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MATIC Price Analysis for November 4

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Fri, 4/11/2022 - 15:08
MATIC Price Analysis for November 4
Cover image via www.tradingview.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

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The cryptocurrency market seems ready to grow, as most coins are in the green zone again.

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MATIC/USD

MATIC is one of the biggest gainers as the price has blasted by 22.54% over the last 24 hours.

MATIC/USD chart by TradingView

On the hourly chart, MATIC has bounced off from the recently formed resistance level at $1.1789. If the breakout does not happen until the end of the day, one can expect a correction to the support at $1.0976 tomorrow.

MATIC/USD chart by TradingView

MATIC has started realizing its accumulated energy on the more extensive chart. The bullish trend remains relevant until the rate is above $1.0545.

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BTC and ETH Price Analysis for November 3

In this case, the more likely scenario is growth to the $1.20 zone. In addition, the rising volume confirms buyers' strength.

MATIC/BTCchart by TradingView

Analyzing the chart against BTC, MATIC has made a breakout of the resistance level at BTC 0.00004724 against the increased volume. Even though the bulls keep controlling the situation on the market, one should expect a slight correction so the altcoin can get more energy for a further upward move.

MATIC is trading at 1.1621 at press time.

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