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MATIC going strong, makes it to all-time high; how much further can it climb
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ambcrypto.comMATIC formed its ATH at $2.7 in May earlier this year. The past couple of days have seen MATIC trade very near the ATH, and climb to $2.73 momentarily as well. A bearish divergence was seen on a lower time frame, and a subsequent dip to $2.57 was readily bought up too.
The bullish pressure behind MATIC has been building for weeks now and could drive MATIC to $3 or even higher. However, $2.52 was a level bulls would not want to see the price drop beneath.
Source: MATIC/USDT on TradingView
The Fibonacci retracement tool was used to plot some levels of retracement for MATIC, based on its move down from $2.579 to $1.735. Alongside the retracement levels, higher time frame support levels (green) were also plotted.
The two sets of levels had some
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