Full Analysis $MATIC as of 08/19/2024
1. Price Forecast
• Short-term forecast: Continued consolidation is expected with possible pullbacks to lower support levels in the range of $0.37 - $0.42. However, against the backdrop of liquidation levels, a short-term increase to $0.45 is likely over the next 1-2 weeks.
• Medium-term forecast: A sideways trend is possible with support at $0.35 - $0.40. With volume support and growing interest from large holders, growth to $0.50 - $0.55 is possible within 3-6 months.
⚠️ General conclusion Based on technical and on-chain analysis, it is recommended to consider 🟢long positions at $0.40 - $0.42. The main factors include volume support at $0.40, activity of large holders, and growth potential to $0.45. 🛑Short positions are possible when approaching the $0.45 level with a target of $0.40, but the probability of such a scenario is lower.
