Can bulls defend the December deep? After short-term sales pressure and missed attempt to exceed the $ 0.90 mark

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MATIC kämpft damit, die Marke von 0,90 Dollar zu überschreiten und musste am Wochenende einen Rückgang um 10 Prozent hinnehmen. Dadurch wurden einige der jüngsten Gewinne zunichte gemacht, die während des Preisanstiegs am 13. Juli erzielt wurden. Es gibt jedoch Hoffnung für die Bullen, da MATIC auf die vorherige Unterstützung und die Dezember-Tiefststände nahe 0,7566 Dollar zurückgefallen ist. Dies könnte dazu führen, dass die Bullen angezogen werden. Auf dem 4-Stunden-Chart ist ein Aufwärtstrend erkennbar, da seit Mitte Juni höhere Hochs und höhere Tiefs verzeichnet wurden. Obwohl der Preisanstieg am 13. Juli die Bullen vorangetrieben hat, konnten sie die 0,90-Dollar-Marke nicht …
Matic fights to exceed the $ 0.90 mark and had to accept a decline of 10 percent at the weekend. This destroyed some of the latest profits that were achieved during the price increase on July 13th. However, there is hope for the bulls, since Matic has fallen back on the previous support and the December low stalls near $ 0.7566. This could lead to the bulls being put on. An upward trend can be seen on the 4-hour chart, since higher highs and higher lows have been recorded since mid-June. Although the price increase on July 13, the bulls promoted, they could not ... (Symbolbild/KNAT)

Matic struggles to exceed the $ 0.90 mark and had to accept a decrease of 10 percent at the weekend. As a result, some of the latest profits were destroyed during the price increase on July 13th.

However, there is hope for the bulls, since Matic has fallen back to the previous support and the December depths of $ 0.7566. This could lead to the bulls being put on.

On the 4-hour chart, an upward trend can be seen, since higher highs and higher lows have been recorded since mid-June. Although the price increase on July 13th pushed the bulls forward, they could not exceed the $ 0.90 mark.

It is worth noting that the increase on July 13th destroyed a declining order block (OB) that agreed with the December deep stalls. However, the withdrawal of the price has reached the level of the December lowest, which can be regarded as essential support and possibly attracts bulls.

A breakthrough under the December deep stalls would invalidate the bullish thesis and mean a further decline to $ 0.71 or $ 0.65.

The on balance volume has dropped slightly and the relative strength index is below the neutral level, which indicates a decline in demand and the purchase pressure on weekends.

The trust of the investors in Matic suffered after the Securities and Exchange Commission Matic classified as securities in June 2023. However, the mood has improved since the decision of Ripple Labs, which indicates strengthening trust.

The price increase on July 13 was characterized by an increase in the offer to the stock exchanges, which indicates short -term profit from. The financing rates also tanged during this period, which benefited the empty sellers. However, the important level of the low in December should be kept in mind at $ 0.7566.