MATIC price is displaying positive signals from the $0.3920 zone. Rising above the $0.410 level against the US dollar and trading above $0.4120, Polygon's momentum is strong. A key rising channel support at $0.4125 on the hourly chart is evident.
If MATIC clears the $0.4220 and $0.4250 resistance levels, it could gain further bullish momentum. Overcoming a clear resistance at $0.4450 can lead to targets of $0.4620 and $0.480.
However, failure to rise above $0.4220 might prompt another decline, with immediate support near $0.4150 and main support at $0.4120. Significant support levels are $0.4150 and $0.3920.
Technical indicators show positive trends with the hourly MACD in the bullish zone and RSI above 50. Overall, MATIC holds the potential for a bullish trend if resistance levels are broken.
