MATIC is up by greater than 1% at the moment and will rally greater after Bitpay added support for Polygon and its native token.
MATIC, the native coin of the Polygon community, is up by greater than 1% within the final 24 hours. The coin is underperforming the broader crypto market, which has added greater than 3% to its worth at the moment.
The complete cryptocurrency market cap is now above $1 trillion for the primary time in practically two months. Bitcoin is closing in on the $21k resistance degree after surging by greater than 1% at the moment.
Ether, the second-largest cryptocurrency by market cap, is up by lower than 1% and is buying and selling above $1,500 per coin.
MATIC is underperforming in contrast to the broader crypto market despite Polygon saying that it’s now supported by Bitpay.
????@BitPay, the world’s largest supplier of Bitcoin and cryptocurrency fee providers, has introduced support for #Polygon and $MATIC.
Beginning this week, you may
1️⃣Buy
2️⃣Store
3️⃣Swap
4️⃣Spend$MATIC throughout the BitPay app. pic.twitter.com/NCCYlXQG9n— Polygon – MATIC ???? (@0xPolygon) October 26, 2022
Bitpay is likely one of the main suppliers of Bitcoin and cryptocurrency fee providers on the planet. It has added support for Polygon and MATIC, permitting its customers to purchase, retailer, swap, and spend MATIC and several other different supported ERC-20 tokens on Polygon.
Key ranges to watch
The MATIC/USD 4-hour chart is bullish as Polygon has added greater than 11% to its worth because the begin of the week. The technical indicators present that MATIC’s efficiency may enhance within the close to time period.
The MACD line crossed into the optimistic zone earlier this week and has remained there, indicating that the bulls are at present accountable for the MATIC market.
The 14-day RSI of 64 additionally exhibits that MATIC may enter the overbought area if the present market momentum is sustained.
At press time, MATIC is buying and selling at $0.934 per coin. If the optimistic momentum is maintained, MATIC may surge previous the primary main resistance degree at $1.004 per coin. That could be the primary time MATIC is buying and selling above $1 since August.
However, it will want the support of the broader market to surge previous the $1.057 resistance degree within the close to time period.
Where to purchase MATIC now
eToro
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Bitstamp
Bitstamp is a number one cryptocurrency alternate which affords buying and selling in fiat currencies or well-liked cryptocurrencies.
Bitstamp is a totally regulated firm which affords customers an intuitive interface, a excessive diploma of safety for your digital property, glorious buyer support and a number of withdrawal strategies.
