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MATIC Price Chart Looking Not So Hot by scaredycatguide

View this thread on: hive.blogpeakd.comecency.com
· @scaredycatguide ·
$44.96
MATIC Price Chart Looking Not So Hot
It has been one hell of a ride in crypto the past year.  If you don't stop to look you may not realized most alts have given back two-thirds or more of the move that began back in the spring of 2021.

MATIC is one of them and the price action still doesn't look very hot.

### Failed to Retaking Key Support

![image.png](https://images.hive.blog/DQmfVa2g2uJ5AD9cM5ZDY2AjpQtsnM71XNEQQEMo8ntFVLn/image.png)

Looking at the daily chart above you can see price breached the 70 cent area support, a level that acted ads a launching pad and also a key pivot on prior moves.

Since then price has pushed up to it and failed.  With the little bounce in crypto the past 24 hours we see price creeping back towards the level.

If buyers can push it higher and get price established at 75 cents and above then there really isn't any resistance to the $1 area.

On the flipside, with price failing to retake that 70 area then any leg down targets 30 cents, which would essentially mean a full round trip for MATIC, wiping out the past year's gains.

Time will tell which way we go over the coming weeks.

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vote details (326)
@borsengelaber ·
If we really fall down to 30 Cents, I will definetely buy more of Matic. 👏🏻
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@ifarmgirl ·
Hope to see MATIC to become hot once again :) I did pick up a few sometime ago and it has dropped since. Wondering if I should pick up a bit more.

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@melbourneswest ·
$0.02
I expected so much more from Matic but it just failed to provide the goods. Interesting chain with so much potential 

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@mrtats ·
Cheaper gas fees for harvesting all those POLYCUB rewards :P 

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@rtonline ·
I'm optimistic for MATIC, I think it will reach $1 again. Honestly I wish it went down to 30 cents because it would be great for me to buy the MATIC for 30 cents.

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@slhp ·
So many options... with limited funds :)

When everything is on sale, which ones do you pick? 

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