$MATIC is testing golden support – Are we seeing a rebound soon?
Analysis:
Polygon's currency is trading at strong support around $0.68, which represents a historical pivot since February 2024. The price shows signs of oversold on the RSI (below 35).
Entry level: $0.68 – $0.70
First target: $0.78
Second target: $0.85
Stop loss: $0.64
Supporting indicators:
RSI in the oversold region
Appearance of a reversal candle on the 4H frame
Volume contraction indicates a potential upcoming explosion
Vision:
If this support continues to hold, we may witness a quick rebound, especially with new liquidity entering the market.