Polygon Price Analysis: Polygon resumes bullish rally and sets higher low at $1.50

TL;DR Breakdown Polygon price analysis is bullish for todayMATIC/USD traded in a range of $1.51 – $1.64 Polygon Price Analysis: General price overview Polygon price analysis is bullish for today as a new higher high was set yesterday, and the market price started to rally from there. Therefore, we expect MATIC/USD to see further advance and try to set another higher high above the $1.60 mark. The general cryptocurrency market performed bullishly over the last 24 hours. Market leaders Bitcoin and Ethereum lost by 0.98 and 0.81, respectively. Meanwhile, Cardano (ADA) is among the best performers, with a gain of almost 6 percent. Other gainers include Dogecoin, Solana, and Polkadot Polygon price movement in the last 24 hours: Polygon begins to rally MATIC/USD traded in a range of $1.51 – $1.64, indicating moderate volatility over the last 24 hours. Trading volume has increased by 13.68 percent and totals $1.36 billion, while the total market capitalization traded around $10.5 billion, ranking the cryptocurrency at 17th place overall. MATIC/USD 4-hour chart: MATIC targets $1.70 next? On the 4-hour chart, we can see the Polygon price action rallying overnight as bulls look to break above the $1.64 resistance. Polygon price action has traded with a strong bullish momentum over the past month. After finding support around $.95 on the 20th of July, MATIC/USD started to rally and broke past the previous swing high of $1.10 on the 14th...