Matic Mainnet May 15th! Up up and away!
Matic has been an odd duck with it's price action in the past year. It had an epic run up of price in May 2019 in the span of 10 days (from 49 sats to 573 sats), before crashing down to earth, only to have another meteoric rise (from 173 sats to 569 sats) and one of the most epic crashes we've seen in crypto where it retraced almost entirely in a couple days.
Now it seems it's ready for some bullish momentum up. It has it's work cut out for it though. It's going head long into a lot of chop. It needs to first close above the 200 Day on the daily and confirm it as support. There's not a lot of time for it to confirm support and get through all that resistance before Mainnet goes live. If buy the rumor and sell the news applies here, it will need a lot of volume to make any significant price gains. It does have a lot of visibility though. That may be enough to see a big push upward. That's not the ideal scenario for long term growth, but Matic holders could really use some bullish momentum these days.
Now it seems it's ready for some bullish momentum up. It has it's work cut out for it though. It's going head long into a lot of chop. It needs to first close above the 200 Day on the daily and confirm it as support. There's not a lot of time for it to confirm support and get through all that resistance before Mainnet goes live. If buy the rumor and sell the news applies here, it will need a lot of volume to make any significant price gains. It does have a lot of visibility though. That may be enough to see a big push upward. That's not the ideal scenario for long term growth, but Matic holders could really use some bullish momentum these days.
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