The MATIC price has been steadily declining over the last seven weeks due to a falling wedge. As dynamic resistance and support, the two downsloping trendlines in this pattern drove the MATIC price from $1.29 to $0.588, a 54.3% loss.
However, the downward momentum that stopped at the $0.625 support level suggests that a bottom may form in the wake of the Bitcoin halving. Market stagnation for the MATIC token has propelled investors to look for better options for expansion in the dynamic crypto space.
DTX Exchange emerges as an excellent substitute for optimizing gains, thereby attracting MATIC investors. A renowned MATIC millionaire enters DTX, calling it a lottery at such a suitable price of $0.03.
Analysts Foresee Bearish Takeover After Analysing MATIC Price
The MATIC price has been steadily rising between the $0.772 and $0.588 horizontal level for almost two weeks. This sideways movement suggests that although the positive sentiment surrounding Bitcoin halving has stopped the downward pressure, it still lacks enough momentum to drive a strong recovery.
The Polygon token’s technical indicators reveal a bearish takeover with negligible chances of a bullish recovery. MATIC price has sunken down by 30% over the past month, with the continuation of a red candle. The market cap has been reduced by 6%.
The fact that the daily RSI slope recovered from the oversold area indicates that buyers are gathering this asset at a lower cost. However, the price has not yet provided a stronger signal for a reversal, as evidenced by the downtick in the Bollinger Band indicator’s lower boundary.
The market fluidity for Polygon has been a key factor for the entrance of a millionaire investor into DTX Exchange, which is a portal to optimize returns.
The Emerging Blockchain, DTX Exchange (DTX), Ensures 100X Gains
DTX Exchange (DTX) is a trading exchange that enables users to trade cryptocurrencies, forex, equities, and contract-for-differences (CFDs). The platform boasts state-of-the-art infrastructure and innovative trading features, offering users unparalleled opportunities. Notably, DTX will be the first large-scale exchange to provide users with 1000X leverage, all while eliminating the need for KYC (Know Your Customer) requirements.
The platform offers various products, including the DTX wallet and multitier accounts, catering to a wide range of user requirements and enhancing the overall trading experience. DTX is poised to capitalize on this market opportunity, especially given its presale price of $0.02. It has readily raised about $350K within no time. It will soon sell at the $0.03 level in stage 2, which appears as a lottery to investors.
The ongoing presale presents marks a prime time for investors to be a part of DTX Exchange and play an integral role in shaping its future as DTX will soon announce its blockchain. Moreover, DTX going to announce a giveaway worth $1 million for the presale participants.
Key Takeaways
The downtrend of MATIC price has catalyzed the search for alternatives by investors. DTX Exchange appears as the best investment at $0.03, attracting MATIC millionaires. It provides the opportunity for 100X gains as MATIC prices stagnate in this bull run.
Learn more:
Visit DTX Presale
Read Whitepaper
Join The DTX Community
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