Polygon Matic cryptocurrency trades up $0.011, approximately 0.96% higher going into tomorrow

Polygon Matic goes up to $1.18, having dipped down to $1.15 earlier.

MaticNetwork USD has crossed the upper Bollinger Band® at $1.18, a potential sign that further gains are to follow. In contrast, Polygon Matic could be slowing down soon as it approaches resistance at $1.18. Of course, crossing it might suggest further gains are ahead. Although up today, early price action saw Polygon Matic dropping below its 3 day Simple Moving Average at $1.15 — an early indicator that a new downward trend could be emerging.

Overall, looking at the technical analysis landscape, it seems Polygon Matic likely to continue pointing upward in the short term.

Polygon Matic shows positive signs, other assets are also on par: having closed the previous session at $1.24, FTX Token is up 9.54% today to currently trade at around $1.36. Having closed the previous session at $333.19, Binance Coin is up 4.47% today to currently trade at around $348.09. Solana is up 5.17%.

Trending downwards for around a month. Polygon Matic is now trading 23.97% below the significant high of $1.54 it set around a month ago.