MATIC: A breakout past $0.95 and its retest can give buyers room to...
has a bullish bias on the lower timeframe price charts. The buyers have to work much harder in order to force a strong uptrend in the coming days for MATIC. Meanwhile, traders can keep an eye on the range that developed over the past week.MATIC has traded within a range from $1.03 to $0.72 since July. It saw a huge move upward to $1.27 in November but the panicked market erased the breakout that MATIC bulls had created.
The RSI was barely afloat above the neutral 50 mark and did not show bullish momentum. The market structure was bullish in the past couple of days, but that didn’t mean too much due to the aforementioned range.
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