Despite showing great recovery signs from a low of $0.33 with over 80% gains in weeks, Matic price faces strong resistance at $1.
July has been good for most crypto projects, with the price of Matic surging to over 80% gains in just one month, although Matic price faces steep resistance at the $1 mark.
Matic Weekly Chart Analysis
The price of Matic moved from the low of $0.33 to a high of $1 before seeing a rejection to a region of $0.80.
Matic saw a relief bounce when it met its all-time high (ATH) of 2021; this became a good support for Matic to build more buy pressure for a good relief bounce.
Matic Weekly Price Chart Analysis | Source: MATICUSDT On Tradingview.com