MATIC’s Price Takes a Breather From Its 21+% Weekly Gains
- MATIC’s price experienced a 24-hour drop of 1.31% according to CoinMarketCap.
- The altcoin’s price has broken through 2 major resistance levels over the last 7 days.
- Traders will want to keep an eye on the $1.4801 level in the next 24 hours.
Polygon (MATIC), the Ethereum Layer-2 project, experienced a 24-hour price drop according to CoinMarketCap. At press time, MATIC’s price is down 1.31% and stands at $1.52 as a result. Despite the 24-hour drop in price, MATIC’s weekly price performance is still in the green with an impressive 21.23% gain over the last 7 days.
MATIC was not able to strengthen against the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH), over the last 24 hours, however. Currently, MATIC is down 1.94% against BTC and 1.60% against ETH.
The price of MATIC has successfully broken above the resistance levels at $1.13160 and $1.4801 over the last 7 days. At press time, MATIC’s price has retraced slightly and is resting on the freshly-flipped resistance, now support, level at $1.4801.
The daily RSI indicator suggests that there is still some bullish momentum present on MA…
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