC Network
Polygon has to make a decision: Where will it go after skidding down to the $2 mark? There are two equally attractive possibilities, well almost: There is a 45% change that it could head back home and fall under its support line at $1.44. At this point, it should hole up even more deeply below $1 and take a holiday at the yellow beach strip between $0.328 and $0.620. However, we rather expect it to take heart and go for another option. Our favored scenario features Polygon in action, rising up until the resistance line at $2.899 and aiming for even higher goals from there.
So, our answer to the question “Quo vadis, Polygon?” is “Sursum!”
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