Polygon is a decentralized layer 2 Ethereum scaling platform that enables developers to build scalable user-friendly dApps with speed transactions and low fees.
MATICUSD recovered after a minor sell-off.
Any daily close above $0.60 confirms a bullish continuation.
MATICUSD jumped more than 15% in past week. The pair holds well above the short-term (34 and 55 EMA) and long-term moving average. It hit a high of $0.4202 and is currently trading around $0.4117.
The bullish invalidation can happen if the pair closes below $0.30.On the lower side, the near-term support is $0.40. Any break below targets $0.35/$0.30.
The immediate resistance stands at around $0.50.Any breach above confirms bullish continuation. A jump to $0.60 is possible. A surge past $0.60 will take it to $0.80/$1.
It is good to buy on dips around $0.37-0.38 with SL around $0.30 for TP of $1.


Ethereum Holds Firm Above $3,100 Despite Dip – Fresh Breakout to $3,600+ Looming as Bulls Defend Key Support
FxWirePro: AUD/USD consolidates gains ,remains on positive footing
Bitcoin Defies Gravity Above $93K Despite Missing Retail FOMO – ETF Inflows Return & Whales Accumulate: Buy the Dip to $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD positions for another drop, eyes 2.0100 level
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Major Crypto levels and bias summary
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature
FxWirePro: USD/CAD downside pressure builds, key support level in focus
FxWirePro: EUR/AUD force is with bears as pair hits low since June 11th
FxWirePro: EUR/NZD neutral in the near-term, scope for downward resumption
FxWirePro- Major Pair levels and bias summary 



