Polygon's MATIC Price Attempts Recovery, Faces Major Resistance at $1.00

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Polygon's MATIC price is attempting to recover from the $0.82 support zone, with a potential rise towards the $0.90 resistance zone. The price has broken above a key bearish trend line and is trading above the 100 simple moving average (4 hours). However, there is a major barrier forming near the $1.00 zone. If the price fails to rise above the $0.90 resistance level, it could start a fresh decline towards the $0.82 support zone. The MACD for MATIC/USD is gaining momentum in the bullish zone and the RSI for MATIC/USD is now above the 50 level.


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