MATIC Token Price Rangebound

The price of Matic is down this year like most other coins, but it managed to hold a key support and it trading above it of late.

Matic in the Middle...

Looking at the daily chart above we can see the 30 cent area support came into play again on the most recent sell off which led to a bounce near (not quite to it, but near) the 70 cent resistance area.

That's actually a positive relative to most other alts that did not approach any upside targets after the sell off finally relented.

So now Matic finds itself sitting in the middle of a range. There really isn't much to watch or do in the meantime.

Will it crack 70 cents and make a bull run? Or will it crack 30 cents and roar like a bear lower?

Time will tell. Bitcoin's direction will certainly have a bearing on it.

Posted Using LeoFinance ^Beta