Crypto Technical Analysis

Polygon/Bitcoin(MATIC/BTC) Technical Analysis: 15 January 2022


MATIC/BTC began surging towards its highs during February 2021 and reached the highs around 0.00006641 BTC  within just four months. However, the extreme-sell off in May not only impacted the USDT pairs but also the BTC pairs as Bitcoin itself slashed more than 50% within no time. Further, the asset went on to recover the 60% dump but remained 14% distinct from the highs. Currently, the trading pair is yet again attempting to range high after a minor pullback, yet the buyers appear to be a little exhausted. 

Will the MATIC/BTC make it to the highs or undergo yet another correction? Let’s check it out!

Polygon/Bitcoin(MATIC/BTC) Technical Analysis at a Glance

The asset after a notable surge, a couple of days before, broke the immediate resistance levels currently testing the next levels. However, each time after a notable jump, the buying pressure tends to ease, yet luckily the bears remain off the track. And hence despite a small pullback, the asset remains pretty bullish and the target remains above the current ATH. 

Short Term The price after a notable surge in the past couple of days is experiencing a slight pullback, the selling pressure has not mounted yet. And hence the uptrend appears still intact.
Mid-Term  MATIC/BTC remains pretty bullish and despite a minor selling volume, the price is poised to surge towards the immediate resistance levels 
Long-Term The long term forecast is extremely bullish as the probabilities of yet another huge spike may be on the cards

Polygon/Bitcoin(MATIC/BTC) Technical Indicators & Pivot Points

Technical Indicators 

Technical Indicators Value (1Hr / 1D) Action (1Hr / 1D)
StochasticRSI(StochRSI)(14) 10.39 / 71.78 Oversold / Buy
MACD(12, 26) 0.00 / 0.00 Neutral / Neutral
Williams Percentage Range -67.47 / -15.29 Sell / Overbought
Average True Range (14) 0.00 / 0.00 High Volatility / High Volatility 
Bull-Bear Power(13) 0.0001 / 0.0001 Buy / Buy

Pivot Points

Pivot Levels Short-Term Long-Term
Moving Average(MA)-50 0.00005380 BTC 0.00004695 BTC
Moving Average(MA)-200 0.00005183 BTC 0.00003277 BTC
Resistance 0.00005562 BTC 0.00005756 BTC (ATH)
Support 0.00005404 BTC 0.00004859 BTC 


The MATIC/BTC pair in both the short term & the long term is manifesting an extremely bullish trend as the indicators point out towards a strong buy. The StochRSI has dipped hard in the short term, trending in the oversold region, hence pointing towards a bullish divergence. While the MACD is neutral, meaning no notable buying or selling pressure has been accumulated over the platform. 

On the other hand, the Average true range which focuses on the market sentiments indicates a spike in the volatility rate pointing towards a change in the trend very soon. Luckily, the bull-bear power in both the short-term and long term suggests the bulls are more powerful, manifesting a notable uptrend awaiting ahead. 

Coming to the pivot levels, both the MA levels are acting as strong support levels in the short & long term. The current levels appear pretty close to the short-term resistance levels and an inch close to its ATH. The bulls are slowly gaining immense strength, while the selling pressure has failed to nullify the buying pressure. And hence slowly yet steadily the price could surge beyond its ATH and discover new highs in the upcoming days. 

Polygon/Bitcoin(MATIC/BTC) Technical Analysis for the Week

The MATIC/BTC price began the new year trade on an extreme bearish note shedding nearly 15% of its value within a week. However, the asset rebounded well and surged high to regain its lost positions within no time and yet again faced a notable consolidation a step before hitting its ATH. Despite the asset experiencing a slight pullback, the price ranged high and was on its way to form new highs very soon. 

Source: Tradingview Date: 15-01-2022 Time: 4:50pm

  • The price ever since dropped from its highs gained immense bullish momentum and went on to go parabolic to reach the levels close to its ATH. 
  • Yet the asset also underwent a notable pullback, which completed the cup and handles pattern. Further breaking through the pattern, the asset raised high, yet again to consolidate within narrow margins. 
  • The current consolidation appears to be pretty healthy as the asset is accumulating strength to pull the next leg up.
  • The asset is expected to continue swinging within narrow braces for some more time before jumping out of the consolidation to mark new highs
  • However, the 1.6 FIB levels are around 0.00005800 BTC and 2 FIB levels are at 0.00005900 BTC which form the immediate target to be achieved by the MATIC/BTC pair

Polygon/Bitcoin(MATIC/BTC) Technical Analysis for Today: 15 January 2022

The MATIC/BTC pair began the weekly trade with a bullish push and further maintained a notable consolidation. As the asset reached its immediate lows, the bulls immediately jumped in action to uplift the price to some extent, where-in the bears jumped in action to exact their profits. However, the price is currently attempting to halt the downtrend and initiating a parabolic trend to reach the levels beyond the ATH. 

The MATIC/BTC price at the press time is 0.00005438 with a jump of nearly 3.4% compared to the previous trading levels. While the volume remains around $9 million, the asset is expected to hover within 0.00005217 and 0.00005549 throughout the day. The daily close above these levels may validate the next bull run.

Where & How to buy Polygon/Bitcoin(MATIC/BTC)

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Disclaimer: The above views, information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational/ educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, digital assets/ cryptocurrencies or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.


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