MATIC: Traders can place long bets in this zone, before a move towards $3
ambcrypto.comBoasting gains of nearly 100% since mid-October, MATIC has lured investors with its staggering rally. With a symmetrical triangle breakout providing the catalyst of a huge price swing, MATIC climbed to the $2-mark for the first time in nearly 5-months.
The alt was now battling a near-term correction in order to stretch its reach above a swing high of $2.25. At the time of writing, MATIC traded at $1.94, down by 5% over the last 24 hours.
Source: MATIC/USD, TradingView
A quick glance at MATIC’s chart indicated a correctional phase after tagging the $2.25 price mark. Bearish divergences along the RSI and an unfavorable crossover on the MACD presented a few profit-taking opportunities. Should sellers react to such cues, MATIC would inch closer to
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