MATIC Price Surges More Than 6%, Is It Finally A Trend Change?

MATIC price has witnessed a rally as the coin almost appreciated by 7% over the last 24 hours. MATIC (Polygon) had been trying hard to move past its immediate trading session for a while, and now it has finally been able to do that. It is, however, too early to call this a trend change. The bulls have to trade above the current price mark in order to move past the $0.90 price ceiling. A move above the $0.93 mark will further strengthen the bulls in the market. The technical outlook of MATIC has moved from bearish territory to a bullish one. Buyers have taken over the market, as seen in the indicators. If consistent buying strength is present, then a rally to the $0.93 level can be possible. In case buyers fade over the next trading sessions, MATIC price can slump considerably and trade around the $0.70 price mark. If demand remains high, the trip to the $1 cannot be completely ruled out. MATIC Price Analysis: One-Day Chart Polygon (MATIC) was trading at $0.86 at press time. After weeks of consolidation, the bulls finally managed to push the price of the asset north. MATIC’s immediate resistance stood at $0.90. If demand remains consistent, the MATIC price may test the aforementioned price level in the coming trading sessions. Once the asset reaches the $0.90 mark, its next stop could be at $0.93. Only if MATIC is able to break past the $0.90 level could the bulls aim for $1 as well. A trend reversal can happen if MATIC m...