MAT (Matchain) is a cryptocurrency within the Matchain system, operating on the BNB Chain as a Smart Contract layer protocol. The circulating supply is around 60 million out of a total supply of 100 million.
📉 Brief Technical Analysis
1. General Assessment – Investing.com
On Investing.com, the overall rating for MAT shows as 'Sell' to 'Strong Sell', with no buy signals from momentum indicators like RSI or MACD.
2. Gate.io Indicator
Analysis of time frames from minute to month:
5-hour frame: Strong Sell.
Daily and Weekly: A slight improvement may be observed, although the daily frame reflects a 'Buy' point.
More frames show a strong signal for confirmed selling.
3. Indicator from Pricepredictions.com
The near-term trend is expected to be bearish, while suggesting that the long-term trend may turn bullish by the end of 2025, depending on breaking resistance levels at ~0.94.
🧭 Support and Resistance Levels and Trend
Resistance levels: Around $0.72 – $0.74 (the classic Pivot).
Current trend: Strong bearish (RSI at 18 and all MA indicators 'Sell').
Future Trend:
Some models predict a range for upward movement towards ~0.98 by the end of 2025 if volume increases and overall improvement occurs.
🔎 Brief Summary
Short term (Days/Weeks): Strong technical sell recommendations and decline from the current range of $0.58–0.65.
Medium to long term (Months–end of 2025): Mixed signals; some models predict a gradual recovery towards ~0.9–1 dollar, but this depends on improved momentum and breaking resistance.
✅ Market Suggestions
1. For quick traders: Focus on selling or margin near current resistance levels, with a suitable stop loss due to high volatility.
2. For long-term interested parties: Taking advantage of the current price decline (gradual entry at levels of 0.5–0.55) may be wise if a bullish breakout above ~0.72–0.75 is confirmed with trading volume support.
3. Risk Management: Do not invest more than you can afford, especially with the volatility of this currency, and optimize the use of mixed portfolios.
In summary: The current technical situation for MAT is bearish in the short term; however, if technical indicators improve, it could shift towards a rise of about ~70–90% over the coming months.
