BlueCat2025
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Bearish
$BTC
Polygon Dollar (MATICUSDT) is experiencing negative pressure – Analysis – 14-04-2025 $POL
The price of Polygon (MATICUSDT) has stabilized with a slight increase during its recent trading at the intraday levels, amid attempts to recover some of the losses it previously incurred. However, this cautious rise has led to the formation of a negative divergence in the relative strength indicators, after reaching areas that are extremely saturated with buying operations, excessively compared to the price movement, with the beginning of a negative crossover appearing which will amplify the negative pressure on the price, especially with the continued negative pressure resulting from its trading below the simple moving average for the 50-period, and under the control of the main downward trend.
Therefore, our expectations indicate a decline in the price of the currency during its upcoming trades, as long as it remains below the price of $0.204, targeting the support level of $0.149.
Expected direction for upcoming trades: Downward
Polygon Dollar (MATICUSDT) is experiencing negative pressure – Analysis – 14-04-2025 $POL
The price of Polygon (MATICUSDT) has stabilized with a slight increase during its recent trading at the intraday levels, amid attempts to recover some of the losses it previously incurred. However, this cautious rise has led to the formation of a negative divergence in the relative strength indicators, after reaching areas that are extremely saturated with buying operations, excessively compared to the price movement, with the beginning of a negative crossover appearing which will amplify the negative pressure on the price, especially with the continued negative pressure resulting from its trading below the simple moving average for the 50-period, and under the control of the main downward trend.
Therefore, our expectations indicate a decline in the price of the currency during its upcoming trades, as long as it remains below the price of $0.204, targeting the support level of $0.149.
Expected direction for upcoming trades: Downward
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