Tentatively higher from an earlier low of $1.15, Polygon Matic is up to $1.18 today, adding $0.027, or 2.31%, to today's closing price of $1.15.
- Polygon Matic is currently trading at $1.18 following the release of Building Permits (Mar) data from the United States.
- Today's gains follow 23 days of flat trade
United States TIC Net Long-Term Transactions (Feb) came out at 71 billion, while a consensus of analysts was expecting 101.9 billion. United States NY Empire State Manufacturing Index (Apr) released yesterday at 12:30 UTC with a figure of 10.8, while the previous figure was -24.6.
MaticNetwork USD made an initial breakout above its 5 day Simple Moving Average at $1.16, a potential indicator of a newly emerging bullish phase. Having stamped out a session range of $1.15 to $1.18, Fibonacci-inclined Polygon Matic traders were highly concentrated around active Fibonacci resistance at $1.18. On the other hand, note that Polygon Matic could be slowing down soon; it is getting close to the resistance line and is now at $1.17, only 1 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Polygon Matic's upper Bollinger Band® is at $1.19, this is a slight indication of a slowdown.
With all probabilities considered, today's gains in Polygon Matic have only added further momentum to existing technical factors favoring greater bullish sentiment in the days to come.
As things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -2.46 million, following on from the preceding figure of 597,000. New data is set to be published tomorrow at 14:30 UTC.
FTX Token is up 9.54%. Having closed the previous session at $29,447, Bitcoin is up 3.33% today to currently trade at around $30,427. Chainlink USD is up 6.21%.
Trending downwards for around 2 months. Polygon Matic reached a significant high of $1.54 around a month ago but has lost 25.23% since then.