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MATIC Price May Break $0.74 Level Downside, Excitement Trails Tamadoge Listing on OKX

MATIC Price May Break $0.74 Level Downside, Excitement Trails Tamadoge Listing on OKX

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Bears dominate the MATIC market

Polygon (MATICUSD) Price Analysis – September 26

If the bears apply more pressure, the $0.74 support level can be penetrated and then the $0.64 and $0.47 support levels. If the bull defends the support level of $0.74, MATIC can continue the upward trend to the levels of $0.90, $1.01 and $1.18.

Key levels:

Resistance levels: $0.90, $1.01, $1.18

Support levels: $0.74, $0.64, $0.47

MATIC/USD Long-term trend: Down

The MATIC/USD rate is in a downtrend in the long-term outlook. Crypto’s fall is due to a double top chart pattern formed at the $1.01 resistance level. The bulls dominated the Polygon market for many days before the bears took over the market; an uptrend pushed the price higher and found resistance at $1.01. The price fell to the $0.74 support level on August 26. It pulled back and retested the $0.90 resistance level. Currently, sellers are putting more pressure on the $0.74 level.

Polygon is trading below the 9 period EMA and the 21 period EMA. If the bears apply more pressure, the $0.74 support level can be penetrated and then the $0.64 and $0.47 support levels. If the bull defends the $0.74 support level, the price may continue to rise to the $0.90, $1.01 and $1.18 levels.

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MATIC/USD Short-term trend: Bear, tension stomps Tamadog’s listing on OKX

The polygon is bearish on the medium-term outlook. Sellers are putting more pressure on MATIC. After the formation of a short M price movement on the 4-hour chart. The price tested the $0.74 support level. The level holds and the bulls pressure the price to complete a retracement to the $0.90 level. The price is falling as it tries to break the $0.74 level.

Polygon’s price is trading below the two EMAs and the distance between them is small, indicating a downtrend. The 9-day EMA is below the 21-period EMA. However, period 14 of the relative strength index is below the 43 level signal line pointing down for a sell signal.

Stay tuned to the crypto news feed here on InsideBitcoins for more updates on Tamadog’s initial public offering as the September 27th IPO date approaches. The OKX website has announced that the TAMA withdrawal will open at 13:00 UTC on the listing day

Tamadoge – Play and earn meme coins

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  • Earn TAMA in battles with Doge Pets
  • Limited Supply of 2 Billion, Token Burn
  • Advance sales raised $19 million in less than two months
  • Upcoming ICO on OKX Exchange

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