MATIC bulls have hopes of a bounce in next week, here is why
Fuente: MATIC / USDT en TradingView A bullish order block was seen in the $0.8 region (marked in cyan). It shows a bearish candle followed by a bullish move higher to $0.9 and $1.03. The dip followed by a break in structure to bullish meant that the $0.88- $0.76 is a strong zone of support for MATIC. At the time of writing, the token was trading at $0.809 and could dip further as well. The momentum has been slightly bullish in recent weeks, but the long-term trend was not bullish. Fuente: MATIC / USDT en TradingView The RSI dipped below neutral 50 and retested the same as resistance. In recent months, the 57 and 40 levels have acted as support and resistance. This was not surprising, as the vicinity of 40 and 60 usually do. The inference from the RSI was that momentum favored the bears, but the overall picture was not bearish yet. That would require a drop below the 40 mark. The most recent time the RSI was below 40 was back in June. The CMF and the OBV showed some buying pressure in September. The OBV crept upward slightly, while the CMF was able to climb past +0.05 to outline significant capital flow