MATIC is up by greater than 1% at the moment and will rally larger after Bitpay added assist for Polygon and its native token.
MATIC, the native coin of the Polygon community, is up by greater than 1% within the final 24 hours. The coin is underperforming the broader crypto market, which has added greater than 3% to its worth at the moment.
The full cryptocurrency market cap is now above $1 trillion for the primary time in practically two months. Bitcoin is closing in on the $21k resistance degree after surging by greater than 1% at the moment.
Ether, the second-largest cryptocurrency by market cap, is up by lower than 1% and is buying and selling above $1,500 per coin.
MATIC is underperforming in comparison with the broader crypto market regardless of Polygon saying that it’s now supported by Bitpay.
🪙@BitPay, the world’s largest supplier of Bitcoin and cryptocurrency fee companies, has introduced assist for #Polygon and $MATIC.
Starting this week, you may
4️⃣Spend$MATIC throughout the BitPay app. pic.twitter.com/NCCYlXQG9n
— Polygon – MATIC 💜 (@0xPolygon) October 26, 2022
Bitpay is without doubt one of the main suppliers of Bitcoin and cryptocurrency fee companies on the planet. It has added assist for Polygon and MATIC, permitting its customers to purchase, retailer, swap, and spend MATIC and several other different supported ERC-20 tokens on Polygon.
Key ranges to observe
The MATIC/USD 4-hour chart is bullish as Polygon has added greater than 11% to its worth because the begin of the week. The technical indicators present that MATIC’s efficiency might enhance within the close to time period.
The MACD line crossed into the optimistic zone earlier this week and has remained there, indicating that the bulls are at the moment in control of the MATIC market.
The 14-day RSI of 64 additionally reveals that MATIC might enter the overbought area if the present market momentum is sustained.
At press time, MATIC is buying and selling at $0.934 per coin. If the optimistic momentum is maintained, MATIC might surge previous the primary main resistance degree at $1.004 per coin. That might be the primary time MATIC is buying and selling above $1 since August.
Nevertheless, it could want the assist of the broader market to surge previous the $1.057 resistance degree within the close to time period.
The place to purchase MATIC now
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